1. Top 10 stocks that remained in news today: Sobha, 3M India, Marsons and more

Top 10 stocks that remained in news today: Sobha, 3M India, Marsons and more

3M India shares surged 13 per cent after the company reported a 240 per cent year on year rise in its net profit figures at Rs 56.61 crore for the quarter ended December 2015 against Rs 16.65 crore in the corresponding quarter a year ago.

By: | New Delhi | Updated: February 8, 2016 4:44 PM
Stocks that remained in focus today

Sobha shares tanked over 5% after the company reported 47 per cent decline in net profit at Rs 32.1 crore for the quarter ended Dec 2015. It had posted a profit of Rs 60.1 crore in the year-ago period. (Photo: Reuters)

The BSE Sensex and NSE Nifty plunged over 1 per cent on Monday on account of weak global cues coupled with heavy selling pressure in the frontline blue chip stocks. The BSE Sensex closed 329.55 points down at 24,287.42. On the National Stock Exchange (NSE), the 50-share Nifty closed at 7,387.25 with a loss of 101.85 points or 1.36 per cent.

Below are top 10 stocks that remained in news on Monday

Jet Airways: Jet Airways shares gained nearly 4 per cent after the second largest carrier posted record earnings for the October-December quarter.

3M India: 3M India shares surged 13 per cent after the company reported a 240 per cent year on year rise in its net profit figures at Rs 56.61 crore for the quarter ended December 2015 against Rs 16.65 crore in the corresponding quarter a year ago.

Precision Camshafts: Precision Camshafts shares debut on bourses on Monday.

Claris Lifesciences: Claris Lifesciences shares hit their new 52-week low of Rs 156.10 on Monday after the company on Friday post market hours reported a consolidated net loss of Rs 68.88 crore for the quarter ended December 2015. The company had posted net profit of Rs 89.85 crore in the corresponding quarter a year ago.

Procter & Gamble: Procter & Gamble (P&G) shares gained over 6 per cent on Monday after the FMCG major reported 61.81 per cent rise in net profit figures to Rs 146.70 crore for the quarter ended December 2015. The company earned Rs 90.66 crore in the corresponding quarter a year ago ago.

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VA Tech Wabag: VA Tech Wabag reported 17.03 per cent rise in its net profit at Rs 20.68 crore for the quarter ended December 31, 2015 as compared to Rs 17.67 crore for the same quarter in the previous year. The company’s total income has increased by 26.27 per cent to Rs 373.79 crore for the quarter under review from Rs 296.03 crore for the corresponding quarter of the previous year. Shares of VA Tech Wabag closed 2.52 per cent up at Rs 580.

Sobha Ltd: Sobha Ltd shares tanked over 5 per cent after the realty firm on Friday post market hours reported 47 per cent decline in consolidated net profit at Rs 32.1 crore for the quarter ended December 2015 due to lower sales. The Bengaluru-based developer had posted a profit of Rs 60.1 crore in the year-ago period.

Dr Reddy’s Laboratories: Drug major Dr Reddy’s Laboratories  on Monday said its US subsidiary Promius Pharma has received USFDA approval to market Sernivo spray, used in treatment of skin disorder. Shares of Dr Reddy’s Labs closed 1.24 per cent down at Rs 3,070.65.

Marsons: Marsons shares hit upper circuit on Monday after it informed BSE that the company has bagged order worth Rs 25 crore from RRVPIML a Rajasthan State Utility for supply of 19 nos. 25 MVA 132/33 Kv class Power Transformers.

Mahindra and Mahindra: Mahindra and Mahindra’s (M&M) South Korean subsidiary SsangYong Motor, is reportedly planning to invest $1 billion over the next three-four years to develop new products to grow sales and turn profitable. SsangYong has been mired in losses for the past few years. M&M spent Rs 2,100 crore in 2010 to acquire a 70 per cent stake in SsangYong. The stake was later raised to 73 per cent. Shares of M&M closed 1.63 per cent down at Rs 1,197.55.

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