The BSE Sensex and NSE Nifty fell on Wednesday as lenders such as State Bank of India declined on caution ahead of the unveiling of a new methodology for calculating lending rates while broader sentiment was also hit by continued worries about a US rate hike. Sensex closed 51.56 points down at 26,117.85, while NSE Nifty settled
23.55 points down to close at 7,931.35.
Below are the stocks that made news today:
SML Isuzu: Share price of the company closed 2.22 per cent down at Rs 1279.25 after it reported 28.14 per cent rise in November sales. The company sold 683 vehicles during November, 2015 against 533 vehicles sold in November, 2014.
Tata Steel: Shares of the company closed 2.46 per cent up at Rs 243.50 after its Singapore arm executed pacts worth $1.5 billion for refinancing its debt.
IL&FS Engineering and Construction Company: Shares of company ended 19.98 per cent up at Rs 72.05 after it bagged Rs 675 crore project from the Ministry of Road Transport and Highways (MoRTH).
Tree House: Shares of the company hit upper circuit again in early trade on Wednesday after it updated BSE that it has successfully received all amounts related to preschools and franchise operations that were outstanding as on September 30, 2015. The company also clarified that there was an error with respect to the promoters’ pledge of shares reported by BSE on their website.
Jyoti Structures: Lenders to the loss-making company have decided to convert Rs 307.6 crore of loans into shares at a value of Rs 26.90 apiece, a premium to the current market price, sources told FE. The move is part of a strategic debt restructuring (SDR), a scheme outlined by the Reserve Bank of India (RBI) earlier this year. The share price of the company later closed 7.91 per cent up at Rs 19.10.
Wockhardt: Shares of the company were trading 1.98 per cent up at Rs 1724.10 after its Chikalthana plant at Aurangabad in Maharashtra has received a good manufacturing practice (GMP) certificate from the UK health regulator after an inspection. Later, the share price of the company closed 0.70 per cent up at Rs 1702.50.
Tata Motors: Shares of the company closed 1.13 per cent down at Rs 412.70 after the company on Tuesday reported 6.71 per cent decline in sales at 38,918 units in November compared to 41,720 vehicles in the same month last year.
TVS Motor Company: Shares of the two-wheeler maker ended 4.87 per cent down at Rs 289.20 after heavy rains in Chennai forced plants to shut for the second time in less than a month. The company has reported 2.43 per cent increase in total sales at 2,25,401 units in November.
Natco Pharma: The drug major shares were trading 1.67 per cent down at Rs 515.50 (2.44 pm) after it suspended operations at its active pharmaceuticals ingredient plant due to Chennai rains.
Cox & Kings: Share price of the company was trading 2.91 per cent down at Rs 243.15 (2.47 pm) after UK Group Travel company on Tuesday said it has sold 100 per cent shares of Explore Worldwide to Hotelplan UK Group for 25.8 million pounds.