1. Top 10 stocks that trended in today’s trade: ABB India, Mphasis and more

Top 10 stocks that trended in today’s trade: ABB India, Mphasis and more

Mphasis shares gained 3.88 per cent on stake sale reports. According to reports, Blackstone, Apollo are in race with Tech Mahindra to acquire India’s Mphasis.

By: | Updated: February 4, 2016 5:12 PM
stocks in focus ABB India shares rallied as much as 18.5 per cent on Thursday after the company reported 53.57 per cent rise in net profit figures to Rs 129 crore for the fourth quarter ended December 2015 against Rs 84 crore in the same quarter last year.

The BSE Sensex and NSE Nifty snapped a three-day falling streak on Thursday on the back of value buying amid firm global markets. Besides, covering of short positions also supported market sentiment as the BSE Sensex closed 115.11 points up at 24338.43. Nifty settled 42.20 points up 7,404.

Below are the top 12 stocks that are in focus today

Orient Cement: Shares of the company closed 3.29 per cent down after it reported a net loss of Rs 13 crore for the quarter ended December 31, 2015, mainly due to finance and depreciation costs related to a new plant in Karnataka. The company had posted net profit of Rs 31.10 crore in the corresponding quarter a year ago.

ABB India: ABB India shares rallied as much as 18.5 per cent on Thursday after the company reported 53.57 per cent rise in net profit figures to Rs 129 crore for the fourth quarter ended December 2015 against Rs 84 crore in the same quarter last year.

Hexaware Technologies: Hexaware Technologies shares closed 5.21 per cent up at Rs 235.30 after the company on Wednesday (post trading hours) reported 13.87 per cent rise in its consolidated net profit figures to Rs 99.36 crore for the quarter ended December 2015. The company posted net profit of Rs 87.26 crore in the corresponding quarter a year ago.

Pfizer: Pfizer also remained in limelight after the company reported a two-fold increase in its Q3 profits year on year, from Rs 18.37 crore in Q3-FY14-15 to Rs 40.34 crore in Q3-FY15-16. The stock was up by more than 6.5 per cent intraday over the news.

Pharmaceuticals: Pharma stocks were trading under pressure after the United States government reportedly made it mandatory for Active Pharmaceutical Ingredients (API) to be manufactured locally. This decision is likely to significantly impact Indian pharmaceutical exporters as it will impact drug exports. The BSE Healthcare index declined by 1.56 per cent on Thursday.

Tata Power: Tata Power shares closed 3.5 per cent up after it informed the bourses that it has through its joint venture company Industrial Energy (IEL), has synchronized the 67.5 MW Unit 1 of its 3 x 67.5 MW IEL Kalinganagar project. These units are designed to cater to the requirement of LP steam, which is supplied to Tata Steel, which got commissioned from December, 2015. Sensex was trading 126.59 points up at 24,349.91. NSE Nifty was trading 44.25 points up at 7,406.05.

Bajaj Auto: Bajaj Auto reported 4.67 per cent rise in its net profit at Rs 901.49 crore for the quarter ended December 31, 2015 as compared to Rs 861.24 crore for the same quarter in the previous year. The company’s total income increased by 0.21 per cent to Rs 5,764.58 crore for the quarter under review from Rs 5,752.44 crore for the corresponding quarter of the previous year. Shares of Bajaj Auto closed 1.62 per cent down at Rs 2,310.

Dish TV: Dish TV shares closed 3 per cent up after the company on Wednesday reported a net profit at Rs 100.39 crore for the quarter ended December 31, 2015 as compared to net loss of Rs 2.87 crore for the same quarter in the previous year.

SPARC: Shares of Sun Pharma Advanced Research Company (SPARC) closed 4 per cent down after it reported a net loss of Rs 41.02 crore for the quarter ended December 31, 2015 as compared to net loss of Rs 18.91 crore for the same quarter in the previous year.

Mphasis: Mphasis shares gained 3.88 per cent on stake sale reports. According to reports, Blackstone, Apollo are in race with Tech Mahindra to acquire India’s Mphasis.

 

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