1. Tech Mahindra, VRL Logistics among 10 stocks that remained in focus today

Tech Mahindra, VRL Logistics among 10 stocks that remained in focus today

Tech Mahindra stocks ended 10.29 per cent up at Rs 528.55 after its consolidated net profit almost doubled to Rs 897.08 crore for the quarter ended March 31, 2016.

By: | Updated: May 25, 2016 5:54 PM
Stocks in focus today Tech Mahindra stocks ended 10.29 per cent up at Rs 528.55 after its consolidated net profit almost doubled to Rs 897.08 crore for the quarter ended March 31, 2016. The Mumbai-based company had posted a net profit of Rs 472 crore in the corresponding quarter last fiscal.

The BSE Sensex and NSE Nifty soared on Wednesday a flurry of buying by foreign funds and retail investors amid a firm overseas cues. Buying activity gathered momentum as global equities rallied after investors also adjusted to the prospect of a US rate hike in the near future amid a surge in home sales. Sensex closed 575.70 points up at 25,881.17, while NSE Nifty reclaimed 7,900-mark, by climbing 186.05 points to 7,934.90.

Below are the 10 stocks that are in focus today

Ruchi Soya: Stocks of the company ended 2.49 per cent up at Rs 22.60 after Sebi barred the company from the securities market for alleged fraudulent activities in trading of castor seeds.

National Steel and Agro Industries: Stocks of the company ended 4.98 per cent down at Rs 11.26 after the Securities Exchange and Board of India (Sebi) banned the company from the securities market for alleged fraudulent and manipulative in trading in castor seeds at the NCDEX.

Tech Mahindra: Stocks of the IT services firm ended 10.29 per cent up at Rs 528.55 after its consolidated net profit almost doubled to Rs 897.08 crore for the quarter ended March 31, 2016. The Mumbai-based company had posted a net profit of Rs 472 crore in the corresponding quarter last fiscal.

VRL Logistics: Stocks of the company ended 12.58 per cent down at Rs 275.45 amid worries over its promoters’ proposed investment in regional airline venture and its impact on the firm’s balance shee

Zee Media: Stocks of the company ended 14.21 per cent up at Rs 20.90 after it posted a consolidated net profit of Rs 18.26 crore for the fourth quarter ended March 31, 2016 on account of reduction in operating expenditure. The company had reported a net loss of Rs 7.17 crore in the same quarter, last fiscal.

Cipla: Stocks of the pharma major ended 4.97 per cent down at Rs 470.30 after it reported a consolidated net profit of Rs 80.87 crore for the fourth quarter ended March 31, 2016. The company had posted a net profit after minority interest and share of profit/loss of the associates of Rs 259.66 crore for the corresponding period of the previous fiscal.

Parsvnath Developers: Realty firm Parsvnath Developers reported a profit of Rs 5.93 crore for the quarter ended March, 2016, as against a loss of Rs 140.9 crore in the year-ago period. Stocks of the company ended 2.57 per cent up at Rs 17.95.

Omaxe: Shares of the real estate company ended 2.89 per cent up at Rs 155.10 after it reported 21 per cent increase in consolidated net profit to Rs 24.35 crore for the quarter ended March 31 on higher sales. Its net profit stood at Rs 20.24 crore in the year-ago period.

Bajaj Auto: Stocks of the company ended 3.96 per cent up at Rs 2478.85 after it reported 29.18 per cent increase in standalone net profit to Rs 803.06 crore for the fourth quarter ended March 31, riding on robust sales growth. The company had posted a standalone net profit of Rs 621.62 crore in the same period of the previous fiscal.

Apollo Hosiptals: Stocks of the company ended 1.34 per cent down at Rs 1344.25 afte the healthcare major reported a 2.12 per cent decline in standalone net profit to Rs 75.69 crore for the March quarter, mainly on account of increased expenditure.

Get latest news and updates on Auto Expo 2018, check breaking news on Budget 2018, like us on Facebook and follow us on Twitter.

  1. No Comments.

Go to Top