1. 7 stocks that made news today: KPIT Technologies, Deepak Fertilisers and more

7 stocks that made news today: KPIT Technologies, Deepak Fertilisers and more

Deepak Fertiliser stocks settled the day at 4.52 per cent up at Rs 161.80 as Ministry of Chemicals and Fertilizers has agreed to release about Rs 485 crore outstanding subsidy payment to the company.

By: | Updated: June 14, 2016 4:08 PM
Stocks that remained in focus today Deepak Fertiliser stocks settled the day at 4.52 per cent up at Rs 161.80 as Ministry of Chemicals and Fertilizers has agreed to release about Rs 485 crore outstanding subsidy payment to the company. (Photo: Reuters)

The BSE Sensex and NSE Nifty ended flat on Tuesday following their global counterpart that remained weak ahead of US Federal Reserve and the Brexit referendum. Sensex closed 1.06 points down at 26,395.71, while Nifty 50 index settled 1.75 points down at 8,108.85.

Sensex, Nifty end flat ahead of US Fed meet

Below are 7 stocks which remained in focus today:

KPIT Technologies: Stock of the company ended 5.41 per cent up at Rs 179.15 after the company on Monday (post market hours) informed bourses that Copart Inc, a former US client, has filed a case against KPIT’s 100 per cent subsidiary Sparta Consultancy Inc and seeking damages amounting to not less than $50 million.

PSU banks: Stocks of PSU banks remained in focus after the RBI came out with a scheme for resolution of bad loans of large projects wherein a portion of the debt will be converted into equity or other instruments.  The scrip of Punjab National Bank ended up 7.90 per cent, Bank of India closed 3.37 per cent up while Bank of Baroda climbed 1.99 per cent on BSE.  Shares of Indian Overseas Bank ended 1.94 per cent up and SBI settled 2.65 per cent on BSE.

DLF: Stocks of the company closed 1.65 per cent up at Rs 132.65 after its rental arm gets $1 billion bids from big PE firms -GIC, Blackstone & Brookfield among suitors who filed offers for 40 per cent stake.

Deepak Fertilisers: Stocks of the company settled the day at 4.52 per cent up at Rs 161.80 as Ministry of Chemicals and Fertilizers has agreed to release about Rs 485 crore outstanding subsidy payment to the company.

IVRCL: Stocks of infrastructure firm closed 4.14 per cent up at Rs 5.03 on Monday said it has allotted 6.46 lakh shares to Bank of Nova Scotia as part of Strategic Debt Restructuring (SDR).

A2Z Infra Engineering: Stocks of the company hit their fresh 52-week high and closed 7.80 per cent up at Rs 35.25 after the company won a $13.56 million (around Rs 90 crore) contract from Nepal government for expansion of electricity distribution network.

Capital First: Stocks of the company ended 2.83 per cent up at Rs 557.90 after it raised Rs 12 crore by issuing rated, listed, secured, non-convertible perpetual securities in the nature of debentures (NCDs), having face value of Rs 10 lakh each.

 

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