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Lincoln Pharma, InterGlobe Aviation among 8 stocks that hogged limelight in Friday’s trade

Lincoln Pharmaceuticals stocks ended 5.13 per cent up at Rs 248.85 as it has launched Ondansetron oral spray, used for treatment of nausea and vomiting caused by surgery or cancer drugs, in the Indian market.

By: | Updated: September 23, 2016 4:49 PM
Stocks in focus Lincoln Pharmaceuticals stocks ended 5.13 per cent up at Rs 248.85 as it has launched Ondansetron oral spray, used for treatment of nausea and vomiting caused by surgery or cancer drugs, in the Indian market.

The BSE Sensex and NSE Nifty ended lower on Friday following profit-booking a day after domestic equity markets rallied following US Federal Reserve’s decision to hold key rates. Sensex dropped 104.91 points to end at 28,668.22, while NSE Nifty slipped 35.90 points to close at 8,831.55.

Below are the 10 stocks that are trending in Friday’s trade

Gayatri Projects: Stocks of the company ended 1.65 per cent up at Rs 686.70 after it said that it has secured Rs 1,255 crore highway contract in a joint venture with Russian construction firm PTPS from National Highway Authority of India (NHAI).

InterGlobe Aviation: Stocks of the parent company of no-frills airline IndiGo closed 3.09 per cent up at Rs 922.35 as it has received shareholders’ approval to increase its borrowing limit to Rs 20,000 crore.

GTL Infrastructure: Stocks of the company closed 8.22 per cent up at Rs 4.08 as lenders to the company have accepted its proposal to convert some part of the debt into equity under the strategic debt restructuring (SDR) scheme, bankers privy to the matter told Financial Express newspaper.

Morepen Laboratories: Stocks of the company ended 5.44 per cent up at Rs 26.15 as according to media reports the company is in talks with Ajay Piramal Group to sell its OTC (over-the-counter) business of market leading brands such as Burnol as it plans to monetise some of its mainstream brands when larger rivals look to expand their consumer product portfolio. The company however has clarified and said that no such negotiations are taking place.

Lincoln Pharmaceuticals: Stocks of the company ended 5.13 per cent up at Rs 248.85 as it has launched Ondansetron oral spray, used for treatment of nausea and vomiting caused by surgery or cancer drugs, in the Indian market.

Majesco Ltd: Stocks of the company closed 1.99 per cent up at Rs 479.40 as it has informed BSE that it has entered into an agreement with Glemham, a UK based managing general agent (MGA), to create a new cloud based bureau processing business using Majesco Cloudlnsurer to reduce the cost of transacting General Insurance in the UK market.

Vedanta Ltd : Stocks of the company ended 1.10 per cent up at Rs 170 as the mining conglomerate said it has signed the concession agreement for Rs 1,145 crore redevelopment project of the Mormugao port in Goa.

L&T Technology Services: Stocks of the company hogged limelight as the arm of engineering giant Larsen and Toubro (L&T) made its stock market debut on Friday after successfully completing its initial public offering recently. Share price of the company closed at Rs 860.55 against the issue price of Rs 860 on NSE.

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