1. Aditya Birla Nuvo, Hindalco among 8 stocks that hogged limelight in Friday’s trade

Aditya Birla Nuvo, Hindalco among 8 stocks that hogged limelight in Friday’s trade

State Bank of India share price ended 7.16 per cent up at Rs 243.20 after its fresh slippages dropped to Rs 8,790 crore for the quarter ended June 30, 2016 as compared to Rs 30,313 crore in the sequential quarter ended March 31, 2016.

By: | Updated: August 12, 2016 5:50 PM
Stocks in focus today State Bank of India share price ended 7.16 per cent up at Rs 243.20 after its fresh slippages dropped to Rs 8,790 crore for the quarter ended June 30, 2016 as compared to Rs 30,313 crore in the sequential quarter ended March 31, 2016. (Photo: Reuters)

Domestic stock markets closed higher for second consecutive day on Friday as Bank of India and State Bank of India reported good set of quarterly results amid firm global cues. The BSE Sensex surged 292.80 points to end at 28,152.40, while NSE Nifty ended up 80 points at 8,672.15.

Below are the 8 stocks that hogged limelight in Friday’s trade

State Bank of India: Stocks of public sector lender ended 7.16 per cent up at Rs 243.20 after its fresh slippages dropped to Rs 8,790 crore for the quarter ended June 30, 2016 as compared to Rs 30,313 crore in the sequential quarter ended March 31, 2016.

JK Lakshmi Cement: Share price of the company ended 2.53 per cent down at Rs 426.90 after it posted a standalone net profit of Rs 28.64 crore for the quarter ended June 30, as against a net loss Rs 23.48 crore in the year-ago period.

Glenmark Pharmaceuticals: Share price of the pharma company ended 1.28 per cent up at Rs 845.80 after it posted a 23.96 per cent rise in consolidated net profit to Rs 226.78 crore for the first quarter ended June 30, 2016 as compared to Rs 182.94 crore for the corresponding period of the previous fiscal.

Grasim Industries: Stocks of the company closed 0.57 per cent up at Rs 4565 after it posted a 63.55 per cent increase in consolidated bottomline figures at Rs 830.22 crore for the first quarter ended June 30, 2016 against Rs 507.60 crore in the same quarter last year.

Aditya Birla Nuvo: Share price of the company ended 17.60 per cent down at Rs 1290.15a after Aditya Birla Group on Thursday announced to merge the company with Grasim Industries to create a diversified entity that will be among the largest in India. It also reported 56.79 per cent fall in consolidated net profit at Rs 305.15 crore for the first quarter ended June 30, 2016. against Rs 706.23 crore in the same quarter last year.

Hindalco: Share price of the company closed 2.78 per cent up at Rs 146.20 after it posted nearly 5-fold rise in net profit at Rs 294.07 crore for the quarter ended June 30, 2016 against Rs 61.10 crore in the corresponding quarter a year ago.

MRF: Share price of the tyre major ended 1.56 per cent down at Rs 36116.45 after it posted marginal rise in standalone net profit at Rs 490.93 crore for the quarter ended June, 30, as against Rs 479.54 crore during the same period a year ago.

Central Bank of India: Share price of the company ended 1.77 per cent down at Rs 97.25 after it posted a net loss of Rs 599.8 crore for the first quarter ended June 30 as provision for bad loans rose two-fold. The bank reported net profit of Rs 203.6 crore in the April-June quarter of last fiscal.

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