The BSE Sensex and NSE Nifty wiped off their early morning losses and ended the day in positive terrain as buying in beaten down blue chip stocks supported market sentiments. Sensex rebounded 149.57 points to close at 25,760.10 and NSE Nifty recovered 44.35 points to 7,806.60.
Below are the stocks that made news today:
GMR Infrastructure: Shares of the company advanced by over 11 per cent intraday as the company’s consolidated net loss in July-September quarter narrowed to Rs 398.67 crore. Later, the share price of the company closed 13.13 per cent up at Rs 13.44.
MTNL: The state-run telecom’s share price jumped as much as 8 per cent on Monday after it firm announced that it will soon launch free roaming scheme, allowing customers to receive calls at no extra cost while traveling across the country. Share price of the company closed 6.84 per cent up at Rs 18.75 later.
MMTC: Shares of state-run trading firm surged nearly 10 per cent after the company reported a net profit of Rs 43.84 crore for the second quarter ended September 30. The stock climbed 9.47 per cent to Rs 46.20 at BSE. On NSE, it soared 9.58 per cent to Rs 46.30. Later, the share price of the company closed 7.58 per cent up at Rs 45.40.
Apollo Tyres: The company’s share price ended 1.68 per cent up at Rs 157.70 after it acquired Reifencom GmbH, one of the largest tyre distributors in Germany, for euro 45.6 million (around Rs 301 crore).
Shasun Pharmaceuticals: Shares of the company closed 2.11 per cent up at Rs 406.35 after it said that it has received US health regulator’s nod to market pain relief drug Carisoprodol in the US market.
S H Kelkar: Shares of S H Kelkar and Company got listed on the stock exchanges on Monday at an opening price of Rs 222 on BSE and at Rs 223.70 on NSE. The shares opened at a premium of 23 per cent from its issue price of Rs 180 per share. The stock finally settled at Rs 207.30, up 15.16 per cent.
Welspun Corp: Share price of the company settled 3.24 per cent up at Rs 106.70 after the company on November 14 reported a net loss after tax of Rs 2.48 crore for the quarter ended September 30, 2015 as compared to net loss of Rs 11.58 crore for the same quarter in the previous year.
Jindal Steel and Power (JSPL): Share price of the company were trading down over 2 per cent in the early trade on Monday after the company on Nov 14 reported a consolidated net loss of Rs 617.94 crore for the quarter ended September 2015 on account of impairment loss of Rs 226.82 crore in Australia and forex hit of Rs 212.60 crore.
Later, the scrip closed 2.46 per cent up at Rs 81.15.
Talwalkars Better Value Fitness: Share price of the company jumped as much as 3.40 per cent intraday after it informed BSE that it has entered into an agreement to acquire strategic stake in Inshape Health and Fitnez Private Limited (IHPL), a health and fitness center having operations in Chennai. Later, the shares of the company closed 1.30 per cent up at Rs 250.
Coal India: Share price of the company closed 1.94 per cent down at Rs 331.10 after it on Friday posted a 16 per cent rise in consolidated net profit at Rs 2,543.80 crore for the quarter ended September 30 on the back of higher sales.