Pincon Spirits, Sintex among 10 stocks that remained in focus in Friday’s trade

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Updated: September 30, 2016 4:54:46 PM

Sintex stock price ended 7.40 per cent up at Rs 78.35 after its board approved demerger of custom moulding business and prefab business from its two arms Sintex BAPL and Sintex Infra Projects, respectively.

Stocks in focus todaySintex stock price ended 7.40 per cent up at Rs 78.35 after its board approved demerger of custom moulding business and prefab business from its two arms Sintex BAPL and Sintex Infra Projects, respectively. (Photo: Reuters)

Domestic equity markets ended flat with marginal gains in a choppy trade on Friday as investors remained cautious ahead of Reserve Bank of India monetary policy reviews slated on Oct 4, a day after they sharply fell on government’s announcement that India had conducted “surgical strikes” on terror camps in Pakistan. Sensex gained 38.43 points to end at 27,865.96, while NSE Nifty ended 19.90 points up at 8,611.15.

Below are the 10 stocks that remained in focus in Friday’s trade

Alkem Labs: Stocks of pharma company ended 7.97 per cent down at Rs 1660.30 after it received inspection report with thirteen observations from the US health regulator after the inspection of its manufacturing facility at Daman.

Sintex:  Stock price of the plastic products maker ended 7.40 per cent up at Rs 78.35 after its board approved demerger of custom moulding business and prefab business from its two arms Sintex BAPL and Sintex Infra Projects, respectively.

NHPC: State-owned company ended 3.09 per cent up at Rs 25.05 after it signed a power purchase pact with Rajasthan as well as Inox Ltd for a 50 mw wind power project in the state.

Liquor stocks: Stocks of liquor companies like United Breweries, Globus Spirits, United Spirits and Pincon Spirit Ltd ended 2.81 per cent, 11.47 per cent, 6.74 per cent and 5.95 per cent up at Rs 902.20, Rs 110.30, Rs 2462.90 and Rs 72.10, respectively after Patna High Court quashed the Bihar government’s notification to stop consumption and sale of alcohol in the state.

Pincon Spirits: Stocks of the company hogged limelight and ended 5.95 per cent up at Rs 72.10 after it signed Memorandum of Understanding (MoU) for taking over Bacchus Enterprises in Ludhiana engaged in business of Indian made Indian liquor and Indian made foreign liquor.

NTPC: State-owned NTPC on Thursday announced the listing of its Rs 2,000 crore Green Masala Bonds at Singapore Stock Exchange.

Cipla Ltd: Stocks of the company ended 3.44 per cent down at Rs 580.25 after the pharma company said the US health regulator has issued four observations across its three manufacturing facilities in Goa after the inspection.

Lovable Lingerie: Stocks of the company ended 1.85 per cent up at Rs 262 as it is in talks with PE funds to sell 15-20 per cent stake at 20 per cent premium, according to media reports. LovableLingerie is in talks with Samaara Capital, Multiples Alternatives & CX Partners.

Financial Technologies: Stocks of the 63 Moons Technologies, formerly Financial Technologies (India), ended 2.68 per cent up at Rs 80.40 as its Mauritius-based subsidiary has signed a revised agreement with Continential Africa Holdings (CAHL) to sell its entire stake in Bourse Africa for USD 10.50 million.

Bharat Financial Inclusion: Stocks of the company ended 5.91 per cent up at Rs 879.80 as it has raised over Rs 749 crore via allotment of 97.40 lakh shares to qualified institutional buyers (QIBs).

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