1. 7 top stocks that remained in focus today: GMR Infrastructure, Spicejet and more

7 top stocks that remained in focus today: GMR Infrastructure, Spicejet and more

SpiceJet shares closed 5.07 per cent down at Rs 63.70 on reports that the company has allegedly defaulted on payments to the Airports Authority of India (AAI) towards landing, parking and route navigation charges, among others, and its total dues stand at Rs 155.49 crore.

By: | Updated: December 11, 2015 4:55 PM
Stocks in focus

SpiceJet shares closed 5.07 per cent down at Rs 63.70 on reports that the company has allegedly defaulted on payments to the Airports Authority of India (AAI) towards landing, parking and route navigation charges, among others, and its total dues stand at Rs 155.49 crore.

The BSE Sensex and NSE Nifty slumped on Friday as investors remained cautious ahead of upcoming macro-economic data coupled with the logjam in Parliament over GST passage and a likely US rate hike. Sensex ended 207.89 points down at 25,044.43; whereas Nifty50 slumped 72.85 points to settle at 7,610.45.

Below are the top 6 stocks that remained in focus in Friday’s trade

GMR Infrastructure: Share price of the company was trading 0.32 per cent up at Rs 15.85 in morning trade after it informed BSE that the management committee of the board of directors of the company has approved the allotment of foreign currency convertible bonds to Kuwait Investment Authority as per the terms disclosed in the Company’s announcement dated December 04, 2015. Later, the share price of the company closed 3.80 per cent down at Rs 15.20.

Texmaco Rail and Engineering: Share price of the company were trading up 6.58 per cent at Rs 147.30 in early trade. The share price of the company jumped after it informed BSE on Thursday post market hours that a four-company consortium of Texmaco Rail & Engineering, Kolkata, Hitachi Ltd, Mitsui & Co and Hitachi India, a Hitachi subsidiary has won a contract for the design and construction of Signal and Telecom works – STP5, a part of the dedicated freight corridor traversing India’s biggest industrial cluster between Delhi and Mubai from the Dedicated Freight Corridor Corporation of India. The share price of the company later closed 1.17 per cent up at Rs 38.80.

Titan Company: Shares of the company gained as much as 4.21 per cent in the morning trade after the company informed BSE that the Reserve Bank of India has permitted foreign institutional investors (FIIs) to invest upto 35 per cent of the paid up capital under the Portfolio Investment Scheme. Later, the scrip settled 2.66 per cent down at Rs 353.05.

Suven Life Sciences: Shares of the company closed 1.55 per cent up at Rs 254.80 after the company announced that it has secured four product patents in Eurasia, Europe, Israel and Macau for the treatment of disorders associated with Neurodegenerative diseases. The patents will be valid through 2030.

Auto stocks: Shares of the auto companies remained in focus as the National Green Tribunal ordered that diesel-run vehicles will not be registered in Delhi and there will be no renewal of registration of such vehicles which are more than 10-year-old. Reacting on the news, the share price of Mahindra and Mahindra and Ashok Leyland declined 1.92 per cent and 2.98 per cent to Rs 1,266.20 and Rs 86.40 on Friday. Car maker Maruti Suzuki shares fell 0.34 per cent to Rs 4,481.40. On the other hand, share price of city-based CNG provider Indraprastha Gas climbed nearly 3.32 per cent to Rs 481.15.

SpiceJet: Share price of the low-cost airline closed 5.07 per cent down at Rs 63.70 on Friday on reports that the company has allegedly defaulted on payments to the Airports Authority of India (AAI) towards landing, parking and route navigation charges, among others, and its total dues stand at Rs 155.49 crore.

Steel companies: Share price of steel majors gained on reports that government is likely to impose more curb on steel imports. Tata Steel, SAIL and JSW Steel ended 3.41 per cent, 1.47 per cent and 0.90 per cent up at Rs 240.95, Rs 45 and Rs 968.50, respectively. The BSE Metal index closed 0.23 per cent up at 6902.75.

 

  1. H
    Harry Potter
    Dec 11, 2015 at 1:42 pm
    L&T bres have displa geriatric trait of biting more than they can chew. Later cry foul policies, political situations etc. Hydrocarbon projects losses of 900 cr, they concede it as error of judgment, underestimating risks, aggressive bidding, and overestimating capabilities. Cost overruns in Hyderabad/Riyadh metro, 5k cr of stagnating investment in defence - they want to build ‘India’s defence capabilities’ – please do BUSINESS of profits. GoI is under no obligation to commit fixed orders. Laxmi Mittal the steel magnet have no time to cry/blame - dead busy expanding his empire from north pole to south pole, no less India lover, still holds Indian Pport, will do business in India at right time. Why L&T is asking for VGF? Do your calculations bear risk – simple. Jeff Bezos – Amazon CEO- “when asked whether doing business was easy in India, he said, ''doing business is not easy anywhere. Every country has its quirks, differences and uniqueness, companies must work around them".------------------------Even self-confessed Avatar Purush like Chairman A M Naik seems to be failing to manage L&T - Mr Naik's views on succession - why Mr Naik is slogging at 73 – Quote- You find a man in the world who will kill himself four times a day, has worked for more than a hundred years-- There is no such person.-- None of us here (at senior level) are working for money -UnQuote. LnT stock touched 18 month low of 1331 (Nov 14 2015) , from all-time and 4 months peak of 1879 (July 10 2015). Lost whopping 29 percent in last 4 months. Net debt as on 30 Sep 201598 thousand crores. Would it hit 3 yr low of 722 in a quarter or two?--------------------------------------------------L&T in melting - devil or the deep blue sea - stake or post losses. Complete stake at Dhamra Port (Rs 2500 crores) to Adani group saved LnT from posting losses in q1-2014. LnT Inra stake to Canadian FII (2000 crores) saved LnT from posting losses in q2-2014. LnT Finance not made any money for shareholders in 6-7 yrs, 10% stake sold to Bains, 1300 crores. Kuttapali Port deal final with Adani. On a look out to sell Rajpura Power plant – cost 9600 crores. Plans to sell 15% stake at LnT Infotech to raise 2k crores. Threatened to pull out from Hyderabad Metro 16 k crores, LnT opts out of GAIL tender to build LNG carrier, ss Kachchigarh Gujarat port project. L&T’s commercial real estate project in Chandigarh sold to Carnival Group – Rs 1785 crores. LnT Halol Shamlaji Tollway defaults on Rs 1014 crore loan. LnT Chennai Tada Tollway defaults on Rs 475 crore loan. Inherent malignancies – Hydrocarbon and Ship Building losses of Rs 900 cr each, Hyderabad Metro cost overruns Rs 4k crores, Rs 5k crores stagnating investment in Defence. Financial mismanagement charges see a dozen leaving L&T Hydrocarbon arm. Aging CXO-MD potion of septuagenarians, leading the pack 73 yrs old Chairman Mr Naik completed 50 yrs with LnT as Paid Employee. LnT stock touched 18 month low of 1412, from all-time and 3 months peak of 1879. Total consolidated debt 2014-15, 90.7 thousand crores. Lost whopping 20 percent in last 3 months ! Post Q2-2015 results 3 yr low of 722 ?? Another Satyam in making - L&T like Styam was barred by World Bank over FORGERY !--------------------------------------------------------------------------------L&T Chairman (aged 73) Mr Naik-s brainchild, LnT Infotech is stunted juvenile. Founded as LnT-IT in late 80s, renamed to LnT Infotech in 1997 claiming to touch $1 billion in revenues since 2010 – still not there. Cognizant founded in 1997 is more than $10 billion in revenues. Sans DNA destruction of work culture and mockery of corporate governance at LnT, LnT Infotech could be what TCS is for TATAgroup companies, a great saviour for old-economy TATA companies. LnT Infotech a proven laggard, in news for failed attempt to bid for Satyam, Patni, Polaris, Hexaware, rumoured sell off to Fujitsu. Perennial entry/exit of lateral CXOs, listing gimmicks – it’s in shambles. Year 1999, Mr Naik appointed CEO of LnT group, Infosys headcount in March 2000 nearly 5k, now nearly 1.7 lakhs and LnT Infotech is nearly 20k. What policy paralysis, RBI rates etc Mr Naik wants to blame for this most dismal performance in IT space? LnT has failed to cut even 1% of IT business pie of $116 billion in India. LnT Infotech in IT space for more than quarter of a century (25 years) and not even $1 billion in revenues, headcount less than 20k! Please GOOGLE – white collar criminal equivalent of rape and murder- “Cl Action Suit Seeks $100 Million for Pregnancy Discrimination, Other Violations”. All and sundry above 60 at L&T Leave Now!!-----------------------------------------------------------------------------------People who have invested in L&T stock have either lost or gained less than zero risk FD investment in 5-6 years. Only exception are L&T top bres - LnT top-bres were on selling spree, Chairman Mr Naik sold his LnT shares worth 70 crores in 20 days - March 2014. Same is applicable to only other listed company of the group L&T Finance, not made any money for investors for last 6 years. No impacts on tenures of top bres nearly or above 70 yrs. LnT stock touched 18 month low of 1276 (Dec 11 2015) , from of 1879 (July 10 2015). Lost whopping 29 percent in last 4 months. Total consolidated debt 2014-15, 98 thousand crores. Would it hit 3 yr low of 722 in a quarter or two?----------------------------------------------------------------L&T is an example of brazen disregard for merit and professionalism , a mockery of corporate governance. L&T legacy of true founders Danish engineers Mr Ln and Mr Toubro is in clutches of despotic geritocracy. Leading the pack of engineers who joined L&T in 60s is Chairman Mr Naaik. State owned LIC and UTI are biggest stakeholders, upto 10 and 17% each. Mr Naik's views on succession - why Mr Naik is slogging at 73 – QUOTE- You find a man in the world who will kill himself four times a day, has worked for more than a hundred years-- There is no such person.-- None of us here (at senior level) are working for money -UNQUOTE. Please refer ToI article – Vibrant Gujarat summit Day 1: 25 private jets bring high-flyers. Excerpts –Cabinet ministers arrived via scheduled flights -- private jet of AM Naik left immediately after arriving –. State owned LIC/UTI are biggest stakeholders at L&T, PM Mr Modi should intervene to restore insutional integrity at L&T and fix retirement age to 60. It is like BCCI a cozy club of septuagenarians, all above age of 60 should be smoked out of L&T----------------------Please GOOGLE - L&T fraud / forgery /harment / risk / succession / default to know more about blood curdling Egyptian Mummies. Like Satyam (India's biggest accounting fraud) L&T was also barred by the World Bank over forgery. PM Mr Modi should intervene to restore insutional integrity at L&T. It is like BCCI a cozy club of septuagenarians, all above age of 60 should be smoked out of L&T. All above 60 at L&T Leave Now!!
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