SAIL, Zensar Technologies among 10 stocks that remained in focus in Friday’s trade

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Updated: September 9, 2016 5:22:51 PM

Steel Authority of India (SAIL) shares closed 5.68 per cent down at Rs 50.65 after the company posted net loss of Rs 535.52 crore in comparison to a net loss of Rs 248.18 crore for the same quarter in the previous year.

Stocks in focus todaySteel Authority of India (SAIL) shares closed 5.68 per cent down at Rs 50.65 after the company posted net loss of Rs 535.52 crore in comparison to a net loss of Rs 248.18 crore for the same quarter in the previous year.

The BSE Sensex and NSE Nifty ended lower on Friday following profit-booking amid disappointing global cues following reports of a nuclear test in North Korea and amid uncertainty over the European Central Bank’s future policy steps. Sensex ended 248.03 points down at 28,797.25, while NSE Nifty declined 85.80 points to settle at 8,866.70.

Below are the 10 stocks that remained in limelight today

Jindal Steel and Power (JSPL): Stocks of the company ended 1.73 per cent down at Rs 85.05 as it posted net loss on a consolidated basis doubled to Rs 1,042.15 crore for the June quarters as compared to Rs Rs 542.42 crore in the corresponding period of the previous fiscal.

Steel Authority of India (SAIL): Shares of the company closed 5.68 per cent down at Rs 50.65 after the company posted net loss of Rs 535.52 crore in comparison to a net loss of Rs 248.18 crore for the same quarter in the previous year.

Zensar Technologies: Shares of the company ended 3.71 per cent up at Rs 1042.10 after the company informed bourses that it has signed multi-million dollar development deal with Avis Fleet in South Africa. The digital transformation project involves adding scalability and agility to the company’s strategic technology roadmap.

Yes Bank: Stocks of the private lender closed 4.01 per cent down at Rs 1277.25 as it has deferred its plans to raise $1 billion, citing extreme volatility in trading due to misinterpretation of new QIP guidelines. Earlier in June, Yes Bank Managing Director and Chief Executive Officer Rana Kapoor had said the bank will raise $1 billion from overseas investors in the current fiscal.

Financial Technologies India Ltd: Stocks of the company ended 13.32 per cent up at Rs 88.50 after it reported a net profit of Rs 12.36 crore for the quarter ended June as compared to net loss of Rs 45.32 crore in the year-ago period.

Apollo Tyres: Stocks of the company ended 2.53 per cent up at Rs 212.85 after it inked a global sponsorship agreement with Manchester United Football Club for the next three years.

IDBI Bank: Stocks of bank settled 5.22 per cent up at Rs 79.55 after media reports said that Asian Development Bank is in talks with govt to buy stake in the bank.

Dewan Housing Finance Corporation Ltd (DHFL): Stocks of the company ended 1.14 per cent down at Rs 298.60 after it raised Rs 10,000 crore by allotting NCDs to successful applicants.

Engineers India Ltd (EIL): Stocks of the company closed 2.11 per cent down at Rs 264.95 as it will sell part of the government stake to its eligible employees at a discounted price of Rs 187.29 per unit, a move that will fetch about Rs 31.5 crore to the exchequer.

JSW Steel: Stocks of the company ended 1.55 per cent down at Rs 1820 after it posted a 27 per cent growth in its steel production in August to 1.35 million tonnes (MT).

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