Rajesh Exports, Sutlej Textiles among 10 stocks that hogged limelight today

By: | Updated: May 12, 2016 4:47 PM

Rajesh Exports stocks closed 3.69 per cent up at Rs 582.75 after the company said its Board will meet next month to consider an acquisition in the Middle East to expand its global footprint.

Stocks that hogged limelight todayRajesh Exports stocks closed 3.69 per cent up at Rs 582.75 after the company said its Board will meet next month to consider an acquisition in the Middle East to expand its global footprint. (Photo: PTI)

The BSE Sensex and NSE Nifty closed higher on Thursday, led by lenders such as ICICI Bank, after Rajya Sabha passed a new bankruptcy code to address corporate debts and improve the ease of doing business. Sensex closed 193.20 points at 25,790.22, while NSE Nifty ended 51.55 points up to 7,900.40.

Below are the 10 stocks that are in focus today

Rajesh Exports: Stocks of jewellery exporter and retailer closed 3.69 per cent up at Rs 582.75 after the company said its Board will meet next month to consider an acquisition in the Middle East to expand its global footprint.

Nestle India: Shares of the company closed 1.83 per cent up at Rs 5700 ahead of its first quarter results. The company’s announced its first quarter results after market hours and announced a drop of 19 per cent to Rs 259 crore in its net profit.

Sutlej Textiles and Industries: Stocks of the company ended 12.25 per cent up at Rs 593.70 after it reported a 78 per cent rise in net profit to Rs 48.81 crore in the March quarter, on the back of higher income from yarn and fabric segment. The company’s net profit in the corresponding quarter of the last fiscal stood at Rs 27.42 crore.

Asian Paints: Stocks of the company hit their new all-time high of Rs 928 on Thursday after the company on Wednesday reported 19.88 per cent rise in its consolidated net profit figures at Rs 408.75 crore for the quarter ended March 2016 against Rs 340.97 crore in the same quarter a year ago. Later, the shares of the company closed 2.13 per cent up at Rs 926.75.

Banking stocks: Stocks of banking companies remained in limelight on Thursday after the Rajya Sabha approved the Insolvency and Bankruptcy Code Bill on Wednesday. The bill will address bank debts and improve ease of doing business in India.

Arvind Ltd: Share price of the company ended 2.19 per cent up at Rs 301.35 after the company reported 128.76 per cent year-on-year (yoy) rise in its consolidated net profit figures for the quarter ended March 2016.

Apollo Tyres: Stocks of the company closed 3.39 per cent up at Rs 158.60 after it on Wednesday reported 20.26 per cent rise decline in its consolidated net profit at Rs 245.16 crore for the fourth quarter ended March 31, hit by import of Chinese tyres into the country.

Srei Infrastructure: Shares of the company closed 3.89 per cent up at Rs 60.15 after the company reported 52.48 per cent rise in its consolidated net profit figures at Rs 20.54 crore for the quarter ended March 2016 against Rs 13.47 crore in the same quarter last year. The scrip was trading 3.89 per cent up at Rs 60.15.

 

Dr Reddy’s Laboratories: Stocks of the company closed 3.65 per cent up at Rs 2973.85 after it registered 85.62 per cent fall in consolidated net profit figures at Rs 74.60 crore for the quarter under review. It had posted a net profit of Rs 518.80 crore in the same quarter last year.

Sanofi India: The company is recalling some batches of its painkiller Combiflam in India after the country’s drugs regulator found the lots were substandard, the French drugmaker’s local unit said on Thursday. Stocks of the company closed 0.27 per cent up at Rs 4330.

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