Adani Power shares closed 9.25 per cent up at Rs 30.70 after the company announced that it has incorporated a wholly-owned subsidiary firm, Adani Power (Jharkhand) Ltd.
The BSE Sensex and NSE Nifty ended in green on Monday following their global counterparts amid value buying. Sensex rebounded by 216.68 points to close at 25,735.90, while Nifty jumped 72.50 points to settle at 7,834.45.
Below are the stocks that remained in focus today:
Spicejet: Shares of the budget carrier settled 1.19 per cent up at Rs 68.05 after DGCA traffic data showed that SpiceJet for the seventh consecutive month reported a seat factor of above 90 per cent in November.
Adani Power: Shares of the company closed 9.25 per cent up at Rs 30.70 after it announced that it has incorporated a wholly-owned subsidiary firm, Adani Power (Jharkhand) Ltd.
Indigo: Share price of the low-cost carrier settled 5.56 per cent down at Rs 1079.25 after the company on Saturday said there is no clear visibility about the delivery of A320 neos as delivery of the first aircraft has been delayed by Airbus due to “industrial reasons”. Earlier, the first A320 neo was to be delivered to IndiGo on December 30.
Glenmark Pharmaceuticals: Shares of the pharma major settled 1.58 per cent up at Rs 927.40 after the company announced a patent litigation settlement with Forest Laboratories and Royalty Pharma Collection Trust over anti-depressant drug Savella. The company and its US arm Glenmark Pharmaceuticals Inc have entered into a settlement agreement with Forest Laboratories LLC, Forest Laboratories Holdings Ltd and Royalty Pharma Collection Trust to settle the litigation.
Kesoram Industries: Shares of the company hit upper circuit on Monday after the BK Birla group company on Saturday said its board has approved a proposal for raising up to Rs 650 crore through issue of securities. The share price of Kesoram Industries gained nearly 5 per cent to Rs 114.80 on BSE. On NSE, the scrip climbed 4.99 per cent to Rs 114.75.
Mphasis: Shares of the IT firm were closed 1.21 per cent down at Rs 490.50 after it said that its margins will take a hit of up to 120 basis points in the December quarter owing to recent floods in Chennai. Mphasis has about 3,000 employees in Chennai
Jubilant Life: Share price of the company closed 1.99 per cent up at Rs 427.55 after the Reserve Bank of India (RBI) allowed foreign institutional investors (FIIs) and registered foreign portfolio investors (RFPI) to buy up to 45 per cent stake in Jubilant Life Sciences under the portfolio investment scheme.
Sun Pharma: Shares of the drug major were trading 6.58 per cent down at Rs 738.45 after it received a warning letter from the USFDA over violation of manufacturing norms in its facility at Halol in Gujarat. Later, share price of the company closed 4.55 per cent down at Rs 754.45
IVRCL: Shares of the company were trading 6.53 per cent up at Rs 9.79(at 10.32 am) after the debt-laden infrastructure firm decided to split its Engineering Procurement Construction (EPC) and assets business – land and Build Operate Transfer (BOT) – to float two separate companies. Later, the share price of the company closed 4.79 per cent at Rs 9.63.
Manappuram Finance: Shares of the company ended 1.56 per cent up at Rs 29.25 after it said that it will purchase 100 per cent equity shares of Manappuram Insurance Brokers pursuant to approval received from Insurance Regulatory and Development Authority (IRDA). The regulator has given its approval to Manappuram Insurance Brokers for change in share holding pattern through its letter dated December 18,2015.
MBL Infrastructures (MBL): Shares of the company closed 1.35 per cent up at Rs 218.30 after it was awarded the Project of ‘Rehabilitation and upgradation’ from Jabalpur to Hiran River Section of NH-12 (New NH No. 45) to four -lanes with payed shoulders configuration from 10.400 km to 66.000 km (design length 55.600 kms) in the state of Madhya Pradesh under NHDP- Ill through Engineering, Procurement & Construction (EPC) Basis Contract for the contract price of Rs 414.75 crore from Ministry of Road Transport & Highways.