Domestic equity markets ended higher on Thursday following their global counterpart, which rallied cheering US Federal Reserve’s decision to leave interest rates unchanged. Sensex gained 265.71 points to end at 28,773.13, while NSE Nifty surges 90.30 points to end at 8,867.45.
Below are the 10 stocks that are making news in Thursday’s trade
Syngene International: Stocks of the contract research company closed 4.31 per cent up at Rs 502.05 after it acquired assets of Strand Life Sciences related to systems biology and pharma bioinformatics services for an undisclosed sum.
Aurobindo Pharma: Shares of the company jumped 6.33 per cent to Rs 857.15 after it received tentative nod for Dolutegravir 50mg from US Food & Drug Administration (USFDA) used in the treatment of HIV-1 infection in combination with other antiretroviral agents.
Godrej Properties: Stocks of the realty company ended 1.33 per cent up at Rs 341.75 as it has acquired a 12-acre land parcel in Bengaluru to develop a housing project. The company plans to develop a housing project covering about one million sq ft area on this land parcel off Sarjapur Road in South Bengaluru.
HDFC: Shares of the company ended 1.71 per cent up at Rs 1416 after the morgage lender announced that it will raise Rs 1,340 crore through an issue of bonds on private placement basis.
Steel Authority of India Ltd (SAIL): Stocks of the country’s largest steel maker closed 2.30 per cent up at Rs 48.90 as it is eyeing to increase sales by 20 per cent to 14.52 million tonnes (MT) this fiscal from 12.1 MT a year-ago.
Reliance Defence and Engineering Ltd: Stocks of the company closed 3.14 per cent up at Rs 60.85 as it is in talks with the Indian Coast Guard to finalise a long-pending Rs 920-crore contract for 14 Fast Patrol Vessels.
Tata Motors: Stocks of the automaker ended 1.52 per cent up at Rs 558.30 after its subsidiary Jaguar Land Rover launched all new Jaguar XF priced between Rs 49.50-62.10 lakh.
Indian Oil Corp (IOC) and GAIL: Stocks of IOC and GAIL ended 1.20 per cent and 0.74 per cent at Rs 578 and Rs 389.75 respectively as they have signed agreements to acquire 49 per cent stake in Adani Group’s Rs 6,000-crore Dhamra LNG project in Odisha.
Orient Paper and Industries: Stocks of the company ended 2.34 per cent up at Rs 80.95 after it informed bourses about operational performance of Paper Division of the Company for the period from April 2016 to August 2016.