The BSE Sensex and NSE Nifty closed lower on Monday, dragged down by index heavyweight Reliance Industries after crude oil fell to its lowest since 2003, while data showed the country’s exports shrunk for a 13th straight month. Sensex plunged 266.67 points to end at 24,188.37, while NSE Nifty settled below 7,400-mark by falling 86.80 points to end at 7,351.
Below are the top 10 stocks that are trending in today’s trade:
Pipavav Defence: Shares of the company closed 12.87 per cent down at Rs 69.40 as the company’s net loss widened during the quarter ended on December 31, 2015-16.
Wockhardt: Shares of the company closed 6.22 per cent down at Rs 1208.30 after the USFDA made nine ‘observations’ highlighting violations of its norms by the drug maker’s new facility at Shendra in Aurangabad, and recall of 62,555 bottles of its antibiotic tablets in the US market.
Lincoln Pharmaceuticals: Shares of the company hit lower circuit limit on Monday after the company informed BSE that its highest selling Chloramphenicol Sodium Succinate injection has been banned in Tanzania and the company’s registration has also been cancelled there. The share price of the company fell 20 per cent to Rs 179.20 on BSE.
TTK Prestige: The kitchen appliances firm reported a 32.57 per cent jump in net profit at Rs 37.2 crore for the quarter ended December 2015, on account of higher sales. The company posted a net profit of Rs 28.06 crore during the corresponding period of the previous fiscal. Later, the share price of the company settled 3.58 per cent down at Rs 4176.00.
Kotak Mahindra Bank: Shares of the bank were trading 1.03 per cent down at Rs 669.00 (3.20 pm) after the private lender posted a 30.3 per cent increase in net profit to Rs 938.31 crore for the third quarter ended December 31.
Wipro: Stocks of the IT major are in focus as the company on Monday posted a jump of 1.8 per cent to Rs 2,234.1 crore in its consolidated net profit for the third quarter. Shares of the IT major later settled 0.72 per cent up at Rs 547.35.
Maruti: Country’s largest carmaker Maruti Suzuki India has hiked prices of its vehicles across models by up to 12,000, joining others like Honda, Toyota Kirloskar, Tata Motors and Skoda in taking such a step from this month. The share price of the company ended 1.07 per cent down at Rs 4227.60.
Aurobindo Pharma: Shares of the company closed 1.80 per cent down at Rs 800.05 after the company received approval from the US Food & Drug Administration (USFDA) to manufacture and market Tranexamic Acid Injection and another approval to manufacture and market Paricalcitol Capsules.
Reliance Communications: Billionaire Mukesh Ambani-led Reliance Jio on Monday signed strategic partnership agreement with younger sibling Anil’s Reliance Communications to share spectrum for providing high-speed telecom services. Later, the share price of the company 1.80 per cent down at Rs 800.05.
Oberoi Realty: Shares of the company were trading 2.24 per cent up at Rs 255.70 (9.26 am) after it sold 645 housing units for about Rs 1,775 crore in the third quarter of this fiscal, largely in its newly-launched residential project at Borivali in Mumbai. Later the share price of the company wiped off initial gains and closed 0.84 per cent down at Rs 248.00.
