1. Tasty Bite Eatables, Suditi Industries, Hester Biosciences among 10 stocks that remained in news today

Tasty Bite Eatables, Suditi Industries, Hester Biosciences among 10 stocks that remained in news today

Suditi Industries shares hit upper circuit for the third consecutive trading session on Monday.

By: | Updated: May 9, 2016 4:40 PM
Stocks in focus today Share of Tasty Bite Eatables rallied near 20 per cent on the BSE after the company reported 85 per cent year-on-year (YoY) jump in net profit at Rs 5.88 crore for the fourth quarter ended March 2016 (Q4FY16).

The BSE Sensex and NSE Nifty rallied around two percentage points, as a recent string of positive corporate results raised tentative hopes about an improving domestic economy. Sentiments also remained upbeat mainly as the weaker-than-expected US jobs report fanned expectations that the Federal Reserve would have to hike interest rates at a very slow pace.

Sensex closed 460.36 points up at 25,688.86, while Nifty 50 settled 132.60 points up at 7,866.05.

Below are the 10 stocks that remained in news today:

Hester Biosciences: Stocks of the company hit upper circuit on Monday after the company on Saturday reported a 57.14 per cent rise in standalone net profit to Rs 5.5 crore for the quarter ended March 31. The company had posted a net profit of Rs 3.5 crore in the same quarter last fiscal. Shares of the company surged 20 per cent to Rs 637.50.

ONGC: Stocks of the company closed 1.58 per cent up as the central government-owned ONGC and the Gujarat government-owned GSPC are in advanced talks to negotiate the price at which ONGC will take a 50 per cent plus stake in the latter’s 1,850 square kilometer KG Basin block.

Titan Company Ltd: Titan fell over 3 per cent intraday after it reported 14.4 per cent decline in net profit to Rs 184.11 crore for the fourth quarter ended March 31, 2015-16, mainly due to lower sales. However, the scrip closed 0.41 per cent up at Rs 365.60.

Godrej Properties: Stocks of the company closed 1.51 per cent higher as it is aiming to launch 15 new projects, including one in Noida, and sell its completed commercial assets worth Rs 1,500 crore during this fiscal as the realty firm seeks to achieve higher growth. Godrej Properties achieved a record sales bookings of Rs 5,038 crore in 2015-16 fiscal, up 88 percent from previous year, helped by sale of 4,35,000 sq ft of commercial space at Godrej BKC, Mumbai, for Rs 1,479 crore. The company is expected to launch a housing project in Noida also, comprising 4 million sq ft of saleable area in this fiscal.

Reliance Capital: Shares of Reliance Capital surged over 6 per cent on Monday after the company on Friday reported a marginal 1.9 per cent increase in its consolidated net profit at Rs 415 crore for the quarter ended March 2016.

Tasty Bite Eatables: Share of Tasty Bite Eatables rallied near 20 per cent on the BSE after the company reported 85 per cent year-on-year (YoY) jump in net profit at Rs 5.88 crore for the fourth quarter ended March 2016 (Q4FY16).

Thyrocare Technologies: Thyrocare Technologies made a robust debut on bourses at Rs 662, a premium of 48.43 per cent to the Initial Public Offer (IPO) price. Shares of Thyrocare Technologies closed at Rs 618.10 on BSE.

Inox Wind: Inox Wind shares gained over 3 per cent after the wind power solutions company on Friday reported a 77.5 per cent rise in consolidated net profit at Rs 209.2 crore for the quarter ended March 2016. The scrip closed 3.31 per cent up at Rs 249.80.

UltraTech Cement: UltraTech Cement closed 1.62 per cent higher after the company stated that its board approved a proposal for raising foreign investment limit in the firm.

Suditi Industries: Suditi Industries shares hit upper circuit for the third consecutive trading session on Monday. The company on May 5 informed BSE that the company and YouWeCan (backed by cricketer Yuvraj Singh) have associated to create a clothing line under the YWC label. The association is created through the Brand licensing Company Black White Orange Brands Pvt. Ltd taking their strategic partnership with YouWeCan Ventures a notch higher. As a part of this exclusive deal, Suditi Industries Ltd will design and manufacture a licensed clothing line that will include lifestyle and fashion apparel for men, women & 4+ kids. The collection is expected to launch in stores and online by September this year. The share price of the company advanced 4.87 per cent to Rs 29.05.

 

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