7 top stocks that remained in focus today: GMR Infrastructure, Spicejet and more

SpiceJet shares closed 5.07 per cent down at Rs 63.70 on reports that the company has allegedly defaulted on payments to the Airports Authority of India (AAI) towards landing, parking and route navigation charges, among others, and its total dues stand at Rs 155.49 crore.

Stocks in focus today
ICICI Bank stocks were trading 1.46 points down at Rs 259 (9.37 am) after it reported 25 per cent fall in net profit at Rs 2232.35 crore for the quarter ended June 30, 2016 against Rs 2976.16 crore in the corresponding quarter a year ago.

The BSE Sensex and NSE Nifty slumped on Friday as investors remained cautious ahead of upcoming macro-economic data coupled with the logjam in Parliament over GST passage and a likely US rate hike. Sensex ended 207.89 points down at 25,044.43; whereas Nifty50 slumped 72.85 points to settle at 7,610.45.

Below are the top 6 stocks that remained in focus in Friday’s trade

GMR Infrastructure: Share price of the company was trading 0.32 per cent up at Rs 15.85 in morning trade after it informed BSE that the management committee of the board of directors of the company has approved the allotment of foreign currency convertible bonds to Kuwait Investment Authority as per the terms disclosed in the Company’s announcement dated December 04, 2015. Later, the share price of the company closed 3.80 per cent down at Rs 15.20.

Texmaco Rail and Engineering: Share price of the company were trading up 6.58 per cent at Rs 147.30 in early trade. The share price of the company jumped after it informed BSE on Thursday post market hours that a four-company consortium of Texmaco Rail & Engineering, Kolkata, Hitachi Ltd, Mitsui & Co and Hitachi India, a Hitachi subsidiary has won a contract for the design and construction of Signal and Telecom works – STP5, a part of the dedicated freight corridor traversing India’s biggest industrial cluster between Delhi and Mubai from the Dedicated Freight Corridor Corporation of India. The share price of the company later closed 1.17 per cent up at Rs 38.80.

Titan Company: Shares of the company gained as much as 4.21 per cent in the morning trade after the company informed BSE that the Reserve Bank of India has permitted foreign institutional investors (FIIs) to invest upto 35 per cent of the paid up capital under the Portfolio Investment Scheme. Later, the scrip settled 2.66 per cent down at Rs 353.05.

Suven Life Sciences: Shares of the company closed 1.55 per cent up at Rs 254.80 after the company announced that it has secured four product patents in Eurasia, Europe, Israel and Macau for the treatment of disorders associated with Neurodegenerative diseases. The patents will be valid through 2030.

Auto stocks: Shares of the auto companies remained in focus as the National Green Tribunal ordered that diesel-run vehicles will not be registered in Delhi and there will be no renewal of registration of such vehicles which are more than 10-year-old. Reacting on the news, the share price of Mahindra and Mahindra and Ashok Leyland declined 1.92 per cent and 2.98 per cent to Rs 1,266.20 and Rs 86.40 on Friday. Car maker Maruti Suzuki shares fell 0.34 per cent to Rs 4,481.40. On the other hand, share price of city-based CNG provider Indraprastha Gas climbed nearly 3.32 per cent to Rs 481.15.

SpiceJet: Share price of the low-cost airline closed 5.07 per cent down at Rs 63.70 on Friday on reports that the company has allegedly defaulted on payments to the Airports Authority of India (AAI) towards landing, parking and route navigation charges, among others, and its total dues stand at Rs 155.49 crore.

Steel companies: Share price of steel majors gained on reports that government is likely to impose more curb on steel imports. Tata Steel, SAIL and JSW Steel ended 3.41 per cent, 1.47 per cent and 0.90 per cent up at Rs 240.95, Rs 45 and Rs 968.50, respectively. The BSE Metal index closed 0.23 per cent up at 6902.75.

 

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