Bharat Heavy Electricals Ltd (BHEL) stocks settled 3.07 per cent down at Rs 104.35 as credit rating agency Crisil downgraded its ratings on the long-term bank facilities to AA+/ Negative from AAA/Negative.
The BSE Sensex snapped 6-day rally on Thursday on account profit booking amid mixed cues from global counterparts. Investors also remained cautious ahead of Index of Industrial Production (IIP) data for January scheduled to be released on Friday. Sensex fell 170.62 points to end at 24,623.34, while Nifty settled below 7,500-mark by falling 45.65 points to end at 7,486.15. Click here to see how stock market performed today
Below are top 10 stocks that trended in Thursday’s trade
Unichem Laboratories: Stocks of the company closed 2.16 per cent up at Rs 236 following the USFDA nod for generic Quetiapine Fumarate tablets used for the treatment of schizophrenia and bipolar disorder.
Corporation Bank: Stocks of the company settled the day 1.22 per cent down at Rs 40.35 as the company’s board approved raising Rs 1,000 crore capital in multiple tranches.
Container Corporation (Concor): Stocks of the company ended 2.71 per cent down at Rs 1163.15 as government’s five per cent stake sale in Container Corporation (Concor) opened for bidding by retail investors on Thursday morning with a subscription of nearly 2 lakh shares in the early hours of trade.
Hero MotoCorp: Stocks of the company ended 0.17 per cent at Rs 2812.10after the company declared an interim dividend of Rs 40 per equity share of Rs 2 each for the FY 15-16. Hero MotoCorp reported a 13.6 per cent rise in sales at 5,50,992 units in Feb 2016 as against 4,84,769 units in February last year. Shares of Hero MotoCorp settled 0.17 per cent down at Rs 2,812.10.
Dewan Housing Finance Corporation: Stocks of the company ended 2.20 per cent up at Rs 181.20 after it received an approval to raise funds up to Rs 5,100 crore, subject to market conditions, by way of a secured or unsecured debt issue by means of a private placement or listed on any offshore or onshore Stock Exchanges. The board of directors at its meeting held on March 09, 2016 has approved for the same.
Aviation stocks: Airline stocks Jet Airways, SpiceJet and InterGlobe Aviation shares remained in news on Thursday on reports of slash in aviation turbine fuel or jet fuel price. Jet Airways and InterGlobe Aviation shares closed 0.71 per cent and 0.71 per cent down at Rs 536.20 and Rs 805.50, respectively. SpiceJet shares gained 0.39 per cent to Rs 64.05.
Bharat Heavy Electricals Ltd (BHEL): Stocks of the company settled 3.07 per cent down at Rs 104.35 as credit rating agency Crisil downgraded its ratings on the long-term bank facilities to AA+/ Negative from AAA/Negative. The downgrade reflects Crisil’s belief that BHEL’s business risk profile will remain constrained over the medium term by continued weak profitability and stretch in working capital cycle.
Metal stocks: Stocks of metal companies gained on reports the Union Cabinet clears amendment to the Mines and Minerals (Development and Regulation) (MMDR) Act. Hindalco ended 3.02 per cent up at Rs 83.65, followed by Jindal Steel (1.23 per cent), Vedanta (up 0.40 per cent) and SAIL (up 0.94 per cent).
Piramal Enterprises: Stocks of the company closed 0.99 per cent up at Rs 925 as it has announced that the board at its meeting held on March 9, 2016, has declared an interim dividend of Rs 17.50 per equity share of face value Rs 2 (i.e. 875%).
Reliance Infrastructure: In a boost to Anil Ambani-led Reliance Group, DIPP has approved 12 industrial licences to Reliance Defence, an arm of Reliance Infrastructure, for manufacturing of a wide range of defence equipment. Shares of the company ended 0.99 per cent up at Rs 925.