Dilip Buildcon, Jindal Stainless among 10 stocks that made news in Wednesday’s trade

By: | Updated: September 28, 2016 4:34 PM

Jindal Stainless Ltd (JSL) stocks closed 8.89 per cent up at Rs 26.95 after it said that Odisha Industrial Infrastructure Development Corporation (IDCO) has cleared the transfer of its land to Jindal United Steel Ltd (JUSL) and Jindal Coke Ltd (JCL).

Stocks in focus todayJindal Stainless Ltd (JSL) stocks closed 8.89 per cent up at Rs 26.95 after it said that Odisha Industrial Infrastructure Development Corporation (IDCO) has cleared the transfer of its land to Jindal United Steel Ltd (JUSL) and Jindal Coke Ltd (JCL).

Domestic equity markets snapped three-day losing streak and ended higher on Wednesday following their European counterparts. Sensex gained 69.11 points to close at 28,292.81, while NSE Nifty settled 38.75 points up at 8,745.15.

Below are the stocks that are in focus today

Balaji Telefilms Ltd (BTL): Stocks of the company ended 9.65 per cent up at Rs 98.85 after its boards of directors approved the composite scheme of arrangement and amalgamation among BTL and its wholly  owned subsidiaries Balalji Motion Pictures, Bolt Media Ltd and their respective shareholders and creditors.

Vivimed Labs: Shares of Vivimed Labs ended 9.74 per cent up at Rs 112.65 after investor Ashish Kacholia acquired nearly 2 per cent stake in the company through open market.

Reliance Capital: Shares of the company settled the day 1.60 per cent up at Rs 566.05 after its chairman Anil Ambani while addressing shareholders at annual general meeting (AGM) said that he expects to list its home finance arm separately by April 2017.

Lanco Infratech: Stocks of the company ended 1.15 per cent up at Rs 4.38 as it is reportedly close to completing a major restructure of its power assets. The process is likely to be completed by November-December this year. The restructured entity will bring together the diversified infrastructure company’s several power assets under one umbrella.

ARSS Infrastructure Projects: Stocks of the company closed 4.73 per cent up at Rs 88.50 as it has bagged a work order amounting to Rs 135.45 crore. The work order has been awarded in favour of one of its Joint Venture (JV) namely ‘ARSS-SIPS’ by South East Central Railway, Office of the Chief Admin Officer (Con.), Bilaspur.

Tata Motors: Stocks of the auto company settled the day 12.49 per cent up at Rs 539.85 after ratings agency Moody’s on Tuesday improved the corporate family rating (CFR) of Tata Motors to Ba1, which means stable from the present rating of Ba2.

Ahluwalia Contracts (India): Shares of the company ended 0.98 per cent up at Rs 302.95 after it informed bourses that it has received new order aggregating Rs 151.39 crore work from Bharat Electronics (BEL).

Mphasis Ltd: Stocks of the company 3.26 per cent down at Rs 521.30 as it  has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from October 21, 2016 to November 04, 2016 (both days inclusive) for the purpose of Payment of Dividend & 25th Annual General Meeting (AGM) of the Company to be held on November 04, 2016.

Jindal Stainless Ltd (JSL): Stocks of the company closed 8.89 per cent up at Rs 26.95 as it said that Odisha Industrial Infrastructure Development Corporation (IDCO) has cleared the transfer of its land to Jindal United Steel Ltd (JUSL) and Jindal Coke Ltd (JCL).

Dilip Buildcon: Shares of the company ended 2.36 per cent up at 238.45 after the National Highways Authority of India (NHAI) awarded a Rs 2,845 crore project in Uttar Pradesh to the company.

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