The BSE Sensex gained for fourth day in a row on Friday and closed with gains of 39.49 points to settle at 24,646.48 on heightened chances of RBI delivering a policy rate cut sooner than later. . Nifty50 settled 9.75 points up at 7,485.35. Click here to know how stock markets performed today
Below are the top 9 stocks that trended in Friday’s trade
HMT Ltd: Stocks of the company settled the day 13.84 per cent up at Rs 47.70 as the government is eyeing revival of HMT Machine Tools. “Having closed down three of its subsidiaries, we are now looking to revive HMT Machine Tools as it is in the strategic sector,” a senior official of Department of Heavy Industry was quoted by PTI.
Bharat Heavy Electricals Ltd (BHEL): Share price of the company ended 4.03 per cent up at Rs 107.25 after it informed bourses that it has successfully commissioned its first 700 MW supercritical thermal unit at Bellary Thermal Project in Karnataka.
Sugar company stocks: Stocks of the sugar companies Shree Renuka Sugars and Dhampur Sugar Mills surged over 15 per cent on Friday after international sugar prices soared to eight-week high on Thursday on account of tightening supplies. On the domestic front, sugar prices also soared nearly 50 per cent between August 3 and March 3. Sugar companies shares such as Shree Renuka Sugars and Balrampur Chini Mills closed 14.49 per cent and 8.23 per cent up at Rs 13.91 and Rs 92.75. Other sugar majors Sakthi Sugars and Dhampur Sugar Mills ended 16.01 per cent and 19.38 per cent up at Rs 29.35 and Rs 67.45, respectively.
Vijaya Bank: Stocks of the public sector bank closed 2.42 per cent at Rs 33.80 as it has received an approval for preferential issue of equity shares to Life Insurance Corporation of India (LIC) aggregating up to Rs 226 crore (inclusive of premium amount). The board of directors at its meeting held on March 03, 2016 has approved for the same.
Sat Industries: Stocks of the company closed 3.64 per cent up at Rs 9.129.12 as it has received an approval to enter new line of business such as manufacture, export etc. of stainless steel hoses and fittings, machinery, sub-assemblies, machine parts, tools, gauges, jigs through acquisition of 1,58,66,074 equity shares (being 69.39% of the share capital) from the shareholders of Aeroflex Industries. The board of directors at its meeting held on March 03, 2016 has approved for the same.
Pioneer Distilleries: Stocks of the company closed 4.98 per cent down at Rs 116.40 as it has stopped the manufacturing activities of the 100 Kilo Liters Per Day (KLPD) Molasses Based Extra Neutral Alcohol (MENA) plant(s) at its factory located at Nanded District in state of Maharashtra with effect from February 01, 2016 on account of shortage in water availability due to less rains during monsoon season in the region.
Vedanta: Keen to buy government’s residual stake in Hindustan Zinc and Bharat Aluminium Co, Vedenta Resources Chairman Anil Agarwal on Thursday said the government can get Rs 25,000 crore (about USD 3.7 billion) from stake sale. Stocks of the company ended the day 4.24 per cent up at Rs 87.25
Coal India– Stocks of the company closed 3.30 per cent up at Rs 325.20 as the state-owned company offered 14 million tonnes of fossil fuel under special e-auction to both power and non-power sectors in order to facilitate liquidation of pit-head stock, Parliament was informed on Thursday.
Minda Industries: Stocks of the company ended 17.97 per cent up at Rs 994.75 as the auto components manufacturer has acquired Spain-based Rinder Group’s global automotive lighting business for 20 million euros (over Rs 145 crore).