KEC International, Jain Irrigation among 5 stocks that trended in Thursday’s trade

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New Delhi | Updated: June 23, 2016 5:11:43 PM

KEC International shares closed 3.18 per cent up at Rs 138.10 after the global infrastructure EPC major s secured new orders worth Rs 1,036 crore in Middle East and Americas.

Stocks that made news todayKEC International shares closed 3.18 per cent up at Rs 138.10 after the global infrastructure EPC major s secured new orders worth Rs 1,036 crore in Middle East and Americas. (Photo: Reuters)

The BSE Sensex and NSE Nifty made a robust turnaround from a cautious beginning on Thursday and closed firm driven by firm trend in European markets as UK voters began to cast ballots on ‘Brexit’ referendum. Sensex closed 236.57 points to seetle above 27,000 mark, while NSE Nifty ended 66.75 points up to settle at 8,270.45.

Below are 5 which made news today

Max Ventures and Industries Limited (MVIL): Shares of the company hit upper circuit on Thursday for the second trading session after the listing on bourses on Wednesday. The share pirce of Max Ventures and Industries locked in at upper circuit of nearly 5 per cent on BSE and NSE both. The share price of MVIL surged 4.97 per cent to Rs 49.60. Shares of MVIL listed on bourses at Rs 45 on Wednesday.

Balaji Telefilms: Balaji Telefilms shares have slumped over 6 per cent ever since the company’s subsidiary Balaji Motion Pictures’ controversial movie Udta Punjab was released on June 17. The share price of the company closed 1.74 per cent down at Rs 107.20 on Thursday. The scrip closed at Rs 116.30 on June 16 and Rs 109.10 on June 22.

KEC International: Shares of the company closed 3.18 per cent up at Rs 138.10 after the global infrastructure EPC major s secured new orders worth Rs 1,036 crore in Middle East and Americas. Share price of the power transmission company hit its highest in 5-1/2 months since January 2016.

MTNL: Shares of the company closed 4.81 per cent up at Rs 21.80 after the state-run telecom firm said it will submit its revival plan to the Department of Telecommunications (DoT) by August this year which aims to bring the loss making public sector undertaking (PSU) out of the red.

Jain Irrigation Systems: Share price of the company closed 5.38 per cent up at Rs 70.50 on reports that brokerage house Morgan Stanley has upgraded the company to overweight from equal-weight. The report on CNBC TV also said that the brokerage has raised target price (TP) of the stock to Rs 92 from Rs 72.

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