1. BHEL, SpiceJet among 8 stocks that remained in focus in Wednesday’s trade

BHEL, SpiceJet among 8 stocks that remained in focus in Wednesday’s trade

Bharat Heavy Electricals Limited (BHEL) shares closed 15.50 per cent up at Rs 159.80 after the company reported a 54.21 per cent jump in net profit at Rs 77.77 crore for the April-June quarter as compared to net profit of Rs 50.43 crore in the June quarter of last fiscal.

By: | Updated: September 7, 2016 5:20 PM
Stocks in focus Bharat Heavy Electricals Limited (BHEL) shares closed 15.50 per cent up at Rs 159.80 after the company reported a 54.21 per cent jump in net profit at Rs 77.77 crore for the April-June quarter as compared to net profit of Rs 50.43 crore in the June quarter of last fiscal. (Photo: Reuters)

The BSE Sensex and NSE Nifty ended lower on Wednesday following profit-booking amid subdued Asian cues. Sensex closed 51.66 points down at 28,926.36, while NSE Nifty ended 25.05 points down at 8,917.95.

Below are the 8 stocks that made news in Wednesday’s trade

Unitech: Stocks of the realty major closed 18.62 per cent at Rs 6.37 after it informed the bourses on Monday that Delhi High Court(HC) in an order dated Sept 2, 2016 has directed the real estate company to open an escrow account for each of these delayed residential project to protect the home buyers.

Oil India: Stocks of the company settled 1.18 per cent up at Rs 393.85 despite its standalone net profit slipping by 33.47 per cent to Rs 494.41 crore for the first quarter ended June 30, 2016 against Rs 743.21 crore in the same quarter last year.

IL&FS Engineering and Construction Company: Stocks of the company ended 4.44 per cent up at Rs 58.85 as it has won Rs 173.13 crore  from Gas Authority of India Limited (GAIL) pipeline laying contract.

Aegis Logistics Ltd: Stocks of the company ended 4.28 per cent up at Rs 154.85 after it informed BSE that the Infrastructure India Holding Fund LLC (“IIHF”), a private equity fund, who invested in the Company in the year 2011 pursuant to Subscription and Shareholders Agreement dated February 25, 2011, has reduced their stake below the limit prescribed under the said agreement.

Jindal Steel and Power Ltd (JSPL): Stocks of Naveen Jindal-led company settled 2.78 per cent up at Rs 84.95 as it expects revenues of up to Rs 3,500 crore from its railways segment in the next 2-3 years buoyed by the government’s ambitious push to the infrastructure segment, including railways.

Bharat Heavy Electricals Limited (BHEL): Shares of the company closed 15.50 per cent up at Rs 159.80 after the company reported a 54.21 per cent jump in net profit at Rs 77.77 crore for the April-June quarter as compared to net profit of Rs 50.43 crore in the June quarter of last fiscal.

NBCC: Stocks of the company ended 1.64 per cent up at Rs 250.95 as it has executed memorandum of understanding (MoU) with University Grant Commission (UGC) for construction of new complex amounting to Rs 270 crores.

SpiceJet: Stocks of the budget airline closed ended 15.88 per cent at Rs 65.30 after it posted 104 per cent growth in net profit at Rs 149.03 crore for the quarter ended June 30, 2016 against Rs 72.97 crore in the same quarter last year.

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