1. Top 10 stocks that made news today: Axis Bank, Natco Pharma and more

Top 10 stocks that made news today: Axis Bank, Natco Pharma and more

Exide Industries shares closed 4.20 per cent down at Rs 119.75 after it reported a 37.76 per cent increase in its net profit at Rs 133.95 crore for the third quarter ended December 31.

By: | New Delhi | Updated: January 21, 2016 4:52 PM
Stocks in focus

Exide Industries shares closed 4.20 per cent down at Rs 119.75 after it reported a 37.76 per cent increase in its net profit at Rs 133.95 crore for the third quarter ended December 31. (Photo: Reuters)

The BSE Sensex wiped off its early morning gains and closed 100 points down on Thursday on fresh selling pressure amid weak global cues. Sensex fell 99.83 points to end at 23,962.21, while Nifty dropped 32.50 points to close at 7,276.80.

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

Kalpataru Power Transmission (KPTL): Shares of KPTL closed 1.94 per cent down at Rs 187.20 after it secured new orders of approximately Rs 1,295 crore. The company has received order for establishment of Transmission system strengthening for transfer of power from New Hydro-electric power projects in Bhutan to India.

Exide Industries: Shares of the battery maker closed 4.20 per cent down at Rs 119.75 after it reported a 37.76 per cent increase in its net profit at Rs 133.95 crore for the third quarter ended December 31.

Mahindra & Mahindra Financial Services: Share price of the company closed 5.36 per cent down at Rs 208.20 after the company reported 38 per cent fall in its consolidated net profit figures to Rs 96.43 crore against Rs 156.78 crore in the corresponding quarter a year ago.

Axis Bank: Stocks of the bank closed 5.21 per cent up at Rs 408.90 after it reported a 15 per cent rise in net profit at Rs 2,175 crore for the December quarter. Net profit for the same quarter last fiscal stood at Rs 1,900 crore.

Natco Pharma: Shares of the company settled 2.29 per cent up at Rs 518.50 as it has signed a non-exclusive licensing agreement with the Medicines Patent Pool (MPP) and Bristol-Myers Squibb to manufacture and sell generic versions of Daclatasvir, used for the treatment of chronic hepatitis C.

Glenmark Pharma: Shares of the pharma company ended 5.90 per cent down at Rs 739.85 after it received final approval from the USFDA to manufacture and market Potassium Chloride extended release capsules and oral contraceptive Norethindrone Acetate and Ethinyl Estradiol tablets in the American market.

Nucleus Software Exports Ltd: Shares of the company closed 1.20 per cent at Rs 230.60 as it has informed BSE that the Board of Directors has agreed for a proposal to acquire a mobile technology solutions Company, subject to the terms and conditions.

MMTC: Stocks of the company ended 2.06 per cent up at Rs 39.70 as it has divested its 10% equity stake in its Joint Venture Company (JVC) – Indian Commodity Exchange (ICEX) amounting to Rs 10 crore face value at a sum of Rs 20 crore to the two bidders who participated in the Global Tender Process floated by the company earlier. With this the company has a stake of 16% in ICEX as on date.

Suzlon: The open offer by billionaire Dilip Shanghvi-controlled entities along with promoters of Suzlon for 157.64 crore shares managed to get only 4,295 offers. It, however got the entire 100 crore shares or 16.49 per cent preferential issue fully subscribed, stated a post offer statement issued by the company. Shares of the company were closed 1.59 per cent down at Rs 18.55.

Hindustan Zinc: The company reported 23.87 per cent fall in its net profit at Rs 1,811.39 crore for the quarter ended December 2015 as compared to Rs 2,379.37 crore for the same quarter in the previous year. The scrip settled 3.28 per cent up at Rs 143.45.

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    Jan 21, 2016 at 4:29 am
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