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  1. HDIL, Yes Bank among 10 stocks that remained in focus in Monday’s trade

HDIL, Yes Bank among 10 stocks that remained in focus in Monday’s trade

Housing Development and Infrastructure (HDIL) stocks of the company closed 10.85 per cent down at Rs 90 after the company reported 29.55 per cent fall in its net profit at Rs 41.10 crore for the quarter ended June 30, 2016 as compared to Rs 58.34 crore for the same quarter in the previous year.

By: | Updated: September 12, 2016 4:41 PM
Stocks in focus today Housing Development and Infrastructure (HDIL) stocks of the company closed 10.85 per cent down at Rs 90 after the company reported 29.55 per cent fall in its net profit at Rs 41.10 crore for the quarter ended June 30, 2016 as compared to Rs 58.34 crore for the same quarter in the previous year. (Photo: Reuters)

Domestic equity markets closed in red on Monday tracking weak global cues that fell after hopes of US Federal Reserve rising rates this month resurfaced. Sensex tanked 443.71 points to end at 28,353.54, while NSE Nifty settled below 8,800-mark by falling 151.10 points to 8,715.60.

Below are 10 stocks remained i focus in Monday’s trade:

Housing Development and Infrastructure (HDIL): Stocks of the company closed 10.85 per cent down at Rs 90 after the company  reported 29.55 per cent fall in its net profit at Rs 41.10 crore for the quarter ended June 30, 2016 as compared to Rs 58.34 crore for the same quarter in the previous year.

Yes Bank: Scrip of the bank remained under pressure on Monday as well and ended 5.63 per cent down at Rs 1205.35 after the company deferred its plans to raise $1 billion over misinterpretation of new Qualified institutional placement (QIP) guidelines.

ICICI Bank: Stocks of the private lender ended 1.97 per cent down at Rs 268.75 after it said that it will make 10 per cent investment in equity capital of Resurgent Power Ventures (RPV), a power platform created to facilitate investment in power projects in India by ICICI Group and Tata Group.

PI Industries: Stocks of Udaipur-based agrochemicals ended 2.80 per cent down at Rs 817 as it is looking to foray into the pharma sector for manufacturing and export of early intermediates.

DLF: Stocks of the realty major closed 8.08 per cent down at Rs 145.05 after it said it will invest about Rs 500 crore to develop an IT Park in Chennai as the commercial real estate market has picked up in major cities.

Welspun India: Stocks of the company settled the day 0.18 per cent down at Rs 56.65 after Walmart stopped selling its Egyptian cotton products, a fortnight after another US retail giant Target Corporation terminated contract with the Gujarat-based textiles maker over alleged lapses in its products supply.

Tata Power: Stocks of the company closed 3.50 per cent down at Rs 74.40 after Tata Power International, the wholly owned subsidiary of Tata Power, and ICICI Venture has launched a platform to facilitate investment in power projects.

NHPC: Stocks of the company ended 2.48 per cent down at Rs 25.60 as it has signed an agreement with BHEL for renovation and modernization (R&M) of 180 MW Baira Siul power station in Himachal Pradesh.

Hindustan Petroleum Corporation (HPCL): Shares of the company closed 3.92 per cent down at Rs 1200.55 as it plans to operate more than 60 million tonne per annum (mtpa) of refining capacity by 2030. HPCL is also investing a total capital expenditure (capex) of Rs 55,815 crore in the next five years.

Mangalore Refineries and Petrochemicals (MRPL): Stocks of the company ended 2.54 per cent down at Rs 82.40 as it plans to set up around 100 retail outlets in the current financial year as part of its expansion plans in the retail business.

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