Rising for the first time in five sessions, the benchmark BSE Sensex today rose by 82.50 points to recover from 19-month lows on value-buying in recently beaten-down stocks, led by Tata Motors, RIL and ITC. Sensex closed 82.50 points to close at 24,934.33, while Nifty climbed 33.05 points to settle at 7,601.35.
Below are the 8 top stocks that remained in focus today:
Tech Mahindra: Stocks of the company closed 2.12 per cent up at Rs 522.30 after the software firm entered into a strategic alliance with US-based MetricStream to deliver governance, risk and compliance (GRC) solutions across the globe.
Axis Bank: Stocks of the private lender closed 1.10 per cent up at Rs 413.85 as government is considering diluting its 11.7 per cent stake in Axis Bank it holds through the Specified Undertaking of the Unit Trust of India (SUUTI) to meet shortfall in disinvestment proceeds and revenue collection during the current fiscal.
Tata Steel: Stocks of the company closed 1.44 per cent up at Rs 253.70 after it claimed that its Sukinda Chromite Mine (SCM) in Odisha’s Jajpur district has become the first mine in India to roll out a pilot project on Sustainable Development Framework (SDF), a concept proposed and promoted by Union Mines Ministry for the development of culture of sustainable mining.
Lupin: The drug major received final approval from the US health regulator to market generic version of Warner Chilcott’s oral contraceptive Generess Fe in the American market. Its shares ended 0.33 per cent down at 1712.70.
Glenmark Pharmaceuticals: Shares of the company ended 1.01 per cent down at Rs 857.80 after it on Friday announced discovery and initiation of enabling studies of an investigational new drug (IND) molecule targeted at cancer treatment.
Larsen & Toubro (L&T): Shares of the company closed 2.19 per cent down at Rs 1179.85 after CLSA’s strategist Christopher Wood replaced L&T with Reliance Industries in his Asia ex-Japan long-only portfolio. Sensex was trading 86.71 points up at 24,938.54, while NSE Nifty was trading 25.05 points up at 7,593.35.
IVRCL Ltd: Shares of the company closed 5.35 per cent at Rs 9.85 after the company has bagged orders worth Rs 350.96 crore under its Irrigation Division and Water Division.
Canara Bank: Shares of the company shares closed 0.55 per cent up at Rs 220.15 after it informed BSE that as per the powers delegated by the Board of the Bank, the Bond Committee has decided to raise Basel III Compliant Tier -II Bonds amounting to Rs 900 Crore (as Series – II) by way of Private Placement.