The BSE Sensex and NSE Nifty closed in positive zone on Monday to post their highest gain in over three weeks following renewed buying in financial and pharma stocks ahead of F&O expiry on Thursday. Sensex climbed 195.42 points to close above 26,000 at 26,034.13, while Nifty settled 64.10 points up at 7,925.15.
Below are the top 8 stocks that trended in today’s trade
Max India: Share price of the company closed 3.54 per cent up at Rs 513.65 after it on Thursday said that it has got High Court approval for restructuring and the company’s demerger into 3 separate listed entities will be effective from January.
Steel Strips Wheels (SSWL): Shares of the company gained 3.08 per cent after the company informed BSE that it has bagged an order from Mahindra Tractors for their upcoming project. In a BSE filing, the company said, “It will be an additional order for tractor wheels for domestic market. The total expected volume from this program over a period of 7 years is 3,66,000 tractor wheels. The total order value of the program would be Rs 50 crore. Mass supplies are expected from January 2017.”
Pipavav Defence: Shares of the company gained over 7 per cent in the early trade after the company clarified over the Russian defence deal to the bourses on a Financial Express report dated Dec 24. The company said, “As part of the ongoing business development, including inter-alia Russian organisations, talks are on for multi-billion dollar contracts for building frigates and meeting other naval defence requirements for the country.” Later, the share price of the company closed 1.90 per cent down at 98.35.
SMS Pharmaceuticals: Stocks of the drug company ended 7.32 per cent up at Rs 132.00 after it received approval from the US Food and Drug Administration (USFDA) for its manufacturing facility located at Kandivalasa village in Vizianagaram district of Andhra Pradesh.
Tube Investments of India: Share price of the company settled 11.62 per cent up at Rs 446.60 after the Chennai-based company said it will sell 14 per cent of Cholamandalam MS General Insurance to its joint venture partner Mitsui Sumitomo Insurance Company of Japan for Rs 882.67 crore. The company’s board has approved the stake sale.
Tata Power: Shares of the company closed 1.88 per cent up after it on Thursday signed an agreement with Russia for energy projects in the country.
ONGC: Shares of the company ended 2.56 per cent up at 239.95 after its overseas investment arm, ONGC Videsh Ltd (OVL), said it is in talks to raise its stake in Russia’s second biggest oilfield of Vankor while Indian Oil Corp-Oil India are in negotiations for a stake in Taas-Yuriakh Neftegazodobycha oilfield in East Siberia as India looks to deepen energy ties with Russia.
Sunil Hitech Engineers: The company share price closed 1.44 per cent up at Rs 282.70 after it announced that it has bagged order worth Rs 83 crore for construction of 2,000 units G+3 (four Storey) Visthapit Awas by Jharia Rehabilitation and Development Authority, Dhanbad, Jharkhand. The project is likely to be executed over a period of 24 months.