The BSE Sensex and NSE Nifty ended the day for fourth day in a row on Monday in the absence of any major triggers as they are eyeing outcome of US Federal Resreve meeting slated this week. Sensex advanced 35.47 points to close at 28,634.50, while Nifty ended 28.55 points up at 8,808.40
Below are the 8 stocks that trended making news in Monday’s trade
Heritage Foods Ltd: Shares of the company surged 10.20 per cent to settle at Rs 901.90 on BSE after it confirmed that it is in talks with Kishore Biyani-led Future Group for a possible stake sale to the home-grown retail major.
Reliance Defence and Engineering (RDEL): The Defence Acquisition Council has cleared the capacity assessment of Reliance Defence and Engineering (RDEL). In effect, it has cleared the road for the company to bid for new orders worth Rs 25,000 crore. RDEL is a wholly-owned subsidiary of Reliance Infrastructure of the Anil Ambani Group. RDEL aims to fully participate in the Navy’s 10-year acquisition plans, worth over Rs 3 lakh crore, with its dry dock of 662 m length and 65 m width. Share price of the company closed 2.53 per cent up at Rs 58.75.
Brigade Enterprises: Stocks of the company settled 1.87 per cent up at Rs 177.50 after its wholly owned subsidiary-Mysore Projects has entered in to a Joint Development Agreement (JDA) with Cornerstone Bay East Developers (land owner). The agreement is to develop 47 acres at Varthur and Gunjur, Off Whitefield region, Bangalore which will have a developable area of around 5 million square feet.
Gujarat Alkalies & Chemicals: Shares of the company ended 1.91 per cent up at Rs 331 after it informed bourses that the company has signed agreements with Chematur Engineering AB, Sweden for procuring technology, know-how, basic engineering services with IBI Chematur (Engineering & Consultancy) Ltd, India for procuring detailed engineering and project management services for the establishment of 14,000 mtpa Hydrogen Peroxide Plant at Dahej.
Petron Engineering Construction: Stocks of the company ended 20 per cent up at Rs 188.70 after it received Letter of Intents (LOIs) from Shree Cement for Civil Work at their Cement Plants at Aurangabad, Bihar and at Gulbarga, Karnataka for a total contract value of Rs 50 crore.
Vipul: Stocks of the company settled 15.31 per cent up at Rs 86.25 after it received Environmental Clearance from State Environment Impact Assessment Authority, Haryana for its project ‘Aarohan’ on Golf Course Road in Gurgaon.
Welspun India: Stocks of the company ended 3.06 per cent down at Rs 57.10 after reports that two class action lawsuits have been filed against the company and its US subsidiaries alleging it perpetrated “widespread fraud” for years.
United Breweries: Stocks of the company settled the day 5.91 per cent up at Rs 877 after Heineken International BV, the maker of Heineken beer, increased its stake in the company by buying shares worth Rs 152 crore in an open market transaction.