The BSE Sensex and NSE Nifty closed over 1 per cent up on Friday as a rebound in commodity prices and Bank of Japan’s (BoJ) bold move to adopt negative interest rates to stimulate the Japanese economy stoked global risk appetite for equities. Sensex rallied 401.12 points to close at 24,870.69, while NSE Nifty climbed 138.90 points to settle at 7,563.55.
Below are the top 12 stocks that are in focus today
Bharti Airtel: Shares of the company closed 0.55 per cent down at Rs 289.70 after the company reported an over 22 per cent fall in net profit for the December quarter.
Maruti Suzuki India: Stocks of country’s largest carmaker were trading 1.85 per cent down at Rs 4017.90 in early trade after it reported a 27.1 per cent jump in net profit at Rs 1,019.3 crore for the third quarter ended December 2015, driven by robust sales, cost reduction initiatives and favourable foreign exchange. Later, the scrip closed 0.10 per cent up at Rs 4097.45.
Financial Technologies: Shares of the company closed 9.03 per cent up at Rs 105.00 after it exited Dubai Gold Exchange by selling its 27.3 per cent stake for $10 million (about Rs 75 crore) to Dubai Multi Commodities Centre (DMCC).
ICICI Bank: Stocks of country’s largest private sector lender closed 1.22 per cent down at Rs 230.10 after the bank’s bad loans rose 4.72 per cent in December quarter versus 3.77 per cent in previous quarter.
Yes Bank: Shares of the private sector lender settled 10.89 per cent up at Rs 746.90 after it reported a 25.06 per cent increase in standalone net profit at Rs 675.74 crore in the third quarter ended December 31.
PVR: Shares of the multiplex operator closed 2.29 per cent up at Rs 753.35 after it reported 5.29 per cent decline in consolidated net profit at Rs 29.88 crore for the third quarter ended December 2015, due to sharp increase in tax expense.
TVS Motors: Shares of the two-wheeler company closed 0.05 per cent down at Rs 291.50 in morning trade after it reported results for third quarter ended December 31, 2015. The company reported 19.43 per cent rise in its net profit at Rs 107.70 crore for the third quarter as compared to Rs 90.18 crore for the same quarter in the previous year.
NTPC: The state-run company closed 1.32 per cent down at Rs 142.20 after it reported 18.90 per cent decline in standalone net profit at Rs 2,492.87 crore for the third quarter ended December due to decline in revenue from the power generation segment.
IRB Infrasturcture Developers: Stocks of the company closed 3.69 per cent up at Rs 243.35 after it reported 27.95 per cent rise in consolidated net profit at Rs 169.60 crore for the quarter ended December 31 on the back of higher income from operations.
Engineers India: Shares of the company ended 0.52 per cent down at Rs 193.05 after the government on Thursday fixed the floor price of Rs 189 per share for selling its 10 per cent shareholding in Engineers India Ltd that would fetch it about Rs 637 crore. The floor price fixed for sale of 3.36 crore shares through an offer of sale (OFS) on January 29, is at a discount of 2.4 per cent to the closing price of Rs 194.05 on BSE on Thursday.
Vedanta Ltd: Metals and mining conglomerate reported a steep 98.9 per cent fall in its consolidated net profit at Rs 17.91 crore for the third quarter ended December, weighed down by challenging market conditions. Share price of the company closed 6.62 per cent up at Rs 71.70.
Shoppers Stop: Shares of the retail chain group 3.26 per cent up at Rs 392.50 after it reported 71.31 per cent jump in net profit at Rs 23.59 crore for the third quarter ended December 31, driven by festive season sales.