1. 17 stocks that made news in Thursday’s trade: GAIL, Mphasis, Marksans Pharma and more

17 stocks that made news in Thursday’s trade: GAIL, Mphasis, Marksans Pharma and more

Marksans Pharma stocks closed 14.06 per cent up at Rs 53.95 after it received communication from UK MHRA informing that they are issuing a Restricted GMP Certificate allowing the company to continue manufacture and marketing of critical products for the UK markets.

By: | New Delhi | Updated: March 17, 2016 5:16 PM
Stocks that remained in focus today Marksans Pharma stocks closed 14.06 per cent up at Rs 53.95 after it received communication from UK MHRA informing that they are issuing a Restricted GMP Certificate allowing the company to continue manufacture and marketing of critical products for the UK markets.

The BSE Sensex and NSE Nifty wiped off their day’s gains in the last half an hour of the trade and closed almost flat on Thursday following profit-booking. Sensex closed 5.11 points down at 24,677.37, while Nifty closed 13.80 points up at 7,512.55. Click here for stock markets report

Below are the 17 stocks stocks that trended in Thursday’s trade

Videocon Industries and Bharti Airtel: Videocon Industries shares surged as much as 17 per cent after its telecom arm Videocon Telecommunications (VTL) inked agreement with Bharti Airtel whereby the latter will acquire VTL’s spectrum in six circles in the 1800 MHz Band for a consideration of Rs 4,428 crore. Shares of Videocon Industries closed 1.33 per cent up at Rs 110.85. Bharti Airtel closed 0.56 per cent up at Rs 341.55.

Mphasis: Shares of the company surged over 5 per cent on Thursday on reports that the world’s largest private equity investor Blackstone Group is close to acquiring IT firm in an over $1-billion deal, outbidding two other strong contenders — Apollo Global Management and Tech Mahindra. Blackstone will buy out Hewlett-Packard’s (HP’s) 60.5 per cent stake in the Bengaluru-based IT firm.

Marksans Pharma: Stocks of the company closed 14.06 per cent up at Rs 53.95 after it received communication from UK MHRA informing that they are issuing a “Restricted GMP Certificate” allowing the company to continue manufacture and marketing of critical products for the UK markets.

GAIL: Shares of GAIL remained upbeat as the natural gas regulator revised the company’s KG Basin’s gas price. PNGRB revised GAIL India’s KG Basin pipeline tariff to Rs 45.32 per mbtu. GAIL shares closed 4.04 per cent up at Rs 353.10.

FTIL: Stocks of the company ended 2.90 per cent up at Rs 78.10 as it has exited from Dubai Gold and Commodities Exchange (DGCX) by selling its 13 per cent stake in the bourse to Dubai Multi Commodities Centre (DMCC).

Ujaas Energy: Ujaas Energy has bagged an order to establish and operation and Maintenance (O&M) of Solar Photovoltaic Power Plant of 5MW capacity from Rashtriya Ispat Nigam — Visakhapatnam Steel Plant. The approximate combined cost of the order is Rs 34.73 crore. Shares of the company closed 3.64 per cent up at Rs 22.75.

Procter and Gamble (P&G): Stocks of the FMCG firm ended the day 2.11 per cent up at Rs 6150 after P&G said it will resume manufacturing and sale of its popular brand ‘Vicks Action 500 Extra’ after the Delhi High Court stayed government’s order banning fixed dose combination drugs.

TCS: TCS, a leading IT services, consulting and business solutions organization announced the successful launch of Norway’s first peer-to-peer mobile payment solution with DNB, the largest financial services group in Norway. Shares of the company ended 1.05 per cent up at Rs 2351.75.

Reliance Infrastructure: Reliance Infrastructure received its board’s approval for scheme of arrangement between Reliance Infrastructure and Reliance Electric Generation and Supply (REGSPL) and their respective shareholders and creditors subject to requisite approvals. Shares of Reliance Infra settled 2.26 per cent up at Rs 508.25.

IRB Infrastructure: Shares of IRB Infrastructure gained after the company announced that capital market regulator Securities and Exchange Board of India (Sebi) has registered its infrastructure investment trust IRB InvIT Fund. The scrip closed 0.56 per cent up at Rs 231.80.

Tata Motors: Tata Motors gained after the company bagged order for supply of 25 Starbus diesel series hybrid electric buses from the Mumbai Metropolitan Region Development Authority. Shares of Tata Motors closed 0.33 per cent up at Rs 361.05.

 

BPCL, IOC, Oil India: Shares of Bharat Petroleum Corporation Ltd (BPCL), IOC and Oil climbed after BPCL’s 100 per cent wholly-owned subsidiary – Bharat PetroResources (BPRL) along with OIL India (OIL) and Indian Oil Corporation (IOC), acting jointly as the Indian Consortium, has signed a definitive agreement to acquire participatory shares representing 29.9 per cent of the charter capital of LLC ‘TYNGD’. BPCL shares ended 5.67 per cent up at Rs 862.65. Oil India and IOC shares ended 0.89 per cent up at Rs 306.30 and 2.64 per cent up at Rs 398.75, respectively.

ONGC: Share price of the company settled the day 2.95 per cent up at Rs 212.55 as a MoU was inked by ONGC Videsh Ltd with Rosneft taking additional 11 per cent in Vankor oil field in addition to 15 per cent it bought in September last year.

IDBI Bank: Stocks of the company ended 1.60 per cent up at Rs 66.65 after a section of officers and employees of the bank called for a one-day strike on March 28 to protest against the government’s proposed stake sale in the state-run lender.

  1. A
    Ashish
    Mar 17, 2016 at 4:42 am
    Do you consider trading volume of stocks before buying decision. A low volume increases chances of stock being manited by operators. Visit prudentcap dot in to explore more
    Reply
    1. A
      Ashish
      Mar 17, 2016 at 12:05 pm
      Of the financial insutions chasing Vijay Mallya 90% come in PSU domain. Norms for getting loan sanctioned is different for PSU and private banks. This is the reason Most PSU banks have much higher NPAs private banks and may never be able to outperform them in long run. Visit prudentcap dot in to explore more
      Reply
      1. Nitin N Varia
        Mar 18, 2016 at 8:36 am
        TODAY IOCL Shall see spring action far far greater than HPCL AND BPCL Retail Inflation down from 5.69% to 5.18% so 100 basis point cut in interest rates good chance. IOC to hit 700 because: 1. Adhar card compulsory so subsidy leakage totally halted for omc. 2. Structural reform I upstream oil companies which percolate benifit to down stream too. 3. Huge inventory gain over 10,000 crore for IOC. 4. HIGHEST REFINING MARGIN crossing GRM of $14. 5. IOC TO PAY HIGHEST ADVANCE TAX IN ITS HISTORY IN MARCH QUARTER. 6. BONUS AND SPLIT ANNOUNCEMENT IN OFFING. 7. BEST PROFITABLE YEAR IN ITS HISTORY AIDED BY PLASTIC BUSINESS. 8. Rate cut by 100 basis point on 16/3/16 at 9 am. 9. FITCH confirms that Naptha based PETROCHEMICAL business of IOC RIL MOST profitable making huge profits. 10. Pradip Refinery enhancing refining margins. JUST PATIENCE ONLY FOR 700 NITIN VARIA F&O Action in OMC and bear SQEEZE in IOC today. Normal open interest in IOC remains between 85 lacs to 95 lacs. But since January February were volatile months heavy short created and that have been reduced to now 555 lacs. as on 17/3/16. This is a sign that the open position in IOC is bear minimum and short covering is going on since last expiry hence bear SQEEZE that will sky rocket ioc today . The modus opei of short covering is DUBIOUS.the code changes after market hours.
        Reply

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