GVK Power & Infrastructure shares closed 15.91 per cent up at Rs 5.61 after after the company sought shareholders' approval for increasing the maximum limit of loans and guarantees that can be given to other entities.
The BSE Sensex and NSE Nifty ended nearly 0.5 per cent lower on Friday ahead of Index of Industrial Production scheduled to be released later in the day. Sensex shed 127.71 points to end at 26,635.75, while NSE Nifty settled below 8,200-mark by falling 33.55 points to 8,170.05.
Below are 7 stocks which are in focus today:
Yes Bank: Shares of the private lender closed 2.11 per cent up at Rs 1062.25 after the bank said it has acquired an 8 per cent stake in Receivables Exchange of India (RXIL).
Dr Lal PathLabs: Shares of the company closed 0.58 per cent up at Rs 993.75 on reports that the diagnostic services provider is planning to expand its footprint across India. While deepening its presence in the North Indian market where it already has a strong presence, the company is looking to scale up in other parts of the country as well.
Visa Steel: Shares of the company hit upper circuit and closed 20 per cent up at Rs 16.38 after the company said it will seek shareholders’ approval for the merger of its JV firm Visa Bao Ltd (VBL) in an attempt to optimise costs and secure availability of resources for its ferrochrome business.
GVK Power & Infrastructure: Shares of the company closed 15.91 per cent up at Rs 5.61 after after the company sought shareholders’ approval for increasing the maximum limit of loans and guarantees that can be given to other entities.
Sugar stocks: Shares of sugar companies rallied on Friday despite the food and consumer affairs ministry proposing a 25 per cent duty on exports of sugar to boost domestic supplies and stem a rise in prices witnessed in recent months. Shares of sugars companies such as Andhra Sugars, Bajaj Hindusthan Sugar, Bannari Amman Sugars, Dwarikesh Sugar Industries and Dhampur Sugar Mills soared by 7.65 per cent, 5.54 per cent, 6.09 per cent, 6.53 per cent and 6.02 per cent, respectively.
Vedanta: According to reports, CLSA upgraded Vedanta from ‘Sell’ to ‘Buy’ with target price of Rs 150 (from Rs 70 earlier). Stocks of the company closed 3.27 per cent up at Rs 116.70.
Solar Industries: Stocks of the company closed 3.12 per cent up at Rs 3178.35 after the company bagged an order from Singareni Collieries Company Limited (SCCL) for the supply of 163911.20 MT Explosives worth Rs. 443.44 crore for the financial year 2016-17 and 2017-18.