The BSE Sensex and NSE Nifty fell over 1 per cent for a third straight session on Wednesday over worries about public sector banks that were hit hard due to rise in their bad loans amid global sell-off. Sensex closed 262 points down at 23,758.90, while Nifty settled 76.80 points down at 7221.40.
Below are the top 10 stocks that hogged limelight today
Hotel Leelaventure: Stocks of the company closed 5.34 per cent up at Rs 18.75 after it reported net profit of Rs 162.19 crore for the third quarter ended December 31, 2015-16, on account of an exceptional gain from the sale of Goa hotel.
NBCC: State-owned construction firm NBCC on Wednesday reported 13.56 per cent increase in consolidated net profit to Rs 57.28 crore for the quarter ended December. The scrip of the company settled 4.64 per cent at Rs 888.00.
Cipla Ltd: Shares of the drug company ended 3.17 per cent down at Rs 538.85 ahead of its December quarter earnings. According to Reuters estimates, Cipla’s net income may may come in at Rs 414 crore as against expected Rs 428 cr.
Hinduja Global Solutions: Shares of the company tanked 14.32 per cent at Rs 390.80 after the company reported 67.60 per cent fall in its net profit figures at Rs 171 crore for the quarter ended December 2015. The company earned Rs 528 crore in the corresponding quarter a year ago.
Punjab National Bank (PNB): Stocks of the bank extended losses and closed 8.99 per cent down at Rs 79.95 after it reported a 93.41 per cent decline in net profit at Rs 51.01 crore for the third quarter ended December 31, on account of higher provisioning for bad loans.
Allahabad Bank: Stocks of the public sector bank were trading 10.69 per cent down at Rs 45.55 (9.36 am) after the company reported a loss of Rs 486.14 crore for the third quarter ended December 31, due to higher provisioning against bad loans. The scrip later settled the day 9.61 per cent down at Rs 46.10.
Eros International Media: Shares of the company corrected over 10 per cent on Wednesday after the company on Tuesday reported 65 per cent fall in its net profit figures to Rs 37.77 crore for the quarter ended December 2015 against Rs 109.34 crore in the corresponding quarter a year ago.
Hindalco: Aditya Birla Group firm Hindalco Industries on Tuesday reported 88.74 per cent plunge in standalone net profit to Rs 40.46 crore for the quarter ended December 31, 2015, due to a sharp fall in metal prices. Later, the scrip ended 4.22 per cent down at Rs 67.
Apollo Tyres: Apollo Tyres on Tuesday reported a 51.35 per cent increase in consolidated net profit at Rs 278.5 crore for the third quarter ended December 31, 2015. Later, the scrip settled 10.70 per cent up at Rs 149.50.
Ambuja Cements: Stocks of the company were trading 2.51 per cent down at Rs 192.45 (9.45 am) ahead of its third quarter results. Later, the scrip settled 1.44 per cent down at Rs 194.55.