1. Jindal Steel and Power, HPCL, VRL Logistics among 10 stocks that made news in Thursday’s trade

Jindal Steel and Power, HPCL, VRL Logistics among 10 stocks that made news in Thursday’s trade

VRL Logistics shares ended 10.68 per cent up at Rs 348.20 after its promoters withdrew its regional airline plans. The announcement to foray in civil avaiation space in May this year.

By: | Updated: July 21, 2016 5:37 PM
Stocks in focus today VRL Logistics shares ended 10.68 per cent up at Rs 348.20 after its promoters withdrew its regional airline plans. The announcement to foray in civil avaiation space in May this year. (Photo: Reuters)

The BSE Sensex and NSE Nifty ended lower on Thursday on the back of weak earnings posted by HDFC Bank and Kotak Mahindra Bank. Sensex dropped 205.37 points to end at 27,710.52, while NSE Nifty fell 55.75 points to close at 8,510.10.

Below are the 10 stocks that are in focus today

Ambuja Cements: Shares of the company closed 1.47 per cent up at Rs 266.05 after the Cabinet Committee on Economic Affairs (CCEA) approved the company’s proposal to acquire 24 per cent stake in its holding firm Holcim India, paving way for restructuring of of its parent Swiss giant LafargeHolcim to strengthen India footprint.

Suven Life Sciences: Shares of the company ended 1.34 per cent up at Rs 207.35 after its Hyderabad manufacturing unit received Establishment Inspection Report (EIR) from the US health regulator

VRL Logistics: Shares of the company ended 10.68 per cent up at Rs 348.20 after its promoters withdrew its regional airline plans. The announcement to foray in civil avaiation space in May this year.

Kotak Mahindra Bank: Share price of the company ended 2.71 per cent down at Rs 760.80 despite it posting almost fourfold jump in standalone net profit to Rs 741.97 crore in the first quarter ended June.

IIFL Holdings Ltd: Share price of the company settled the day 6.52 per cent up at Rs 240.10 after it approved the proposed investment of about Rs 1,000 crore by CDC Group Plc, UK [CDC] in the wholly owned subsidiary of the company namely India Infoline Finance Limited, a systemically important Non Banking Financial Company (NBFC) of the group.

Neyveli Lignite Corporation Ltd: Stocks of the company ended 5.56 per cent up at Rs 77.90 after Cabinet Committee on Economic Affairs gave its approval for installation of Ghatampur Thermal Power Project (GTPS) of 1,980 mw (3 X 660 MW) capacity through a joint venture company named Neyveli Uttar Pradesh Power Ltd (NUPPL) formed jointly by Neyveli Lignite Corporation (NLC) and Uttar Pradesh Rajya Vidyut Utpadan Nigam.

Larsen & Toubro Infotech: Shares of the Larsen and Toubro IT arm made a lacklustre debut on BSE and NSE on Thursday. The scrip listed at Rs 666.60 on BSE, down 6.11 per cent, against the issue price of Rs 710. On NSE, L&T Infotech shares listed at Rs 667.

KPIT Technologies: Stocks of the company hogged limelight on Thursday and closed 2.98 per cent up at Rs 136.70 after it posted nearly 30 per cent rise in consolidated net profit at Rs 55 crore for the first quarter ended June 2016.

Jindal Steel and Power (JSPL): Stocks of the company settled the day 3.08 per cent down at Rs 67.65 after Financial Express on Thursday reported that foreign lenders to a Mauritius entity of JSPL have hinted to the steelmaker that they may be forced to invoke corporate guarantees given by it unless it comes up with additional collateral.

Hindustan Petroleum Corporation: The company has received an approval for capacity expansion of Visakh Refinery from 8.33 million metric tonnes per annum (MMTPA) to 15 MMTPA with residue up-gradation facility meeting BS VI Fuel Specification Compliance under Visakh Refinery Modernization Project (VRMP). Share price of the company ended 3.52 per cent up at Rs 1160.60.

 

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