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Wockhardt, GMR Infrastructure among 8 stocks that hogged limelight in Friday’s trade

Den Networks Ltd stocks closed 7.79 per cent up at Rs 78.20 after it informed bourses that a meeting of board of directors will be held on September 20, 2016 to discuss and approve proposal for Preferential Issue of Equity Shares to one of the leading global financial investors.

By: | Updated: September 16, 2016 5:12 PM
Wockhardt, GMR Infrastructure among 8 stocks that hogged limelight in Friday's trade GMR Infrastructure stocks ended 3.50 per cent down at Rs 13.80 after the company posted a multi-fold jump in its standalone net loss at Rs 123.1 crore for the first quarter ended June 2016 as against net loss of Rs 1.33 crore in the year-ago period.

The BSE Sensex and NSE Nifty ended higher for third day in a row on Friday following global cues that surged after lacklustre US data dampened hopes of rat hike by the Federal Reserve next week. Sensex ended 186.14 points up  at 28,599.03, while NSE Nifty ended 37.30 points up to settle at 8,779.85.

Below are the 8 stocks that are in focus today

Wockhardt: Stocks of the pharma company ended 8.28 per cent up at Rs 909 after CNBC TV reported that United States Food & Drug Administration  has cleared its Chikalthana plant in Maharashtra.  In July this year USFDA made “observations” for the company’s three units in Maharashtra including Chikalthana plant in its Establishment Inspection Report (EIR) .

GMR Infrastructure: Stocks of the company ended 3.50 per cent down at Rs 13.80 after the company posted a multi-fold jump in its standalone net loss at Rs 123.1 crore for the first quarter ended June 2016 as against net loss of Rs 1.33 crore in the year-ago period.

Infosys: Stocks of the IT major closed 1.82 per cent up at Rs 1060.35. It has informed bourses that the company has fixed October 24 as the record date for the purpose of payment of interim dividend.

Den Networks: Stocks of the company closed 7.79 per cent up at Rs 78.20 after it informed bourses that a meeting of board of directors will be held on September 20, 2016 to discuss and approve proposal for Preferential Issue of Equity Shares to one of the leading global financial investors.

Reliance Defence and Engineering Ltd: Stocks of the company closed 2.23 per cent up at Rs 57.30 after the Defence Ministry cleared the company for defence projects after a financial and technical capability of the company’s shipyard was carried out in detail.

PVR Ltd: Stocks of the multiplex chain ended 1.87 per cent up at Rs 1182.20 as it is looking to raise up to Rs 250 crore through issue of non-convertible debentures to fund various activities, including acquisitions.

Tube Investment of India: Stocks of the Murugappa Group company settled the day 2.57 per cent up at Rs 603.45 as it has entered into a joint venture with Absolute Speciality Foods to expand its bicycle cafes across the country.

Hero MotoCorp: Stocks of the company closed 1.78 per cent up at Rs 3585.15 after its unit Hero FinCorp raised Rs 1,002 crore from private equity firms and also from its parent Hero Group to fuel expansion over the next 12-18 months.

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