1. Top 8 stocks that trended in today’s trade: Texmaco Rail, Suven Life Sciences and more

Top 8 stocks that trended in today’s trade: Texmaco Rail, Suven Life Sciences and more

Suven Life Sciences shares closed with a gain of 1.09 per cent at Rs 263.35 after the drug firm got patent rights in foreign countries for a neuro-degenerative drug.

By: | New Delhi | Updated: January 5, 2016 5:11 PM
Sensex, market capital

Suven Life Sciences shares closed with a gain of 1.09 per cent at Rs 263.35 after the drug firm got patent rights in foreign countries for a neuro-degenerative drug. (Photo: Reuters)

The BSE Sensex and NSE Nifty closed lower on Tuesday as overall market sentiment remained cautious due to continued worries about China’s markets. Sensex fell 43.01 points to end at 25,580.34, while Nifty shed 6.65 points to settle at 7,784.65.

Below are the top 8 stocks that remained in focus today

SITI Cable: Shares of SITI Cable Network surged to a 52-week high level in morning trade on the bourses after the Reserve Bank allowed foreign investors to buy up to 49 per cent in the companyLater, the share price of the company closed 5.30 per cent up at Rs 38.75.

Capital First: Shares of the company closed 2.50 per cent up at Rs 426.75 after it raised Rs 300 crore by issuing non-convertible debentures (NCDs) on private placement basis.

Suven Life Sciences: Shares of the drug company closed 1.09 per cent up at Rs 263.35 after the drug company secured product patents from Canada, South Korea and ARIPO corresponding to the New Chemical Entities (NCEs) for the treatment of disorders associated with Neurodegenerative diseases.

Texmaco Rail & Engineering: Shares settled 3.61 per cent up at Rs 152 after it informed the bourses that it has entered into definitive agreement and acquired 55 per cent shareholding in Bright Power Projects (India). After this, Bright Power has become a subsidiary of the company with effect from January 4, 2016.

Videocon Industries: The company’s stocks were trading 1.24 per cent up in early trade at Rs 122.25 as it has restructured its $194.4 million foreign currency convertible bonds (FCCBs) by repaying half the amount in cash and redeeming the rest in new five-year bonds at lower cost, its advisors said on Tuesday. Later, the scrip settled 0.66 per cent up at Rs 121.55.

Welspun Corp: Shares of the company was in the limelight as it said that it has received tax demand notice of Rs 100 crore in respect of a manufacturing unit in Anjar, Gujarat. Reacting to the news, the shares fell over 3 per cent, but later wiped off the losses and closed 3 per cent up at Rs 113.30.

 

MOIL Ltd: Shares of the state-run company closed 3.09 per cent up at Rs 219.95 after it slashed prices of various grades of manganese ore by up to 10 per cent for the January-March quarter. In a filing to the BSE, country’s largest manganese producer said it has reduced the prices of all ferro grades of ore by 10 per cent over previous quarter (October-December 2015) prices.

BHEL: Shares of the company closed 0.82 per cent up at Rs 166.45 after it commissioned a 600 MW unit at Kakatiya Thermal Power Project, Telangana.

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