TAKE Solutions share price closed 5.54 per cent up at Rs 171.20 after the IT major said that the recent floods in Chennai will impact its revenue and margins for the quarter ended December 31, 2015.
The BSE Sensex and NSE Nifty snapped four day winning streak on Friday and closed in negative terrain on the back of of selling in front line blue chips stocks amid weak global cues. Sensex closed 284.56 points down at 25,519.22, while Nifty settled 82.40 points down at 7,761.95.
Below are the stocks that are in focus today:
TCS, Infosys and Tech Mahindra: Stocks of IT companies were trading lower after American lawmakers in an attempt to restrict visas for skilled foreign workers imposed a special fee of up to $4,500 on the H1B and L1 visas popular among Indian IT companies. H-1B and L-1 visas are work permits that are crucial for Indian IT companies to be able operate in the US, by far the biggest market for most of them. Stocks of Infosys, TCS and Tech Mahindra closed 1.90 per cent, 0.98 per cent and 1.24 per cent down at Rs 1085.95, 2416.45 and 523.30, respectively.
Cafe Coffee Day: Share price of the company gained as much as 2 per cent in morning trade after Citi initiated coverage with ‘Buy’ recommendation. According to Citi, the share price of Coffee Day can touch Rs 315. It says Cafe profitability is likely to improve as the company takes initiatives to raise sales throughput and completed a phase of store rationalisation. Later, the share price of the company closed 0.67 per cent up at Rs 285.50.
Eros International Ltd: Stocks of the company were trading 2.47 per cent up at Rs 266.00 (at 9.45 am) following the release of Bollywood movie ‘Bajirao Mastani’ on Friday, for which Eros International is a distributor. Later, the scrip settled 0.17 per cent up at Rs 260.05.
TAKE Solutions: Share price of the company closed 5.54 per cent up at Rs 171.20 after the IT major on Thursday post market hours said that the recent floods in Chennai will impact its revenue and margins for the quarter ended December 31, 2015.
Bajaj Auto and UPL Ltd: Bajaj Auto and UPL Limited shares closed 1.95 per cent and 1.10 per cent down at Rs 2475.10 and 422.90, respectively on Friday tracking Argentina’s peso that plummeted 26.5 per cent after the country lifted currency controls. Bajaj Auto gets nearly 20 per cent of its revenue from exports to Latin America. According to UPL’s annual report, Argentina contributed Rs 330 crore in FY15 revenues.
Mukta Arts: The share price of Mukta Arts ended 1.63 per cent at Rs 53.15. Mukta Arts’ division – Mukta Cinemas screen count has reached to 36. The company after opening a 2 screen multiplex at Rajpipla on Diwali Day, a 3 screen multiplex at Meerut has become operational on December 18, 2015 with the films ‘Dilwale’ and ‘Bajirao Mastaani’.
Diamond Power Infra: Shares of the company closed 3.17 per cent at Rs 43.90 after it bagged an order from Power Grid.
Vedanta: Shares of the company closed 3.21 per cent down at Rs 84.35 after the company announced that its arm Sesa Goa may suspend iron ore mining in Goa due to the ongoing dispute between the firm and truck operators.