The Sensex recovered over 115 points in early session on Monday on fresh spell of buying in select bluechip stocks amid mixed Asian cues. At 11.10 am, Sensex was trading 13.16 points down at 24,660.68, while NSE Nifty was trading 1.15 points down at 7,554.05.
Below are the 10 stocks that remained in focus in Monday’s trade
Orchid Pharma: Shares of Orchid Pharma closed 11.10 per cent up at Rs 43.05 after the company received an Establishment inspection report (EIR) from the US health regulator based on the successful inspection closure for the API manufacturing facility in Tamil Nadu.
CMI Ltd: Shares of the company ended 6.39 per cent up at Rs 239.90 after it announced the beginning of the commercial production at its new facility at Baddi, Himachal Pradesh. This facility is a part of the recently acquired General Cable Energy Private Ltd from fortune 500 company, General Cable Corporation.
Great Eastern Shipping company: Shares of the company were trading 1.45 per cent up at Rs 338.75 (11.01 am) after the company announced that it has contracted to buy a Secondhand Very Large Gas Carrier (1996 built) of about 76,931 cbm. The Japan-built vessel will be delivered to the company in Q1 FY17. Later, it ended the day 2.92 per cent down at Rs 323.95.
Sagar Cements: Shares of the company settled the day 7.32 per cent up at Rs 569 after it on Thursday reported 16 per cent year-on-year rise in cement sales for the month ended March 2016. BMM Cements, wholly-owned subsidiary of Sagar Cement, reported 1,029 per cent rise in sales during the same period.
Rajesh Exports: Stocks of the jewellery exporter and retailer closed 2 per cent up at Rs 603.90 after it won a Rs 1,188-crore export order from the United Arab Emirates.
Rupa & Company: Shares of the company gained 20 per cent to hit upper circuit at Rs 329.40 on Monday after the knitwear maker on Friday said its arm Oban Fashions has acquired the exclusive licence from French Connection for manufacturing and sale of innerwear brand ‘FCUK’ in India.
Bharti Airtel: Stocks of the company ended 4.20 per cent up at Rs 348.35 after Bharti Airtel and its subsidiary, Bharti Hexacom have entered into a definitive agreement with Aircel and its subsidiaries Dishnet Wireless and Aircel Cellular to acquire rights to use 20 MHz of 2300 band 4G spectrum for eight circles for an aggregate consideration of Rs 3,500 crore.
Sun Pharmaceutical Industries: Stocks of the company were trading 0.70 per cent up at Rs 817.50 (9.47 am) as it has received approval from the US health regulator for its non-steroid drug BromSite used to treat inflammation and prevent pain in patients undergoing cataract surgery. Later, the share price of the company closed 0.60 per cent up at Rs 816.70.
DLF: Stocks of the company closed the day 1.77 per cent up at Rs 120.55 as it has initiated the process to sell promoters’ 40 per cent stake in its rental arm, a deal estimated at Rs 12,000-14,000 crore.
ARSS Infrastructure Projects Ltd: ARSS Infrastructure’s Joint Venture (JV) “ARSS-SIPS (JV)” has secured order worth Rs 156.85 crore from East Coast Railway, Bhubaneswar. The order is for execution of earthwork, minor bridges & other allied works (Km: 483.047 to Km. 398.166 i.e 2*85 =170 km approx) of Budhapank-Salegaon Via- Rajathagarh – 3rd & 4th line. The share price of the company settled the day 5.06 per cent up at Rs 41.55