JSW Steel, Uttam Galva Steels, Dr Reddy’s Labs among 10 stocks that hogged limelight in Wednesday’s trade

By: | Updated: July 27, 2016 4:52 PM

JSW Steel stocks ended 4.75 per cent up at Rs 1738.30 after its consolidated net profit jumped 52 times at Rs 1,109 crore for the quarter ended June 30, 2016 against net profit of Rs 21.19 crore in the corresponding quarter a year ago.

Stocks that hogged limelight todayJSW Steel stocks ended 4.75 per cent up at Rs 1738.30 after its consolidated net profit jumped 52 times at Rs 1,109 crore for the quarter ended June 30, 2016 against net profit of Rs 21.19 crore in the corresponding quarter a year ago.

The BSE Sensex and NSE Nifty closed higher on Wednesday following firm global cues amid sentiments turning upbeat after central and state governments made some progress on the Goods and Services Tax bill. Sensex rose 47.81 points to end at 28,024.33, while NSE Nifty settled 25.15 points up at 8,615.80.

Below are the 10 stocks that are in focus today

Zee Entertainment (ZEEL): Share price of the company settled 2.81 per cent up at Rs 487.90. after it posted a 21.76 per cent jump in consolidated net profit at Rs 216.96 crore for the quarter ended June 30, 2016 against Rs 178.18 crore in the same quarter last year.

Dr Reddy’s Laboratories: Stocks of the pharma major settled down 10.07 per cent at Rs 2988.40 after its consolidated net profit declined by 80 per cent to Rs 126.3 crore for the June quarter on dip in US sales and hurdle in dispatches to Venezuela due to a currency crisis.

JSW Steel: Stocks of the company ended 4.75 per cent up at Rs 1738.30 after its consolidated net profit jumped 52 times at Rs 1,109 crore for the quarter ended June 30, 2016 against net profit of Rs 21.19 crore in the corresponding quarter a year ago.

Bharti Infratel: Stocks of mobile tower company ended 5.10 per cent up at Rs 380.90 after it posted 71 per cent jump at Rs 756.2 in consolidated net profit for the quarter ended June 2016 as compared to net prfoit of Rs 442.4 crore in the same period a year ago.

Manali Petrochemicals Ltd: Stocks of the company ended 4.59 per cent up at Rs 35.35 after it received Tamil Nadu Pollution Control Board’s consent for operating the plants at higher capacity and hence the utilisation of the plants is being restored to the earlier levels.

Bajaj Finserv: Share price of the company ended 4.28 per cent down at Rs 2610.70 after it reported 15 per cent growth in its consolidated net profit at Rs 538 crore for the first quarter ended June 30.

Educomp Solutions: Stocks of IT company hogged limelight and settled the day 5.56 per cent up at Rs 14.05 after it said it will divest its entire shareholding in its subsidiary Vidya Mandir Classes following invocation of corporate guarantee by ICICI Bank.

Uttam Galva Steels: Shares of the company  ended 5.87 per cent up at Rs 34.25 after a CNBC TV18 report that the Uttam Galva Group is planning to raise up to Rs 7,000 crore via sale of three plants and subsidiarie in Wardhaand Khopoli. The BSE has sought clarification from Uttam Galva Steels Ltd on the news article.

Bajaj Auto: Share price of the company ended 0.05 per cent down at Rs 2668.75 after it reported consolidated basis net profit of the company jumped 13.77 per cent year-on-year to Rs 1039.70 crore against Rs 913.86 crore in the same quarter last year.

HDFC: Stocks of the company ended 1.48 per cent up at Rs 1387.80 after it posted 26.86 per cent increase in consolidated net profit at Rs 2,796.92 crore as compared to consolidated net profit during the April-June quarter of the previous fiscal, which stood at Rs 2,204.29 crore.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition