1. Indian Bank, InterGlobe Aviation among 6 stocks that remained in focus in Tuesday’s trade

Indian Bank, InterGlobe Aviation among 6 stocks that remained in focus in Tuesday’s trade

InterGlobe Aviation stocks dropped 11.17 per cent to end at Rs 865.20 after it posted around 7.4 per cent decline in net profit at Rs 591.77 crore for the quarter ended June 30, 2016 against Rs 638.89 crore in the same quarter last year.

By: | Updated: August 2, 2016 5:27 PM
Stocks in focus today InterGlobe Aviation stocks dropped 11.17 per cent to end at Rs 865.20 after it posted around 7.4 per cent decline in net profit at Rs 591.77 crore for the quarter ended June 30, 2016 against Rs 638.89 crore in the same quarter last year. (Photo: Reuters)

The BSE Sensex and NSE Nifty ended flat on Tuesday ahead of tabling of crucial goods and services tax (GST) Bill in Rajya Sabha. Sensex slipped 21.41 points to end at 27,981.71, while NSE Nifty slumped 13.65 points to 8,622.90.

Below are the 6 stocks that made news today:

Tech Mahindra: Share price of the IT major ended 1,79 per cent up at Rs 498.45 after it reported a fall of 9.54 per cent quarter-on-quarter in consolidated net profit at Rs 796.54 crore for the quarter ended June 30, 2016.

InterGlobe Aviation: Stocks of owner of budget-airline IndiGo dropped 11.17 per cent to end at Rs 865.20 after it posted around 7.4 per cent decline in net profit at Rs 591.77 crore for the quarter ended June 30, 2016 against Rs 638.89 crore in the same quarter last year.

Indian Bank: Shares of the public sector bank hit upper circuit after it posted 42.77 per cent increase in net profit at Rs 307.36 crore for the quarter ended June 30, 2016 as compared to Rs 215.28 crore in the corresponding quarter last year.

Lupin: Stocks of drug major ended 1.10 per cent down at Rs 1704.35 after Competition Commission slapped a fine of nearly Rs 73 crore on drug the company and its two officials for indulging in unfair business practices with regard to supply of medicines in Karnataka.

Auto stocks: Shares of auto and auto ancillary companies like Maruti Suzuki(up 2.49 per cent), Tata Motors(down 2.80 per cent), Hero MotoCorp (up 1.26 per cent up at Rs 3260),  Motherson Sumi (up 1.31 per cent at Rs 345.40) and Gabriel India(up 7.45 per cent at Rs 104.60) hogged limelight following impressive car sales in the month of July. Hopes of above average monsoon and recovery in consumer demand helped auto companies to post strong sales figures in July month, experts said.

Voltas Ltd: Share price of the company ended 1.47 per cent down at Rs 365.25 despite posting 53.71 per cent increase in consolidated net profit at Rs 157.62 crore for the June quarter as compared to net profit of Rs 102.54 crore in the April-June quarter a year-ago.

 

  1. No Comments.

Go to Top