Quess Corp, IDFC Bank among 7 stocks that hogged limelight today

By: | Updated: July 12, 2016 5:56 PM

IDFC Bank stocks ended 8.42 per cent up at Rs 52.15 after the bank has entered into an agreement with Grama Vidiyal Micro Finance (GVMFL) for acquisition of 100 per cent equity share capital of GVMFL.

Stocks that remained in focus todayIDFC Bank stocks ended 8.42 per cent up at Rs 52.15 after the bank has entered into an agreement with Grama Vidiyal Micro Finance (GVMFL) for acquisition of 100 per cent equity share capital of GVMFL.

The BSE Sensex and NSE Nifty ended at a fresh 11-month high for the second day on Tuesday on firm global cues. The Sensex surged 181.45 points, or 0.66 per cent, to end at a new 11-month high of 27,808.14, while NSE Nifty recaptured the 8,500-mark and ended at 8.521.05, up 53.15  points or 0.63 per cent.

Below are 7 stocks which hogged limelight today

Quess Corp: Shares of staffing firm Quess Corp made a stellar debut at bourses, ending the day with 59 per cent gain on an issue price of Rs 317. After listing at Rs 499, reflecting a huge premium of 57.41 per cent on BSE, the stock finally ended at Rs 503, up 58.68 per cent. During the day, it zoomed 60.44 per cent to Rs 508.60.

Coal India: Stocks of the company ended 1.14 per cent down at Rs 316.85 after its board has decided to buy back its shares at a cost of Rs 3,650 crore. About 10.89 crore shares would be bought back at Rs 335 per share, sources said.

IFB Industries: Stocks of home appliances maker ended 1.52 per cent up at Rs 370.30 after the Kolkata-based firm acquired 1.2 crore shares of Trishan Metals, amounting to 51.12 per cent of its shareholding, through participation in equity issue.

Rico Auto Industries: Stocks of the company closed 3.81 per cent up at Rs 43.60 after it informed BSE that it has laid the foundation stone for a new manufacturing plant at Pathredi, Bhiwadi (Rajasthan) for the manufacturing of Auto Components on July 7, 2016.

Shriram EPC: Stocks of the company settled the day 10.83 per cent up at Rs 28.15 after it said it will take shareholders nod for conversion of its debt worth up to Rs 1,280 crore into equity shares.

Greaves Cotton: Stocks of the company closed 6.08 per cent up at Rs 146.60 as the engineering company announced its foray into multi brand spares business, an extension to its after-market services.

IDFC Bank: Stocks of the company ended 8.42 per cent up at Rs 52.15 after the bank has entered into an agreement with Grama Vidiyal Micro Finance (GVMFL) for acquisition of 100 per cent equity share capital of GVMFL.

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