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.