1. 10 stocks that hogged limelight in Monday’s trade: ICICI Bank, Marksans Pharma and more

10 stocks that hogged limelight in Monday’s trade: ICICI Bank, Marksans Pharma and more

Marksans Pharma stocks ended 9.84 per cent up at Rs 50.25 after it received approval from the US health regulator for its Metformin Hydrochloride tablets, used for treatment of diabetes, in the American market.

By: | Updated: May 2, 2016 5:00 PM
Stocks that hogged limelight Marksans Pharma stocks ended 9.84 per cent up at Rs 50.25 after it received approval from the US health regulator for its Metformin Hydrochloride tablets, used for treatment of diabetes, in the American market. (Photo: Reuters)

The BSE Sensex and NSE Nifty ended lower on Monday following disappointing corporate results, including from InterGlobe Aviation, and after a business survey showed manufacturing sector activity dropping to a four-month low in April. Sensex dropped by 169.65 points to end at 25,436.97, while NSE Nifty fell 43.90 points to settle at 7,805.90.
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Below are the 9 stocks that hogged limelight today

Interglobe Aviation (Indigo): Stocks of low-cost carrier closed 4.51 per cent down at Rs 1023.80 after Aviation Turbine Fuel (ATF), or jet fuel, price was hiked by 1.5 per cent. ATF price in Delhi was raised by Rs 627 per kilolitre, or 1.48 pr cent, to Rs 42,784.01 per kl. The hike comes on the back of of a steep 8.7 per cent or Rs 3,371.55 per kl hike on April 1. Prior to that, rates were hiked by steep 12 per cent, or Rs 4,174.49, on March 1. Rates vary at different airports because of differential local sales tax or value-added tax (VAT). The company also saw its net profit remain flat at Rs 579.31 crore in the three months ended March as higher expenses hit the no-frills carrier even as it flew more passengers during the period.

ICICI Bank:  Stocks of the private lender ended 4.08 per cent down at Rs 226.95 after it reported its worst numbers in over a decade with consolidated net profit plunging 87 per cent in the March quarter at Rs 406.71 crore due to a spike in provisioning for bad loans.

Shriram Transport Finance Corporation (STFC): Shriram Transport Finance Corporation (STFC) shares closed 15.31 per cent up at Rs 1088.05 despite the company reported 73.25 per cent year-on-year fall in its consolidated net profit figures at Rs 84.23 crore. STFC has posted net profit of Rs 314.89 crore in the same quarter last year.

Marksans Pharma: Stocks of the company ended 9.84 per cent up at Rs 50.25 after it received approval from the US health regulator for its Metformin Hydrochloride tablets, used for treatment of diabetes, in the American market.

Oberoi Realty: Shares of the realty firm settled 2.33 per cent down at Rs 272.85 after the real estate major on Friday registered a 37.34 per cent fall in consolidated net profit at Rs 64.55 crore for the quarter ended March 2016. It had posted a net profit of Rs 103.02 crore in the same period a year ago. Read More

Federal Bank: Shares of the bank were trading 1.74 per cent down at Rs 45.15 (12.34 pm) after the private sector lender reported a 96 per cent decline in net profit for the March quarter. Later, the share price of the company ended 1.31 per cent up at Rs 46.55.

HDFC: Housing finance major reported a 30.76 per cent surge in consolidated net profit to Rs 3,460.46 crore for the quarter ended March 31. The share price of the company closed 0.36 per cent up at Rs 1092.75.

Suzlon Energy: Stocks of the company ended 3.40 per cent up at Rs 15.50 after the wind energy solutions provider announced that it commissioned 900 mw wind energy projects in the last fiscal.

Cholamandalam Investment and Finance: Stocks of the company ended 6.68 per cent up at Rs 849 after it reported a 42 per cent growth in net profit at Rs 192 crore for the March quarter, helped by higher disbursements and reduction in cost of funds.

SML Isuzu: Stocks of the company closed 6.59 per cent up at Rs 1032.20 after it reported 60.27% rise in April sales. The company has sold 1404 vehicles during April, 2016 against 876 vehicles sold in April, 2015.

 

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