The BSE Sensex and NSE Nifty ended lower for the third straight session on Monday as renewed worries about the impact of Brexit’s June 23 referendum rattled global markets ahead of US Federal meeting scheduled on June 14 and June 15. Investors also remained cautious ahead of CPI inflation data scheduled later in the day. Sensex plunged 238.98 points to end at 26,396.77, while NSE Nifty slipped 59.45 points to settle at 8,110.60.
Below are 7 stocks which are remained in focus in Monday’s trade:
Welspun Enterprises: Stocks of the company ended 1.06 per cent up at Rs 62.05 after the company said that Welspun Energy has signed a SPA with Tata Power Renewable Energy for divestment of its subsidiary Welspun Renewable Energy.
IIFL Holdings Ltd: Stocks of the company ended 4.60 per cent down at Rs 219 after Reserve Bank of India (RBI) notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest from the existing 100 per cent up to 80 per cent of the paid up capital of IIFL Holdings (Formerly India Infoline) under the Portfolio Investment Scheme (PIS).
A2Z Infra: Stocks of the company ended 5.65 per cent up at Rs 32.70 after the company won a $ 13.56 million (around Rs 90 crore) contract from Nepal government for expansion of electricity distribution network.
Fortis Healthcare: Shares of the company slumped 1.84 per cent at Rs 165.10 after the company said its subsidiary has received an order from the Directorate General of Health Services (DHS) to deposit Rs 503.36 crore for non-compliance of conditions of land allotment lease.
Tata Steel: Stocks of the company ended 3.33 per cent down at Rs 323.80 after Goldman Sachs downgraded stocks to ‘sell’ from ‘neutral’ and said the stock is pricing in most of the potentially positive drivers such as higher profitability and sale of UK assets.
PVR: Stocks of the company closed 1.79 per cent up at Rs 952 after it earmarked a capital expenditure of up to Rs 250 crore for the current fiscal for opening new screens and refurbishing the existing ones.
Lupin: Lupin on Friday informed BSE that the company has granted 6,573 options on June 09, 2016, to its employees under “Lupin Employees Stock Option Plan 2014″(ESOP 2014), at the exercise price of Rs 2 each. Shares of the pharma company ended 1.12 per cent up at Rs 1453.15.
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