After opening over 100 points up, the BSE Sensex and NSE Nifty closed on a flat note on Wednesday ahead of US Federal Reserve policy statement due later in the day. Sensex inched up by 6.44 points to end at 24,492.39, while Nifty settled at 7,437.75 by gaining 1.60 points.
Below are the top 12 stocks that made news today:
Havells India: Stocks of the company closed 0.61 per cent down at Rs 300 after the electrical goods maker reported an increase of 3.92 per cent in standalone net profit at Rs 120.77 crore for the December quarter.
Nalco: Shares of the Navaratna PSU closed 0.43 per cent up at Rs 34.85 after the company lined up Rs 30,000 crore investment in various projects in the next five years.
Vardhman Textiles: Shares of the company were trading 5.71 per cent up at Rs 757.50 (12.54 pm) after the company reported a strong 66 per cent year on year growth in consolidated net profit at Rs 161 crore for the third quarter ended December 31, 2015 due to lower raw material cost. Later, the share price of the company closed 0.48 per cent up at Rs 720.
InterGlobe Aviation: Stocks of IndiGo’s parent InterGlobe Aviation closed 3.29 per cent up at Rs 932.75 after the budget carrier said that it is in discussions with aircraft maker Airbus regarding the delay and revised schedule for the delivery of new planes.
NBCC: Stocks of the real estate company ended 3.35 per cent up at Rs 962.10 after it bagged work order from ITPO for re-development of Pragati Maidan in New Delhi for an estimated cost of Rs 2,149 crores.
Reliance Power: Shares of the company settled 1.11 per cent up at Rs 50.30 as it is looking to exit the stalled 4,000 MW Krishnapatnam power project. The company has written to Andhra Pradesh government suggesting that it could be done on similar lines to that of Tilaiya UMPP, which was acquired by procurers from the company.
Adani Power: Shares of the company ended 0.89 per cent up at Rs 28.40 after it won the latest auction for solar energy projects with bids of Rs 4.78 per unit, higher than the record low of Rs 4.34 set this month.
Persistent Systems: Shares of the mid-sized IT firm settled 4.70 per cent up at Rs 636.55 as it is eyeing $1 billion in revenue and will focus on acquisitions to achieve the target. In the first nine months of the fiscal, the company clocked 9.9 percent growth in its dollar revenues at $251.20 million. The company had set up a dedicated team for mergers and acquisitions. The company has cash and equivalents of Rs 870 crore as of December 31.
Reliance Communications (RCom): The company is increasing its capital expenditure for the current financial year and next fiscal to about Rs 4,000 crore as it plans to increase its focus on 3G and 4G services. Separately, the company is also inching towards closing its tower deal, which is expected to be sealed within a fortnight. The company controlled by billionaire Anil Ambani had earmarked a capex of Rs 3,000 crore for this financial year, which is now being increased by another Rs 1,000 crore. The company’s capex for the previous financial year stood at Rs 1,500 crore. The share price ended 3.89 per cent down at Rs 63.05.
Supreme Industries: Shares of the company ended 4.25 per cent up at Rs 715.60 after it reported more than twofold increase in consolidated net profit at Rs 82.14 crore for the quarter ended December 31, on account of lower expenses.
Somany Ceramics: Shares of the tile maker closed 2.37 per cent down at Rs 362.00 after it reported an increase of 25.77 per cent in its standalone net profit at Rs 13.86 crore for the third quarter ended December 31, 2015.
Indosolar: Indosolar said the company’s bankers are not considering debt restructuring proposal. The company said the lenders are exploring the possibility of sale of its assets or to invoke change in management of the firm. The share price of the company closed 4.96 per cent down at Rs 10.16.