Chennai Petroleum Corporation shares closed 5.04 per cent down at Rs 191.30 after the company shut its 10.5 million tonnes Manali refinery near Chennai due to floods caused by heavy rainfall in over a century.
The BSE Sensex and NSE Nifty fell nearly 1 per cent on Thursday after hawkish comments from US Federal Reserve Chair Janet Yellen reinforced the case for an interest rate hike later this month. Sensex fell falling 231.23 points to end at 25,886.62, while Nifty slumped 67.20 pts to close at 7,864.15.
Below are the stocka that remained in focus today:
Chennai Petroleum Corporation: Shares of the company closed 5.04 per cent down at Rs 191.30 after the company shut its 10.5 million tonnes Manali refinery near Chennai due to floods caused by heavy rainfall in over a century.
Aditya Birla Nuvo (ABNL): Shares of the company ended 0.59 per cent down at Rs 2105.55 after the company infomred BSE on Wednesday post market hours that it has entered into an agreement with the Canadian insurance major Sun Life to sell around 437 million equity shares constituting 23 per cent of the issued and paid up equity share capital of Birla Sun Life Insurance (BSLI).
Wipro: Stocks of country’s third largest software services firm were trading over 1 per cent up in early trade after it said it will acquire German IT consulting firm cellent AG for 73.5 million euros (about Rs 518 crore). The all-cash deal is expected to close in the March 2016 quarter. Later, the share price of the company closed 0.97 per cent down at Rs 572.15.
Apollo Tyres: Shares of the company closed 3.38 per cent down at Rs 158.55 after the company informed stock exchanges that the production operations of the company’s plant located at Oragadam, Tamil Nadu have been disrupted due to flooding at the factory premises caused by heavy rains in Chennai.
Bhushan Steel: Share price of the steel company gained as much as 18 per cent on Thursday on media reports that the debt-laden company is in the process of getting Rs 3,000 crore from sale and lease-back arrangement for two of its assets, oxygen and coke oven plant in Odhisha. Later, the scrip of the company settled 12.79 per cent up at Rs 48.50. Later, the scrip of the company settled 12.79 per cent up at Rs 48.50.
Tree House: Shares of the company hit upper circuit for the third consecutive trading session on Thursday after the company on Tuesday clarified that there was an error with respect to the promoters’ pledge of shares reported by BSE on their website.
Bharat Seats: The company shares zoomed 20 per cent to Rs 49.40 in the early trade and hit upper circuit on Thursday after the company informed BSE on Wednesday that the Board of Directors on November 10, 2015 have approved policy on preservation of documents and determination of material/ price sensitive information.