Domestic equity markets opened for the day once again absolutely flat over Wednesday’s closing levels and remained range bound for most part of the trading session and rallied in the last hour owing to stock specific action on the occasion of derivatives closing. Sensex closed 157.51 points up at 26,117.54, while Nifty settled 50.10 points up at 7,946.35.
Below are the top 8 stocks that remained in news today:
JMT Auto: Shares of JMT Auto closed 3.26 per cent down on Thursday after the troubled auto components maker Amtek Auto has pledged its entire stake of nearly 71 per cent in group firm JMT Auto with IL&FS Trust Company.
Cadila Healthcare: Cadila Healthcare shares fell nearly 15 per cent after the pharma company informed stock exchanges that it has received a warning letter from the US FDA relating to its Moraiya formulation facility and Ahmedabad API facility (Zyfine).
Jet Airways and Godrej Consumer Products: Jet Airways rose 6.84 per cent while Godrej Consumer Products gained more than 3 percent after they were included in the NSE derivatives markets.
Petronet LNG: Gas importer Petronet LNG will buy liquefied natural gas (LNG) from Qatar’s Rasgas at virtually half the original cost, the government said in a statement on Thursday. The price cut will help Petronet save Rs 4,000 crore ($604.69 million) a year. The share price of the company settled 3 per cent up at Rs 254.85.
Ramco Cements: The company is reportedly planning to setup a 0.9 Mta cement grinding plant at Choudwar, district Cuttack, Odisha. The estimated cost of the project is Rs 406 crore ($61.21 million). The project has received clearance from the Government of Odisha, with construction set to commence in Q1 2016. The share price of Ramco Cements closed nearly 4 per cent up at Rs 392.50.
INOX Leisure: INOX Leisure informed that it has commenced the commercial operations of a Multiplex Cinema Theatre, taken on Lease basis, and located at Sobha City Mall, Thrissur with effect from December 31, 2015. The said Multiplex Cinema Theatre has 6 screens and 1,368 seats. INOX, along with Satyam Cineplexes Limited, is now present in 57 cities with 105 multiplexes, 413 screens and a total seating capacity of 107,576 seats across India. The share price of INOX closed 0.08 per cent down at Rs 238.25.
Orchid Pharma: The share price of the pharma company gained nearly 10 per cent on Thursday after it informed BSE that it has received the Establishment Inspection Report (EIR) from USFDA based on the successful inspection closure for the formulation manufacturing facility located at Irungattukottai, Sriperumbudur, Kancheepuram District, India. The facility was inspected by USFDA in the month of May 2015.