The BSE Sensex and NSE Nifty remained under pressure on Monday following worries over China’s economic slowdown and geopolitical tensions in the Middle East combined to spook investors. Sensex closed 537.55 points down to settle below 26,000-level, whereas Nifty plunged 171.90 points to end at 7,791.30.
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Below are the 6 stocks that remained in focus today
Eicher Motors: Share price of the company gained as much as 3.5 per cent on Monday after the company’s motorcycle division Royal Enfield on Friday reported a 41 per cent jump in total sales in December 2015 at 40,453 units, as against 28634 units in the same month last year.. Later, the scrip settled 0.81 per cent up at Rs 17506.25.
Ashok Leyland: Shares of the company ended 3.61 per cent up at Rs 91.95 after Hinduja Group flagship firm on Saturday reported a 31.4 per cent increase in total sales t 12,209 units in December 2015.
Tata Motors: Stocks of the auto major closed 6.10 per cent down at Rs 377.15 after the company on Friday reported 4 per cent decline in sales at 39,973 units for December compared to 41,734 vehicles in December 2014. The share price was also hit after China stocks slumped 7 per cent after country’s factory activity contracted for the 10th straight month in December, and at a sharper pace than in November, a private survey showed, dampening hopes that the world’s second-largest economy will enter 2016 on steadier footing. China is a key market for its Jaguar Land Rover (JLR) sales.
Thomas Cook: Stocks of the travel and leisure firm was trading 0.95 per cent up at Rs 206.90 after the company said its Bengaluru-based arm Quess has gained full control of US-based IT applications and outsourcing firm MFXchange Holding by acquiring an additional 51 per cent stake for an undisclosed sum. Later, the share price of the company closed 0.37 per cent down at Rs 204.20
IRB Infrastructure Developers: Stocks of the company were trading 8.21 per cent at 264.95 (9.32 am) after it said it has received Rs 10,050 crore road project in Jammu and Kashmir. The project involves construction of a tunnel spanning a length of 14.08 kilometers. The company will receive semi-annual annuity of Rs 981 crore after the completion of construction of the project. The scrip settled 5.25 per cent up at Rs 257.70.
SpiceJet: The low-budget airline, which has activated plans to place orders for new planes to expand its fleet strength, is considering Embraer jets for its fleet among others. The share price of the company closed 1.15 per cent up at Rs 81.40.