1. Just Dial, TCS, Aptech among 10 stocks that remained in news today

Just Dial, TCS, Aptech among 10 stocks that remained in news today

Aptech Limited shares locked at upper circuit, up 10 per cent at Rs 175.05 on Thursday after Rajesh Kumar Jhunjhunwala and Rekha Rakesh Jhunjhunwala – brother and wife of ace investor Rakesh Jhunjhunwala — bought 7,63,057 shares in the IT firm via block deals on September 7.

By: | New Delhi | Updated: September 8, 2016 4:03 PM
BSE Sensex, NSE Nifty TCS has warned that its financial sector clients in the US are holding back on discretionary spends, leading to a “sequential loss of momentum”. Shares of the company closed 5.14 per cent down at Rs 2,321.15. (Photo: PTI)

The BSE Sensex and NSE Nifty closed higher on Thursday on account of firm global cues. The 30-share index closed 118.92 points up at 29,045.28, while Nifty 50-index settled 34.55 points up at 8,952.50. During the day, Sensex hit its fresh 52-week high of 29,077.28. Around 101 shares on NSE hit their fresh 52-week high in Thursday’s trade. The list includes stocks such as Uflex, UltraTech Cement, Zydus Wellness, State Bank of India, SP Apparels, Sun TV Network and Tata Steel.

However, below are the stocks which remained in news today:

Just Dial: Just Dial on Thursday announced that it has got in-principle approval from the Reserve Bank of India (RBI) for launching its prepaid wallet. Shares of the company were trading 2.09 per cent down at Rs 498.50. Shares of the company closed 1.96 per cent down at Rs 499.15.

ONGC: Oil and Natural Gas Corporation (ONGC) on Wednesday registered a 21 per cent fall in its June quarter net profit as oil prices slumped and its output fell. The company reported a net profit of Rs 4,233 crore for the quarter ended June 30, 2016 against net profit of Rs 5,368 crore in the corresponding quarter last year. Shars of the company closed 0.47 per cent higher at Rs 246.25.

Motherson Sumi: Motherson Sumi Systems informed bourses that it will acquire the automotive business unit of Abraham and Co Ltd in Hungary for about Rs 77 crore. The acquisition is being carried out by MSSL Manufacturing Hungary Kft, an arm of MSSL Gmbh, which again is a subsidiary of MSSL. Shares of Motherson Sumi settled 2.44 per cent down at Rs 328.15.

TCSTCS has warned that its financial sector clients in the US are holding back on discretionary spends, leading to a “sequential loss of momentum”. Shares of the company closed 5.14 per cent down at Rs 2,321.15.

GAIL India: Shares of the company closed 1.92 per cent down on Thursday despite it reported a 244 per cent jump in its June quarter net profit, boosted by a turnaround in petrochemical business and sale of stake in Mahanagar Gas, which retails CNG in Mumbai. GAIL India reported a net profit of Rs 1335 crore for the quarter ended June 30, 2016 against Rs 388 crore in the same quarter last year.

Aptech: Aptech Limited shares locked at upper circuit, up 10 per cent at Rs 175.05 on Thursday after Rajesh Kumar Jhunjhunwala and Rekha Rakesh Jhunjhunwala – brother and wife of ace investor Rakesh Jhunjhunwala — bought 7,63,057 shares in the IT firm via block deals on September 7.

PNC Infratech: The National Highways Authority of India on Wednesday said it has given a Rs 820 crore highway project in Rajasthan to PNC Infratech. Shares of the company closed 2.70 per cent up at Rs 125.70.

YES Bank: Yes Bank has launched an up to $1 billion share sale to institutions, according to a regulatory filing on Wednesday. The scrip closed 5.32 per cent down at Rs 1330.65.

Max Financial Services: The company on Wednesday said it has filed a joint application seeking CCI’s approval for amalgamation of Max Life Insurance Company and Max Financial Services into HDFC Standard Life Insurance Company. Shares of the company settled 3.63 per cent up at Rs 600.10.

Orient Paper: Orient Paper & Industries is planning to raise fund by way of rights issue of equity shares. In this regard, the company’s board will meet on 15 September 2016. The board will also consider various options for business restructuring of the company. Shares of the comany closed 6.41 per cent up at Rs 76.40.

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