The BSE Sensex and NSE Nifty ended on a flat note on Thursday in the absence of any major triggers. BSE Sensex ended 11.59 points down at 25,838.71, whereas Nifty 50 closed 4.90 points down at 7,861.05.
Below are the stocks that made news today:
Steel Strips Wheels(SSWL): Share price of the company ended 9.95 per cent up at Rs 434.40 after the company announced that it has bagged an export order from Siam Kubota Corp for their new project. The order is for supply tractor wheel for their Thailand production facility.
V-Mart Retail: Stocks of the company ended 19.59 per cent up at Rs 584.20 after the Reserve Bank of India (RBI) approved hike in investment limit by overseas investors by up to 49 per cent.
Biocon: Share price of the company closed 5.36 per cent up at Rs 507.55 after it announced the introduction of an advanced novel therapy for the treatment of Hepatitis C in India.
Tree House Education and Zee Learn: Tree House share price hit lower circuit after it informed the exchanges that the board of directors in a meeting held on Wednesday have approved amalgamation between pre-school chain the company and Zee Learn. Share price of Zee Learn closed 2.43 per cent down at Rs 40.15.
Idea Cellular: Stocks of the company closed 1.04 per cent at Rs 141.15 after it launched high-speed 4G services across 750 towns in the five southern states of Andhra Pradesh & Telengana, Karnataka, Kerala and Tamil Nadu.
Coal India: Stocks of the company will be in focus as in a bid to ensure speedy coal loadings, the Indian railways on Wednesday joined hands with Coal India for procurement of 2,000 high-capacity wagons.
Reliance Infrastructure: Shares of the company closed 7.69 per cent up at Rs 493.05 as the company is in the advanced stage of negotiations to sell its cement business and a deal can be announced as early as this week as the Anil Ambani-led firm tries to cut debt.
Dr Lal Pathlabs and Alkem Laboratories: After a robust opening on Dalal Street on Wednesday, the share price of diagnostic chain Dr Lal PathLabs and drug major Alkem Laboratories surged 8.43 per cent and 10.16 per cent to Rs 893.65 and Rs 1521.75, respectively on Thursday. Shares of both these companies listed on bourses with a hefty premium on Wednesday. Dr Lal shares settled the day with a sharp gain of 50 per cent against the issue price of Rs 550. Simlarly, Alkem Labs closed with a sharp gain of nearly 32 per cent over the issue price of Rs 1,050 on Wednesday.