1. Tata Motors, Biocon, DHFL among 9 stocks that made news in Friday’s trade

Tata Motors, Biocon, DHFL among 9 stocks that made news in Friday’s trade

Tata Motors stocks ended 2.01 per cent up at Rs 503.65 despite it posting 57 per cent decline in consolidated net profit at Rs 2,260.40 crore for the first quarter ended June 30 as against a consolidated profit of Rs 5,254.23 crore in the same period last fiscal.

By: | Updated: August 26, 2016 6:05 PM
Stocks in focus today Tata Motors stocks ended 2.01 per cent up at Rs 503.65 despite it posting 57 per cent decline in consolidated net profit at Rs 2,260.40 crore for the first quarter ended June 30 as against a consolidated profit of Rs 5,254.23 crore in the same period last fiscal. (Photo: Reuters)

The BSE Sensex and NSE Nifty closed lower on Friday as investors remained cautious ahead of speech by the US Federal Reserve Chair Janet Yellen. Sensex settled 53.66 points down at 27,782.25, while NSE Nifty ended 19.65 points down at 8,572.55.

Below are the stocks that are in focus today

Tata Motors: Stocks of the automaker ended 2.01 per cent up at Rs 503.65 despite it posting 57 per cent decline in consolidated net profit at Rs 2,260.40 crore for the first quarter ended June 30 as against a consolidated profit of Rs 5,254.23 crore in the same period last fiscal.

Biocon: Stocks of the company ended 3.10 per cent up at Rs 892.45 after European Medicines Agency (EMA) has accepted for review Mylan’s application to market biosimilar Trastuzumab, co-developed with Biocon, that is used to treat certain breast and gastric cancers.

Titan Company: Shares of the company ended 2.46 per cent up at Rs 406.05 after reports that the company is working on making affordable smart watches for the mass market.

Tata Communications: Stocks of the company ended 4.47 per cent up at Rs 524.60 as it is planning to set up necessary storage infrastructure in countries of operations to win over local business by addressing its concerns on overseas data storage.

Infosys: Shares of the company ended 1.52 per cent down at Rs 1020.75 after the software major during an analyst meet said it is seeing some ‘softness’ in clients after Britain voted in June to leave the European Union.

Dewan Housing Finance Corporation: Stocks of the company ended 1.05 per cent up at Rs 283.30 after the mortgagae firm said it plans to raise Rs 10,000 crore from non-convertible debentures (NCDs) to fund business growth.

J Kumar Infraprojects: Shares of the company ended 4.99 per cent up at Rs 162.15 on BSE after it announced that Mumbai Metro Rail Corporation Ltd (MMRC) has issued LOA (letter of award) to J Kumar-CRTG’s joint venture for Rs 5,012 crore projects.

Welspun India: Shares of the textile company settled 8.64 per cent down at Rs 49.70  after staging recovery in early trade after investors continued to dump the stock on the back of textiles sourced from the company by global retail majors.

Trident India: Shares of the company ended 12.45 per cent up at Rs 56  after CNBC TV18 reported that Target Corp is mulling shifting its business contract to the company after severing ties with Welspun India in the wake of alleged use of cheap quality cotton in the bedsheets and pillowcases supplied to it other than Egyptian cotton.

  1. No Comments.

Go to Top