The BSE Sensex and NSE Nifty erased initial gains and closed lower on Monday after weak earnings from companies like ICICI Bank and Larsen and Toubro disappointed investor sentiments. Sensex slipped 48.74 points to end at 28,003.12, while NSE Nifty slumped 1.95 points to settle at 8,636.55.
Below are the 8 stocks that hogged limelight in Monday’s trade
Reliance Infrastructure: Stocks of the company ended 1.31 per cent up down at Rs 598.85 after it said that it is at an advanced stage of discussions for divestment of its road business as part of its ongoing asset monetisation plans.
Quess Corp: Shares of the company closed 15.74 per cent up at Rs 51.15 after the staffing firm posted 37 per cent rise in consolidated net profit at Rs 24.69 crore for the quarter ended June 30, 2016 against Rs 18.02 crore in the corresponding quarter a year ago.
Advanced Enzyme: Shares of the company settled 31 per cent up at Rs 1178.30 on BSE after it made a robust debut on bourses. The company was listed at a premium of 35 per cent at Rs 1,210 against the issue price of Rs 896.
ICICI Bank: Stocks of the private lender closed 5.19 per cent down at Rs 249.20 after it reported 25 per cent fall in net profit at Rs 2232.35 crore for the quarter ended June 30, 2016 against Rs 2976.16 crore in the corresponding quarter a year ago.
Larsen and Toubro: Stocks of engineering major ended 4.12 per cent down at Rs 1493.80 after it posted a 45.51 per cent increase in net profit at Rs 609.6 crore for the June quarter on the back of improved performance in various segments. Analyst have called it a disappointing result with Religare Institutional Research calling it a below-expected Q1FY17 results.
Borosil Glass Works: Share price of the company ended 6.90 per cent up at Rs 4,348 after it acquired 60.3 per cent shares in Nashik-based Klasspack, a glass packaging firm, for an undisclosed amount.
Maruti Suzuki India Limited (MSIL): Share price of the company ended 2.41 per cent up at Rs 4869.80 after it reported highest sales in the month of July, 2016 by selling 1,37,116 units, including 1,338 units of exports.
Great Eastern Shipping Company (GE Shipping): The company has taken delivery of a new building resale Kamsarmax Dry Bulk Carrier ‘Jag Aalok’ of about 82023 dwt. The company had contracted to buy the ship in April 2016. The vessel has been built at Jiangsu New Yangzi shipbuilding Company, P.R. China. Share price of the company ended 4.64 per cent up at Rs 350.90.