The BSE Sensex and NSE Nifty gave up their early morning gains to close in negative terrain on Monday ahead of RBI monetary policy review slated for Tuesday. Sensex closed 45.86 points down to end at 24,824.83 in a choppy trade, while Nifty settled 7.60 points down to 7,555.95.
Below are the top 9 stocks that are in focus today
Suzlon Energy: Shares of the company ended 8.37 per cent down at Rs 18.60 after its consolidated net loss has narrowed down to 113.17 crore for the third quarter ended December 31, on the back of increased volume and better operating margins.
Ipca Laboratories: Shares of the drug company hit 52-week low and were trading 4.40 per cent at Rs 639.45 (1.37 pm) after it received warning letter from the US health regulator for three facilities on which the regulator had earlier imposed a import ban for not adhering to the good manufacturing norms. Later, the scrip settled 2.02 per cent down at Rs 655.35.
Glenmark Pharmaceuticals: Stocks of the drug company rallied 3.97 per cent at Rs 801.50 (10.17 am) after HSBC upgraded the stock to ‘Buy’ from ‘Hold’. The scrip later settled 2.86 per cent up at Rs 792.95.
Maruti Suzuki: Shares of the car maker shares fell over 2 per cent (at 10.54 am) after the company reported 2.5 per cent year-on-year decline in its January 2016 sales figures to 1,13,606 units. Later, the scrip settled 3.68 per cent down at Rs 3946.80.
Just Dial: Shares of the company closed 7.02 per cent down at Rs 565.90. The local search engine provider on January 28 reported 16.02 per cent year-on-year fall to Rs 26.99 crore in its net profit figures for the quarter ended December 2015. The company posted bottom line of Rs 32.14 crore in the same quarter last year.
Larsen & Toubro: Stocks of the Engineering and construction giant closed 1.81 per cent up at Rs 1122.15 after it reported a 19 per cent rise in consolidated net profit at Rs 1,034.8 crore for the quarter ended December 31.
Birla Corp: Stocks of the company closed 2.02 per cent up at Rs 401.45 after it reported a 56 per cent drop in net profit at Rs 6.57 crore for the quarter ended December 31, 2015.
EIH: Stocks of the hospitality major settled 2.66 per cent down at Rs 113.35 after it said it will close Oberoi, New Delhi for two years for major renovations of the property.
Dewan Housing Finance Ltd (DHFL): DHFL, which owns 74 per cent in DHFL Pramerica Life Insurance (DPLI), is in advanced talks for selling 23 per cent stake to its US-based partner Prudential Financial. The scrip later settled 3.97 per cent up at Rs 190.95.