PNC Raebareli Highways Pvt Ltd has commissioned the two-laning project of Raebareli-Jaunpur section of NH-231 more than 3 months ahead of the scheduled time.
Domestic equity indices BSE Sensex and NSE Nifty pared their day’s losses in the last half hour of trade and settled flat on Wednesday ahead of long weekened. The 30-share Sensex closed 7.07 points up at 25,337.56, while Nifty 50 settled 1.60 points up at 7,716.50
- Sensex ends in red for fourth day running, Nifty support placed at 18,000, expect recovery next week
- Share Market Highlights: Sensex ends at 60,821, Nifty closes at 18,114; ITC, Maruti, Infosys top laggards
- Nifty may see more weakness till it remains below 18450, Bank Nifty may surge if it holds 39300
Below are 10 stocks that remained in news today:
Bajaj Finance: Bajaj Finance is entering the Rs 20,000-crore life care segment under which it will finance expenses for stem cells storage units, cosmetics-based hair treatment, dental and eye care, IVF & maternity care, laproscopic cure for a dozen ailments, and elective medical/paramedical care for many other issues. Shares of Bajaj Finance closed 3.78 per cent up at Rs 6,877.05.
Kotak Mahindra Bank: Reserve Bank of India (RBI) has approved foreign investment limit in Kotak Mahindra Bank to 55 per cent. The current limit for Foreign Institutional Investors (FIIs)/ sub-accounts of FIIs, Foreign Portfolio Investors (FPIs) and Qualified Foreign Investors (QFIs) approved by the Board of Directors remains at 40 per cent. Kotak Mahindra Bank shares settled 0.16 per cent down at Rs 663.
Shree Renuka Sugars: Shree Renuka Sugars has been downgraded to default with rating agency Icra citing delays in debt servicing. Icra has downgraded close to Rs 6,500 crore of the company’s various debt instruments to “ICRA D” or a default rating. Shree Renuka Sugars shares closed 6.04 per cent down at Rs 14.15.
Edelweiss: Edelweiss Asset Management announced the acquisition of global giant JP Morgan’s mutual fund business in India that has assets worth over Rs 7,000 crore, marking yet another exit of a foreign fund house from the over Rs 13 lakh-crore industry. Edelweiss shares settled 1.81 per cent up at Rs 59.10.
Kalpataru Power Transmission: Kalpataru Power Transmission Ltd (KPTL) said it has secured orders worth Rs 1,320 crore from Power Grid Corp. Shares of KPTL closed 4.74 per cent up at Rs 214.55.
Kesoram Industries: Shares of Kesoram Industries on Wednesday surged over 7 per cent intraday as the company sold stakes worth Rs 428.53 crore in several listed companies, including Aditya Birla Nuvo and Grasim Industries, through open market transactions as part of its efforts to enhance cash inflow. Kesoram shared ended the day at Rs 102.55, up 0.98 per cent against their previous close.
Maruti Suzuki: Maruti Suzuki India (MSI) has received 20,000 bookings within the first fortnight of the launch of compact SUV Vitara Brezza while it will start delivering the new model to customers from Friday. Maruti Suzuki shares closed 0.98 per cent up at Rs 3,735.70.
Emami Paper Mills: Emami Paper Mills on Tuesday announced that the company will start its commercial production for manufacturing of Multi-Layer Coated Board Paper with an installed capacity of 1,32,000 tonnes per annum, on and from March 25, 2016 at its existing Plant at Balgopalpur, Balasore, Odisha. Emami Paper Mills closed 0.46 per cent up at Rs 43.50.
Cadila Healthcare: Cadila Healthcare has received a Notice of Concern (NoC) or warning from the World Health Organisation (WHO) for violations of good manufacturing practices at its vaccine plant in Moraiya in Sanand district of Gujarat. Cadila Healthcare shares closed 0.90 per cent down at Rs 320.30.
PNC Infratech: PNC Raebareli Highways Pvt Ltd has commissioned the two-laning project of Raebareli-Jaunpur section of NH-231 more than 3 months ahead of the scheduled time. The PNC Infratech’s wholly-owned subsidiary was awarded the project under NHDP IV on build, operate and transfer (BOT) (Annuity) basis. Shares of PNC Infratech settled 8.90 per cent up at Rs 528.