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Orient Paper, BEML, Yes Bank among 11 stocks that made news in Thursday’s trade

Orient Paper and Industries shares closed 6.63 per cent up at Rs 79.60 after it informed bourses that its board of directors have decided to raise capital and demerge its consumer electric business into a wholly owned subsidiary.

By: | Updated: September 15, 2016 5:07 PM
Stocks in focus today Orient Paper and Industries shares closed 6.63 per cent up at Rs 79.60 after it informed bourses that its board of directors have decided to raise capital and demerge its consumer electric business into a wholly owned subsidiary.

The BSE Sensex and NSE Nifty closed higher on Thursday following buying in the last hour of the trading in selected blue chip companies amid mixed global cues. Sensex advanced 40.66 points to close at 28,412.89, while NSE Nifty ended 15.95 points up at 8,742.55.

Below are the 10 stocks that remained in news in Thursday’s trade

Reliance Communications: Stocks of Anil Ambani Group company were trading 2.15 per cent up at Rs 52.15 (9.23 am) after its board of directors agreed to merge its wireless telecom business with smaller rival Aircel to create the country’s 4th-biggest mobile phone operator with asset base of more than Rs 65,000 crore. Later, the share price of the company wiped off its gains to close 2.54 per cent down at Rs 49.80.

NBCC (India): Stocks of the state-owned construction major ended 1.57 per cent up at Rs 252.80 after it reported 16 per cent increase in consolidated net profit to Rs 47.09 crore for the quarter ended June 30.

Yes Bank: Stocks of the private lender closed 2.52 per cent down at Rs 1221.80 following media reports that market regulator Sebi is looking into discrepancies in the company’s deferred $1 billion QIP plan.

Unitech: Share price of the company closed 5.42 per cent up at Rs 6.42 after its consolidated net loss narrowed down to Rs 44.82 crore for the quarter ended June 30, 2016 against net loss of Rs 279.64 crore in the same quarter last year.

Sunteck Realty: Shares of real estate company closed 2.79 per cent up at Rs 261.55 after it posted nearly 9-fold rise in consolidated net profit figures at Rs 60.12 crore for the quarter ended June 30, 2016 against Rs 6.95 crore in the corresponding quarter a year ago.

Orient Paper and Industries: Shares of the company closed 6.63 per cent up at Rs 79.60 after it informed bourses that its board of directors have decided to raise capital and demerge its consumer electric business into a wholly owned subsidiary.

Ashok Leyland and Hinduja Foundries:  Hinduja Foundries closed 19.93 per cent down at Rs 44, while Ashok Leyland ended 3.55 per cent down at Rs 81.55 after board of directors approved the Scheme of Amalgamation of Hinduja Foundries with the company.

MMTC: Stocks of the company ended 3.63 per cent up at Rs 47.05 despite reporting a net loss of Rs 7.01 crore in the first quarter ended June 30, 2016 as compared to Rs net loss of Rs 30.55 crore during the corresponding quarter of 2015-16.

BEML: Shares of the company slumped 12.26 per cent to close at Rs 900.15after its standalone net loss widened to Rs 107.10 crore for the quarter ended June 30 as compared to Rs 68.10 crore in the year-ago period.

Gujarat NRE Coke Ltd: Stocks of the company closed 2.82 down at Rs 3.44 after its standalone net loss widened to Rs 108.80 crore for the quarter ended June 30, 2016 as against a net loss of Rs 60.66 crore in the year-ago period.

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