Buying activity which took place during last leg of trade mainly drove the markets higher and key domestic benchmarks negotiated a close in the green territory, breaching their four days losing streak. The BSE Sensex closed 75.11 points up at 25,305.47, while Nifty 50 index settled 17.80 points up at 7,748.85.
Below are 10 stocks which remained in news today:
Britannia Industries, Westlife Development, Jubilant FoodWorks: Shares of Britannia Industries, Westlife Development and Jubilant FoodWorks remained in focus on Tuesday after a Centre for Science and Environment (CSE) survey showed that nearly 84 per cent of 38 commonly available brands of pre-packaged breads including pav, buns and pizza, tested positive for potassium bromate and potassium iodate, banned in many countries as they are listed as ‘hazardous’ for public health.
Tata Power: Tata Power shares jumped as much as 2.82 per cent on Tuesday after the company reported 126.37 per cent rise in consolidated net profit figures at Rs 360.25 crore for the quarter ended March 2016 against Rs 159.14 crore in the same quarter last year.
Novartis India: Novartis India gained over 15 per cent after the company stated that its board will meet on 26 May to consider share buyback.
Monsanto India: Monsanto India gained over 3 per cent after the government withdrew a notification capping royalty fee for new genetically-modified (GM) seed technology amid opposition from the crop biotech industry.
VRL Logistics: Stocks of the company closed 19.99 per cent down at Rs 315.10 after promoters of VRL Logistics on Monday said they plan to start a regional airline. The chairman of the transport and logistics firm Vijay Sankeshwar alongwith Managing Director Anand Sankeshwar express their intent to enter the new business activity in a letter to the Board of Directors.
Dish TV: DTH service provider Dish TV India on Monday reported nearly 14-fold jump in consolidated net profit at Rs 482.77 crore for the March quarter on account of deferred tax expense of Rs 402.90 crore. The company had posted a net profit of Rs 34.94 crore for the January-March period of 2014-15 fiscal. However, shares of Dish TV slipped 5 per cent to Rs 83.80.
Chennai Petroleum Corporation: The company on Monday reported a 27.14 per cent decline in net profit at Rs 265.59 crore for the quarter ended March 31, 2016. It had posted a net profit of Rs 364.57 crore during the same period of the previous fiscal. Shares of the company closed 3 per cent down at Rs 196.85.
National Fertilizers: National Fertilizers shares hit their new 52-week high of Rs 35.55 on Tuesday after the company on Monday reported 131.26 per cent rise in net profit figures at Rs 31.44 crore for the quarter ended March 31, 2016.