1. Top 10 stocks that trended in today’s trade: IOC, BoB, Adani Ports and more

Top 10 stocks that trended in today’s trade: IOC, BoB, Adani Ports and more

NMDC shares closed 14.10 per cent up at Rs 89.80 after the state-run iron ore miner posted 58.8 per cent decline in standalone net profit at Rs 655.04 crore for the quarter ended December 31, 2015.

By: | Updated: February 15, 2016 5:38 PM
Stocks that made news

NMDC shares closed 14.10 per cent up at Rs 89.80 after the state-run iron ore miner posted 58.8 per cent decline in standalone net profit at Rs 655.04 crore for the quarter ended December 31, 2015.(Photo: Reuters)

The BSE Sensex and NSE Nifty closed on a strong note on Monday tracking global cues amid value buying. Sensex jumped 568 points, its biggest single-day gain in over a year, to close at 23,554.12, while Nifty surged 182 points to 7,162.95 . How stock markets performed today, click here

Below are the top 10 stocks that trended in today’s trade:

Indian Oil Corporation: Shares of the company surged as much as 10 per cent intraday after the oil marketing company reported 215.93 per cent rise in net profit figures for the quarter ended December 2015. The company reported net profit of Rs 3056.86 crore in October-December 2015 against net loss of Rs 2636.80 crore in the same quarter last year. Later, the share price of the company closed 6.55 per cent up at Rs 388.55.

Torrent Pharmaceuticals: Shares of the company ended 5.65 per cent up at Rs 1301.50 after it informed BSE that the Gujarat High Court has sanctioned the scheme of Amalgamation of Zyg Pharma with the company.

Adani Ports and Special Economic Zone: Stocks of the company settled 7.02 per cent up at Rs 191.25 after it reported a 26 per cent jump in its consolidated net profit to Rs 644.96 core for the quarter ended December 2015 on the back of increased income. According to Reuters, Macquarie has upgraded stock to “Outperform” from “Neutral”.

Bank of Baroda: Stocks of the public sector bank ended 22.04 per cent up at Rs 139.55 despite posting its its highest ever quarterly loss of Rs 3,342 crore for the quarter ended December 2015. The bank earned Rs 333.98 crore in the corresponding quarter last year. However, the stocks of the country’s second-largest lender defied the loss after the management said that all non-performing assets were accounted for and it could return to profitability next fiscal.

ITC: Diversified group is looking to invest Rs 800 crore in Odisha over the next few years to set up a hotel property and a food processing park in the state, a top official said. The scrip of the company closed 1.15 per cent up at Rs 303.70.

Hindustan Petroleum (HPCL): Despite a Rs 1,200 crore inventory loss due to a steep fall in global crude prices, the company swung back into black with a Rs 1,042.26 crore profit for the December quarter. The scrip later ended 5.74 per cent up at Rs 728.35.

NMDC: Shares of the company closed 14.10 per cent up at Rs 89.80 after the state-run iron ore miner posted 58.8 per cent decline in standalone net profit at Rs 655.04 crore for the quarter ended December 31, 2015, due to fall in iron ore prices.

Dewan Housing Finance (DHFL): Shares of the mortgage lender closed 3.92 per cent up at Rs 158.90 after it expects a five-fold jump in small and medium enterprises (SME) loans by 2018 as part of its business diversification plan. In just one year, DHFL’s SME lending business has grown to over Rs 1,100 crore. The company has a customer base of nearly 1,200 units spread across tier II and III markets.

Punj Lloyd: Infrastructure major saw its net loss widening to Rs 300 crore for the quarter ended December 31, 2015 on factors including decreased income and delay in award of projects. Later, the scrip ended 1.11 per cent down at Rs 22.30.

Metal stocks: Vedanta shares led the metal pack on Monday with a gain of 18.25 per cent at Rs 74.85, Jindal Steel (up 13.80 per cent), Tata Steel (up 13.01 per cent) and Hindalco (up 9.59 per cent). Rest all other metal stocks also closed in positive zone. Sensex advanced 2.47 per cent, or 568 points, to 23,554 on Monday.

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