The BSE Sensex and NSE Nifty fell over 1 per cent on Friday as muted earnings by some blue-chips and oil prices that fell below USD 30 a barrel combined to pull down the domestic equities for a second straight week.. Sensex plunged 317.93 points to end at 24,455.04, while Nifty settled below 7,500-mark by falling 99 pts to 7,437.80.
Below are the top 8 stocks that remained in focus today.
Hindustan Unilever (HUL): Shares of the FMCG closed 2.70 per cent down at Rs 804.15 after it reported a decline of 22.42 per cent in standalone net profit at Rs 971.40 crore for the third quarter ended December 31, 2015 on account of phasing out of excise duty incentives and “price de-growth”.
NTPC: Shares of the company closed 4.58 per cent down at Rs 136.60 after the company cut average cost of generating electricity from coal by 13.6 per cent in the last three months by slashing coal imports, saving consumers Rs 300 crore a month.
NIIT Technologies: Shares of the IT firm ended 9.60 per cent down at Rs 517.15 after its net profit increased 53.9 per cent to Rs 74.2 crore for the December quarter on the back of better operational efficiency and improved tax rates.
Mahindra & Mahindra: Stocks of the company were trading 0.50 per cent down at Rs 1182.00 (1.56 pm) after the auto major on Friday launched a compact SUV ‘KUV 1OO’, targeted at the first-time car buyers and youth, with a starting price tag of Rs 4.42 lakh (ex-showroom, Pune).
Wockhardt: Shares of Wockhardt ended 14.98 per cent down at Rs 1288.40 on Friday on reports the company has received a notice from the US Food and Drug Administration highlighting concerns with its Shendra drug manufacturing plant in Aurangabad.
Prakash Industries: Shares of the company were trading 4.89 per cent up at Rs 32.15 (11.11 am) after the company said its PVC Pipe division is likely to achieve sales of 31,800 mt in the current financial year 2016 against 27,638 mt last year, registering a growth of 15 per cent year-on-year (yoy) and is likely to further grow by 20 per cent in the next financial year with a target sale of 38,000 mt. Later, the scrip closed 1.14 per cent down at Rs 30.30.
Tata Steel: Stocks of the company will be in focus an Indian-origin family owned steel firm, Liberty House, is said to be a new potential buyer of two of Tata Steel’s Scottish plants, on the verge of closure due to the crisis in the industry. Shares of the company ended 3.69 pe cent down at Rs 229.90.
Jindal Steel & Power (JSPL): The Naveen Jindal-promoted Jindal Steel & Power (JSPL), which has reported losses for the past four quarters, has reduced employee salaries by 10 per cent in order to reduce cost. Moreover, the salary disbursements to employees are also being delayed. The scrip settled 11.59 per cent down at Rs 64.05.