Adani Ports stocks ended 11.98 per cent down at Rs 207.65 after APSEZ on Tuesday reported a 38 per cent jump in its consolidated net profit to Rs 914.06 core for the March quarter on account of rise in income.
The BSE Sensex and NSE Nifty fell fell for a third straight session on Wednesday on disappointment over quarterly earnings, including that of Adani Port which slumped nearly 12 percent, while regional markets languished due to global growth and deflation worries. Sensex closed 127.97 points down at 25,101.73, while NSE Nifty ended
40.45 points down at 7,706.55.Below are the 10 stocks that are trending in Wednesday’s trade
Below are the 10 stocks that made news today
Adani Ports: Stocks of the company ended 11.98 per cent down at Rs 207.65 after Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday reported a 38 per cent jump in its consolidated net profit to Rs 914.06 core for the March quarter on account of rise in income. The company had clocked a net profit of Rs 660.73 crore in the same quarter of the 2014-15 fiscal.
JSW Energy and Jindal Steel: Indian billionaire Sajjan Jindal’s JSW Energy has agreed to buy a 1,000 megawatt power plant from his brother’s heavily indebted Jindal Steel and Power (JSPL) in a deal valued at up to $976 million, the companies said on Wednesday. JSPL shares ended 3.48 per cent down at Rs 66.60, while JSW Energy shares closed flat at Rs 66.60.
Repco Home Finance: The company on Wednesday said it will raise up to USD 40 million (about Rs 265 crore) by issuing debentures to World Bank arm IFC. Shares of the company closed 1.57 per cent down at Rs 616.00.
BGR Energy Systems: BGR Energy Systems, a Chennai-based EPC and BoP contracting company for the power and oil & gas sector, on Tuesday said it has reached an agreement with its joint venture partners Hitachi, Japan (HTC) and Hitachi Power Europe GmbH (HPE), Germany, to settle their outstanding disputes that have been impacting the execution of a slew of power projects in the country. Stocks of the company closed 5.19 per cent down at Rs 111.50.
Alstom T & D India: Stocks of the company will be in focus as its standalone net profit fell by 44 per cent year-on-year to Rs 29.87 crore in the quarter ended on March 31, 2016. Stocks of the company ended 6.33 per cent down at Rs 354.20.
MRF: Stocks of tyre manufacturer will be in focus as the company has reported a 13.01 per cent rise in its net profit at Rs 375.9 crore for the fourth quarter ended March 31. The company had posted a net profit of Rs 332.6 crore in the same period a year ago.
Shoppers Stop: Stocks of the company ended 2.88 per cent down at Rs 384.05 as it reported a marginal decline of 1.16 per cent in standalone net profit at Rs 10.17 crore for the fourth quarter ended March 31, 2016.
Indiabulls Real Estate (IBREL): The company on Wednesday said it has now has a majority stake of 51.18 per cent in Singapore-listed business trust IPIT after acquisition of 2.77 crore shares by its subsidiary. Stocks of the company closed -3.01 per cent down at Rs 67.65.