The BSE Sensex and NSE Nifty wiped off the day’s gains and closed in negative on Wednesday in a choppy trade. Sensex fell 37.67 points to end at 26,552.92, while Nifty ended 20.50 points to close at 8,040.20.
Below are the stocks that are making news today:
Nestle India: The Swiss company shared ended 0.21 per cent up at Rs 6247.15 after it said that the government approved labs have found the newly manufactured samples of instant noodles Maggi safe and the company will start retail sales of the popular snack this month.
Godrej Properties: Shares of the company closed 4.11 per cent down at Rs 334.85 after it reported an over two-fold jump in consolidated net profit at Rs 106 crore for the quarter ended September 30, on the back of higher sales.
PTC: Shares of the company were trading 2.33 per cent up at Rs 65.85 on BSE in the afternoon trade (at 1.10 pm) after the net profit of the company increased by 4.52 per cent year-on-year to Rs 100.66 crore for the second quarter ended September 30, 2015. Later, the scrip closed 1.48 per cent down at Rs 65.30.
IDBI Bank: Shares of the bank ended 0.24 per cent up at Rs 84.80 after its net profit remained almost flat at Rs 119.5 crore for the second quarter ended September 30.
Prism Cement: The share price fell nearly 4 per cent in the morning trade after the company reported standalone net loss widened to Rs 33.26 crore for the quarter ended September 30, against a net loss of Rs 19.76 crore in the year-ago period. The company announced its Q2 result on Tuesday during market hours. It shares slid around 5 per cent on Tuesday. The share price of the company closed 3.77 per cent down at Rs 85.60.
Jain Irrigation: Jain Irrigation shares ended 6.61 per cent up at Rs 67.75 after the company informed BSE before market hours that it has bagged Maharashtra State Electricity Distribution Company’s (MSEDCL) most awaited tender worth Rs 473 crore for supply and installation of 8,959 solar agri-pumps. This is the first pilot phase out of the world’s biggest solar agri-pump project for 500,000 pumps launched by Government of Maharashtra through MSEDCL.
DLF: India’s largest realty firm share price was up 2.83 per cent after the company on Tuesday reported 21 per cent rise in consolidated net profit at Rs 131.50 crore for the quarter ended September mainly on lower expenses. Later, the scrip price closed 1.66 per cent up at Rs 122.15.
Oberoi Realty: The share price of Mumbai-based real estate company ended 0.53 per cent up at Rs 286.00 as it managed to sell 68% of Oberoi Sky City in Borivali within two days of launch. The company confirmed 543 apartments of the 800 units on offer had been bought, at a price starting at Rs 2.5 crore.
Hexaware Technologies: The share price of the mid-sized IT services company ended 4.16 per cent up at Rs 245.55 after its consolidated net profit rose by 29.8 per cent to Rs 111.6 crore for the July-September quarter of this year, helped by all-round growth across verticals and geographies.
Reliance Infrastructure: Shares of the company ended 1.97 per cent up at Rs 399.05 after the company reported 4.62 per cent rise in its consolidated net profit figures at Rs 451.13 crore for the quarter ended September 30, 2015.