Indraprastha Gas shares extended gains for second day and ended 3.85 per cent up at Rs 757.25 after the company beat estimates and posted 44 per cent rise in June quarter net profit at Rs 148.01 crore as compared to Rs 102.51 crore for the same quarter in the previous year.
Domestic stock markets closed with marginal gains on Tuesday following mixed Asian cues as investors remained cautious on whether the Federal Reserve would raise US interest rates this year. The 30-share Sensex settled 4.67 points higher at 27,990.21, while NSE Nifty ended 3.45 points higher at 8,632.60.
Below are the 12 stocks that remained in news today
Indraprastha Gas: Shares of the company extended gains for second day and ended with gains of 3.85 per cent at Rs 757.25 after the company beat estimates and posted 44 per cent rise in June quarter net profit at Rs 148.01 crore as compared to Rs 102.51 crore for the same quarter in the previous year.
Idea Cellular: Shares of the company closed 7.68 per cent up at Rs 101.70 after CNBC TV 18 quoting sources reported that it is exploring options and is in talks for a possible merger with Vodafone to create India’s largest telecom company.
Pfizer: Shares of the company ended 2.02 per cent up at Rs 1949.25 after it said that it will pay about $14 billion to buy cancer drug developer Medivation in a cash deal aimed at fortifying its hold in one of the hottest and most lucrative areas of medicine.
Welspun India: Stocks of the company for a second day crashed 20 per cent as the US-based retailer Target Corp decided to terminate its contract with the company for alleged lapses in products supplied to it.
Birla Corporation: Stocks of the company ended 3.17 per cent lower at Rs 659.35 as it has completed the process of acquisition of the cement business of Reliance Infrastructure (RIL). The company has acquired 100% shares of Reliance Cement Company (Reliance Cement), a subsidiary of RIL. After this acquisition, Reliance Cement has become a wholly-owned material subsidiary of Birla Corporation.
Hindustan Petroleum Corp Ltd (HPCL): Stocks of the public sector company closed 5.32 per cent down at Rs 1149.95 after it posted a 30 per cent jump in its June quarter net profit to Rs 2,098.38 crore as compared to Rs 1,614.13 crore net profit in the same period a year ago.
Renuka Sugars: Stocks of the company were trading 2.10 per cent up at Rs 17.05(9.16 am) as it posted a standalone net profit of Rs 3.2 crore for the quarter ended June 30 as against Rs 150.2 crore in the year-ago period. Later, the scrip settled the day 2.10 per cent down at Rs 16.35.
Tata Power: Shares of the company ended 3.24 per cent down at Rs 74.75 after its consolidated net profit slumped 69.96 per cent at Rs 72.49 crore for the quarter ended June 30, 2016 against Rs 241.33 crore in the corresponding quarter a year ago.
Transport Corporation of India: Stocks of the company ended 3.30 per cent down at Rs 346.05 after BSE decided to drop Transport Corporation of India (TCI) from its indices from August 26, as the logistics firm is demerging its express distribution business into a wholly-owned subsidiary.
Shipping Corporation of India: Stocks of the company ended 1.73 per cent down at Rs 68.25 as it has earmarked Rs 900 crore to lap up more vessels this year.
Hindustan Copper: Stocks of the company closed 5.49 per cent down at Rs 66.25 after it reported a net loss of Rs 2.88 crore for the quarter ended June 30, 2016 as against Rs 20 crore in the year-ago period.
Shriram EPC: Stocks of the company settled the day 10.66 per cent up at Rs 24.40 after it said that its 100 per cent subsidiary, Shriram EPC FZE, Sharjah has been awarded an overseas contract for an amount of $230 million (around Rs 1,530 crore). The order entails constructing the Balance of Plant (BoP) for a 1.2 MTPA Mini Mill Project in Sohar, Sultanate of Oman and the project execution period will be 32 months.