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  1. Top 10 stocks that trended in today’s trade: SpiceJet, Interglobe Aviation, Supreme Petrochem and more

Top 10 stocks that trended in today’s trade: SpiceJet, Interglobe Aviation, Supreme Petrochem and more

SpiceJet shares closed 11.22 per cent up at Rs 78.80 after the company posted a net profit of Rs.238.39 crore in the December quarter, against a net loss of Rs.275.02 crore in the year-ago period.

By: | New Delhi | Updated: January 25, 2016 4:47 PM
Stocks in focus

SpiceJet shares closed 11.22 per cent up at Rs 78.80 after the company posted a net profit of Rs.238.39 crore in the December quarter, against a net loss of Rs.275.02 crore in the year-ago period. (Photo: Reuters)

The BSE Sensex and NSE Nifty closed flat on Monday after Europe showed signs of dithering amid volatility in crude oil prices ahead of the derivatives contracts’ expiry later in the week. Sensex gained 50.29 points to end at 24,485.95, while Nifty settled 13.70 points up to close at 7,436.15.

Below are the top 10 stocks that remained in focus today:

Interglobe Aviation (IndiGo): Shares of the company closed 6.79 per cent down at Rs 903 on the back of investor concerns over the targeted fleet size by March. InterGlobe Aviation on Thursday (Jan 21) reported a 23.7 per cent jump in net profit at Rs 657.28 crore for the three months to December 2015, but said it will miss the 111-fleet target by March following labour issues at Airbus.

Supreme Petrochem: Stocks of the company closed 12.87 per cent up at Rs 114 after the company received an approval for modification of one of the three Polystyrene (PS) producing lines at the plant in villages Amdoshi, Wangani in the state of Maharashtra into a swing line capable of producing 42,500 TPA of SMMA (Styrene Methyl Methacrylate) in addition to PS.

HDFC Bank: Shares of the private lender gained nearly one per cent as its third quarter earnings matched expectations and profit increased 20 per cent year-on-year to Rs 3,357 crore during the quarter, supported by operating profit, net interest income and other income despite higher tax cost.

SpiceJet: Shares of the low-budget carrier surged 11.22 per cent at Rs 78.80 after the company reported net profit for the fourth consecutive quarter during weekend. The company posted a net profit of Rs.238.39 crore in the December quarter, against a net loss of Rs.275.02 crore in the year-ago period.

Cipla Ltd: Shares of the company were trading 0.32 per cent down at Rs 581.50 after it announced completion of selling its entire holding in Hong Kong-based Biomab Holding to Biomab Brilliant for $2.5 million. The company on January 22, 2016 completed the transfer formalities in relation to the divestment of its entire 25 per cent stake held in Biomab Holding Limited, Hong Kong, Cipla said in a BSE filing.

Cairn India: Shares of the company closed 5.31 per cent at Rs 118.90 as the company posted a 99 per cent YoY drop in net profit to Rs 9 crore in the December quarter, as a host of brokerages retained their ratings on the stock.

Adani Power: Shares of the company ended 1.44 per cent up at Rs 28.15 after it has received shareholders’ approval to convert debt or parts those of up to Rs 35,000 crore into fully paid up equity shares of the company.

Unichem Laboratories: Shares of Unichem Laboratories too remained in limelight on Monday after the company reported a 10x growth in its net profit for December quarter. The company’s standalone net profit stood at Rs 20.54 crores. Shares of the company closed 5.46 per cent up at Rs 240.60.

Kansai Nerolac Paints: Shares of the company ended 1.44 per cent up at Rs 267.75 after it reported 28.57 per cent rise in its net profit at Rs 84.42 crore for the quarter ended December 31, 2015 as compared to Rs 65.66 crore for the same quarter in the previous year.

Oil and Natural Gas Corporation Ltd: Stocks of the company closed 1.57 per cent up at Rs 219.85 after it got environmental clearance for drilling 45 development wells and other related infrastructure involving a cost of over Rs 53,000 crore in the Krishna-Godavari basin in Andhra Pradesh. The environmental clearance has been given subject to specific and general conditions.

 

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