Tata Motors, Sun Pharma among 7 stocks that remained in news today

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New Delhi | Updated: May 31, 2016 5:13:38 PM

Shares of the automaker closed 9 per cent higher after it reported a remarkable turnaround of its struggling domestic unit. Tata Motors Group net profit grew three-fold to Rs 5,177 crore in the three months to March from over Rs 1,717 crore a year ago.

Stocks in focusShares of the automaker closed 9 per cent higher after it reported a remarkable turnaround of its struggling domestic unit. Tata Motors Group net profit grew three-fold to Rs 5,177 crore in the three months to March from over Rs 1,717 crore a year ago.

Tuesday’s session turned out to be a choppy day of trade for Indian equity markets with frontline gauges ending the session with marginal losses as traders opted to book profits after markets witnessed sharp up-move in last five trading session. The BSE Sensex closed 57.64 points down at 26,667.96, while NSE Nifty settled 18.40 points down at 8,160.10.

Below are 7 stocks which remained in news today

Tata Motors: Shares of the automaker closed 9 per cent higher after it reported a remarkable turnaround of its struggling domestic unit. Tata Motors Group net profit grew three-fold to Rs 5,177 crore in the three months to March from over Rs 1,717 crore a year ago.

Sun Pharma: Shares of the pharma major closed 6 per cent down after it reported a consolidated net profit of Rs 1,713.69 crore for the fourth quarter ended March 31, 2016. The company had posted a net profit of Rs 889.24 crore for the same period of the previous quarter.

Aurobindo Pharma: Stocks of the pharma company closed 4.12 per cent higher at Rs 785.55 after it posted a consolidated net profit at Rs 562.85 crore for the fourth quarter ended March 31. The company had posted a net profit of Rs 403.8 crore in the January-March period of the previous fiscal.

Bhushan Steel: Stocks of the debt-laden company settled 1.37 per cent down after it reported widening of its standalone net loss to Rs 670.47 crore for the quarter ended March 31. The embattled firm had posted a net loss of Rs 360.77 crore in the year-ago period, it said in a regulatory filing.

Monsanto: Stocks of the company closed 3.62 per cent up after it reported a net profit of Rs 24.08 crore for the quarter ended March 31, helped by higher income. The company had reported a net loss of Rs 8.25 crore in the same period a year ago.

Unitech: Stocks of the realty firm closed 2 per cent down after it reported consolidated net loss widened to Rs 539.47 crore in the fourth quarter ended March on account of lower income from operations. The company had reported a net loss of Rs 162.54 crore in the corresponding quarter of 2015.

Reliance Communications: Shares of Reliance Communications (Rcom) fell by nearly 4 per cent after it reported a 22.36 per cent drop in the consolidated net profit for quarter ended March 31, 2016.

 

 

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