The BSE Sensex and NSE Nifty slid nearly 1 per cent on Thursday after investors booked profits in the recent gainers amid jitters over quarterly earnings. Sensex dropped 215.21 points to end at 24,685.42, while Nifty settled below 7,600-mark by falling 67.90 points to 7,546.45.
Below are the 11 stocks that trended in Thursday’s trade
Bharat Heavy Electricals Ltd (BHEL): Even after posting net loss of Rs 877 crore (provisional) in FY2015-16 against net profit of Rs 1,419 crore last year, BHEL shares closed with a gain of 4.65 per cent at Rs 119.30 after the company informed bourses that it has recorded the highest-ever commissioning of projects in its history and the highest order booking in the past five years in 2015-16.
Tata Power and Adani Power: Tata Power shares dropped 3.83 per cent, while Adani Power declined 2.92 per cent after the Apellate Tribunal for Electricity (APTEL) on Thursday delivered its final order saying Central Electricity Regulatory Commission (CERC) was not authorized to fix tariffs.
Sundram Fasteners: Sundram Fasteners shares soared as much as 10 per cent in the early trade on Thursday after the company announced that it has restructured its international operations in order to maximise the revenue potential and shareholders’s value. Later, the share price ended 0.60 per cent up at Rs 166.35
Nava Bharat Ventures: Stocks of the company closed 1.29 per cent up at Rs 164.40 as it has entered into an agreement for renewal of conversion arrangement of Chrome Ore into Ferro Chrome, with Tata Steel for a period of 4 years commencing from April, 2016, to produce up to 70,000 MT of High Carbon Ferro Chrome per annum at its Odisha Ferro Alloy Plant.
Ashoka Buildcon: Shares of the company settled 1.95 per cent up at Rs 138.65 after reports suggested that the office of the company was raided by income tax department on Tuesday.
Maruti Suzuki: Maruti Suzuki India shares closed 2.81 per cent down at Rs 3471.35 after Yen hits fresh 17-month high against dollar.
Housing Development Finance Corporation (HDFC): Shares of the company ended 2.58 per cent down at Rs 1072.65 after on Wednesday after it informed bourses that it will make an additional one-time special provision of Rs 450 crore in the quarter ended March 31.
Crisil: Stocks of the company settled the day 4.11 per cent up at Rs 1907 after it launched seven indices, including one in government securities (G-Sec) segment.
MEP Infrastructure: Stocks of the the company ended 2.16 per cent up at Rs 40.25 after it won three contracts worth Rs 1,763 crore in Maharashtra and Rajasthan from NHAI and the Ministry of Road Transport and Highways (MoRTH).
SREI Infra: Stocks of the company closed 1.07 per cent up at Rs 61.35 after the Cabinet Committee on Economic Affairs on Wednesday cleared the proposal of American Tower Corp (ATC) to acquire 51 per cent stake in Viom Networks for Rs 5,856.51 crore. Tata Teleservices Ltd owns 54 per cent of Viom, while Kolkata-based SREI Group of Kanoria family holds 18.5 per cent with management control.