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  1. Aditya Birla Fashion and Retail, UCO Bank among 10 stocks that made news today

Aditya Birla Fashion and Retail, UCO Bank among 10 stocks that made news today

UCO Bank stocks closed 5.94 per cent down at Rs 34.05 after it reported a net loss of Rs 1,715.1 crore for the March quarter on account of surge in bad loans.

By: | Updated: May 13, 2016 5:49 PM
Stocks that made news today UCO Bank stocks closed 5.94 per cent down at Rs 34.05 after it reported a net loss of Rs 1,715.1 crore for the March quarter on account of surge in bad loans.

The BSE Sensex and NSE Nifty fell over 1 per cent on Friday after consumer inflation data raised the prospect the RBI would keep interest rates on hold, sending lenders such as State Bank of India  sharply lower. Sensex dropped 300.65 points to end at 25,489.57, while NSE Nifty settled below 7,820 by falling 85.50 points to 7,814.90.

Below are the 10 stocks that are in focus today

Aditya Birla Fashion and Retail (ABFR): Shares of the company closed 4.48 per cent up at Rs 158.60 after the company informed bourses that it has signed an exclusive deal to bring the Simon Carter designer wear brand into India. Simon Carter is a London-based designer brand with a quirky English touch.

UCO Bank: Stocks of the state-owned bank closed 5.94 per cent down at Rs 34.05 after it reported a net loss of Rs 1,715.1 crore for the March quarter on account of surge in bad loans.

Crompton Greaves Consumer Electricals: Crompton Greaves demerged consumer business, Crompton Greaves Consumer Electricals listed on BSE and NSE on Friday as a separate entity. On the BSE the scrip listed at Rs 126.20 and on the NSE it kicked off trading at Rs 129. Later, the share price of the company hit upper circuit and surged 5 per cent to Rs 132.50.

Eicher Motors: Shares of the company closed 3.82 per cent down at Rs 18995.75 after two of its promoters and Eicher Goodearth Trust sold 4.2 per cent stake in the company for Rs 2,100 crore.

Marsons: Share price of the company closed 1.82 per cent up at Rs 13.98 after the company announced that it is in final stage of discussion for taking over a considerable stake in a Dubai based LLC Trading Company for amount of $5 million dollars. The Dubai based trading company is having a strong presence in the Middle East and GCG region which will benefit Marsons to explore the lucrative market of the region.

Glenmark Pharmaceuticals: Stocks of the company closed 1.24 per cent up at Rs 868.75 after it reported over 13-fold jump in consolidated net profit to Rs 143.04 crore for the March quarter on the back of robust sales across all markets including the US, Europe and India. The Mumbai-based firm had posted a net profit of Rs 10.61 crore during the January-March period of 2014-15 fiscal.

Indian Bank: Stocks of the company closed 6.23 per cent up at Rs 91.20 after it reduced the interest rates on home and vehicle loans by up to 0.20 per cent with immediate effect.

Nestle India: Stocks of the company ended 7.44 per cent up at Rs 6128.50 after it reported a 19.11 per cent decline in net profit to Rs 259 crore for the March quarter.

Dr Reddy’s Laboratories: Stocks of the pharma company closed 2.08 per cent down at Rs 2912.10  after its consolidated net profit declined by 85.6 per cent to Rs 74.6 crore for the March quarter on account of provisioning for outstanding receivables from the Venezuelan market.

Vijaya Bank: Stocks of the bank ended 2.64 per cent down at Rs 31.30 after it reported a 26 per cent decline in net profit to Rs 71.31 crore for the March quarter. The bank had a net profit of Rs 96.80 crore in the January-March quarter of 2014-15 fiscal.

 

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