Inox Wind, ABG Shipyard, Emami among 10 stocks that hogged limelight in Friday’s trade

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Updated: May 6, 2016 5:41:13 PM

Inox Wind shares plunged 16.92 per cent on BSE despite the company reported 77 per cent year-on-year growth in net profits for the quarter ended March 2016.

Stocks that remained in focus todayInox Wind shares plunged 16.92 per cent on BSE despite the company reported 77 per cent year-on-year growth in net profits for the quarter ended March 2016.

The BSE Sensex and NSE Nifty fell marginally on Friday as investors turned cautious ahead of a US payrolls report for April that could influence bets on future US rate hikes. Sensex ended  33.71 points down at 25,228.50, while NSE Nifty closed 2.05 points down to settle at 7,733.45.

Below are the 10 stocks that are in focus today

Inox Wind: Shares of the company plunged 16.92 per cent on BSE despite the company reported 77 per cent year-on-year growth in net profits for the quarter ended March 2016.

Pfizer: Stocks of the company ended 2.66 per cent at Rs 1792.35 after it reported a 56.9 per cent rise in its stand-alone net profit at Rs 66.9 crore for the March quarter.

Diamond Power Infrastructure: Share price of the hit upper circuit of 9.93 per cent on the BSE after the company said, the board will meet on Monday, May 16, 2016, to evaluate various debt re-alignment options including stake sale to strategic investor and re-organisation of company’s various businesses.

Multi Commodity Exchange of India (MCX): Share price of the company closed 3.25 per cent down at Rs 886.60 after the commodity exchange on Thursday reported 45.02 per cent year-on-year (yoy) fall in net profit figures at Rs 27.10 crore for the quarter ended March 2016.

Talwalkars Better Value Fitness: Shares of the company ended 3.80 per cent up at Rs 202.10 after the company reported 13 per cent year-on-year (yoy) rise in its consolidated net profit at Rs 20.20 crore for the quarter ended March 2016. It had posted a net profit of Rs 17.88 crore in the same quarter last year.

ABG Shipyard: Shares of the company hit 52-week-low and tumbled 20 per cent on reports that the promoters of the debt-laden ship maker may have to give up control of the company after they failed to bring in an investor, yet again. Vietnam-based Masan Group was earlier in talks with ABG Shipyard for a stake sale, but it is now understood that Masan has withdrawn interests in acquiring strategic stake in the company.

AI Champdany Industries: Stocks of the company closed 3.35 per cent down at Rs 26 after it entered into a final sale agreement on May 4, 2016 with P&A Distilleries for sale of West Bengal unit at a consideration of Rs 16 crore. Accordingly the company has received the consideration money and the unit has been handed over to the buyer on May 04, 2016.

Eicher Motors: Stocks of the company ended 2.69 per cent up at Rs 20216.80 after it reported a 71.3 per cent increase in its consolidated net profit at Rs 334.5 crore for the March quarter on account of robust sales across business verticals.

ITC: Stocks of the company were trading 2.38 per cent down at Rs 310.00 (9.29 am) after its cigarette factories have been shut since Wednesday and will remain so till the time it is able to comply with “interim requirements” of 85 per cent pictorial warnings. Later, the stocks ended 0.11 per cent down at Rs 317.20.

Emami: Stocks of the company ended 6.20 per cent up at Rs 1039.20 as it has reported 45.16 per cent decline in consolidated net profit at Rs 75.85 crore for the fourth quarter ended March 31, on account of amortisation of Kesh King intangibles.

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