Sintex Industries stocks closed 6.88 per cent down at Rs 94.05 on lower growth guidance due to Euro depreciation, fall in commodities and weak demand from auto companies.
The BSE Sensex and NSE Nifty closed in negative terrain on Monday on the back of continued worries about Chinese equities. Sensex ended 109.29 points down at 24,825.04, while Nifty settled 37.50 points down to settle at 7,563.85. Track how stock markets performed today
Below are the top 8 stocks that remained in focus today:
Sun TV: Shares of the company stocks closed 3.25 per cent down at Rs 408.45 after former telecom minister Dayanidhi Maran, his brother and Sun Group chief Kalanithi Maran, and four others were charge sheeted by the Enforcement Directorate in the Special 2G court in connection with a money laundering case lodged in the Aircel-Maxis deal.
Sintex Industries: Stocks of the plastic and textiles company closed 6.88 per cent down at Rs 94.05 on lower growth guidance due to Euro depreciation, fall in commodities and weak demand from auto companies.
Tata Steel: Stocks of the company closed 0.67 per cent down at Rs 252.00 after its sales rose by 10 per cent to 2.35 million tonnes (MT) in the quarter ended December 31, up from 2.13 MT in the year-ago period.
Cadila Healthcare: Shares of the pharma company closed 1.61 per cent up at Rs 315.10 after the drug firm said it has received Establishment Inspection Report (EIR) for Baddi manufacturing plant from the US health regulator after successful inspection closure.
IFCI: Stocks of IFCI were trading 1.28 per cent down at Rs 26.95 (at 10.03 am) after it reduced its Benchmark Rate ‘IFCI Benchmark Rate (IBR)’ from 12.00 per cent per annum to 11.70 per cent per annum with monthly rests. This new IBR shall be applicable from January 18, 2016. Later, shares of the company closed 0.55 per cent down at Rs 27.15.
Tata Motors: Shares of the auto major closed 2.04 per cent up at Rs 360.65 o after Jaguar Land Rover (JLR) achieved a record global sales in 2015 with the premium luxury vehicles’ manufacturer retailing 4,87,065 vehicles, its highest figure yet and a five per cent increase from previous year.
Ashok Leyland: Shares of the Hinduja Group flagship firm shares ended 1.65 per cent up at Rs 92.40 after it bagged an order for 680 vehicles and spare parts worth $50 million (over Rs 330 crore) from Zimbabwe.
Tata Power: Stocks of the company closed 2.18 per cent down at Rs 67.15 as it said that it will raise Rs 500 crore by issuing unsecured redeemable non-convertible debentures on private placement basis.