The BSE Sensex and NSE Nifty snapped the three-day losing streak and closed over 1 per cent up on Tuesday on the back of buying in beaten blue chips counters and taking cues from global counterparts. Sensex closed 291.47 points up at 24,479.84, while NSE Nifty 50 index settled 84.10 points up at 7435.10.
Below are the stocks that remained in focus today
Reliance Industries: Shares of the company closed 2.51 per cent up at Rs 1043.60 ahead of its Q3 results later in the day. Market experts are predicting a double digit growth from the quarter ended December 2015.
Bharat Bijlee: Shares of the company closed 19.97 per cent up at Rs 811.00 after the company posted 317.36 per cent year-on-year growth in its net profit figures to Rs 8.89 crore for the quarter ended December 2015. The company made a net loss of Rs 4.09 crore in the corresponding quarter a year ago.
Lincoln Pharma: Shares of the pharma company hit lower circuit on Tuesday after the scrip fell 9.99 per cent to Rs 161.30 (12.20 pm). It had on Monday said its highest selling Chloramphenicol Sodium Succinate injection has been banned in Tanzania and the company’s registration has also been cancelled there. Chloramphenicol Sodium Succinate Injection is an antibiotic used to treat serious bacterial infections.
HCL Tech: Stocks of the company settled 0.58 per cent down at Rs 838.50 after India’s fourth-largest software services exporter reported 0.2 per cent rise in consolidated net profit at Rs 1,920 crore for the second quarter ended December 31, 2015.
Rallis India: Stocks of the company settled 5.26 per cent down at Rs 149.55 after the company on Monday reported a 20 per cent fall in its consolidated net profit at Rs 20.41 crore for the December quarter. The company reported a net profit of Rs 25.49 crore in the year-ago period.
Strides Shasun: Shares of the company closed 3.83 per cent up at Rs 1051.10 as it has got competition watchdog CCI’s approval to acquire seven brands from consumer healthcare firm Johnson and Johnson.
Reliance Power: Stocks of the company closed 3.80 per cent up at Rs 50.50 after it posted a 38 per cent jump in its consolidated net profit at Rs 351.81 crore for the December quarter, riding on a two-fold increase in electricity generation.
Mindtree: Shares of the company closed 1.58 per cent down at Rs 1446.40 after it has posted a 7.2 per cent rise in net profit at Rs 150.9 crore for the December quarter on strong growth across segments, and also announced a recast of its top management.
Pipavav Defence: Reliance Infrastructure Ltd (RInfra) recently said it has taken over the management and control of Pipavav Defence and Offshore Engineering Co Ltd (PDOC) with Anil Ambani as its Chairman. The stocks of the company closed 9.08 per cent up at Rs 75.70.
Subex: Shares of the company closed 3.81 per cent up at Rs 10.08 after it launched a new version of the industry leading Fraud Management solution, ROC Fraud Management 8.3.