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Den Networks, Jubilant FoodWorks, FTIL among 10 stocks that remained in news today

Goldman Sachs is increasing shareholding Den Networks to 24.9 per cent by picking up over 1.58 crore equity shares for Rs 142.43 crore via preferential allotment. Shares of the company closed 3.19 per cent up at Rs 80.85.

By: | New Delhi | Updated: September 20, 2016 4:09 PM
BSE Sensex, NSE Nifty Jubilant FoodWorks on Tuesday said its CEO and Whole-time Director Ajay Kaul will resign to pursue opportunities outside the company.(Photo: PTI)

The BSE Sensex and NSE Nifty snapped a four-day winning streak on Tuesday on account of weak Asian cues. The 30-share index closed 111.30 points down at 28523.20, while Nifty 50 index closed 32.50 points down at 8775.90.

Below are 10 stocks which remained in news today:

Den Network: Goldman Sachs is increasing shareholding Den Networks to 24.9 per cent by picking up over 1.58 crore equity shares for Rs 142.43 crore via preferential allotment. Shares of the company closed 3.19 per cent up at Rs 80.85.

Marsons: Shares of the company rallied nearly 10 per cent intraday on Tuesday after the company informed bourses that it is extremely optimistic about its results for ongoing financial year ended March 2017. The company is also looking to overcome the working capital contraints by means of strategic investment into the organisation. Shares of the company closed 1.18 per cent up at Rs 12.88.

Financial Technologies (FTIL): Shares of the company dipped 0.12 per cent on Tuesday after it informed bourses that Central Bureau of Investigation, Economic Offence Wing, Mumbai, is conducting search in connection with FIR No. RC.0682014E0009 relating to recognition granted by SEBI to MCX-SX (now Metropolitan Stock Exchange of India Limited).

Jubilant FoodWorks: Jubilant FoodWorks on Tuesday said its CEO and Whole-time Director Ajay Kaul will resign to pursue opportunities outside the company. Shares of the company closed 6.08 per cent down at Rs 944.15.

Karur Vysya Bank: Private lender Karur Vysya Bank will split company’s stock in a ratio of 1:5 to improve liquidity in market as well make shares affordable to small investors. Shares of the company closed 1.12 per cent up at Rs 482.

NBCC: NBCC, a Navratna CPSE under the administrative control of Ministry of Urban Development has been nominated as the Land Management Agency (LMA) for disposal of land assets of the sick CPSEs. NBCC as LMA, will manage, maintain and protect the land assets of sick CPSEs and shall be paid fee for the same till it is disposed off. Shares of NBCC settled 0.16 per cent up at Rs 252.15.

Asian Paints: Asian Paints’ step down firm Asian Paints (International) Limited (APIL), Mauritius has transferred its entire holding of 99.18 per cent held in subsidiary Asian Paints (Lanka) to Singapore-based Berger International. Asian Paints closed 0.28 per cent up at Rs 1166.75.

IFCI: State-owned term lender IFCI will sell its entire stake in Assets Care and Reconstruction Enterprise Limited (ACRE) to Axis Bank for Rs 22.72 crore. Shares of IFCI Limited settled 3.86 per cent up at Rs 29.60.

Sudarshan Chemical: Shares of the company hit upper circuit on Tuesday after reports that it is planning to invest Rs 1000 crore over the next five years. The company is aspiring to become the fourth largest company in the world.  It is one of the leading manufacturers of color & effect pigments in India and its products primarily serve the coatings, plastics, inks and cosmetics markets. Shares of the company closed 5 per cent up at Rs 397.20.

Kolte Patil Developers:  Kolte Patil Developers gained over 6 per cent after it disclosed in Q1 FY17 earnings conference call that it has recorded strong uptick in pre-sales by 33 per cent on year on year basis and 17 per cent on quarter on quarter basis to 0.66 million square feet, translating into a booking value of Rs 370 crore.

 

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