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  1. Top 10 stocks that remained in focus in Tuesday’s trade: VA Tech Wabag, BoB and more

Top 10 stocks that remained in focus in Tuesday’s trade: VA Tech Wabag, BoB and more

VA Tech Wabag shares ended 5.72 per cent up at Rs 465.75 after after it bagged a Rs 594 crore contract to construct and operate a plant in Chennai.

By: | Updated: March 8, 2016 5:13 PM
Stocks that made news today VA Tech Wabag shares ended 5.72 per cent up at Rs 465.75 after after it bagged a Rs 594 crore contract to construct and operate a plant in Chennai.

Extending its rally for the fifth consecutive trading session, the benchmark indicex BSE Sensex advanced marginally 0.05 per cent on Tuesday. Sensex closed 12.75 points up at 24,659.23 in a choppy trade.

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

VA Tech Wabag: Shares of the company ended 5.72 per cent up at Rs 465.75 after it informed stock exchanges that the company in consortium with IDE Technologies has won a Rs 594 crore contract from Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB) for construction and operation & maintenance (O&M) of a 45 MLD Tertiary Treatment Plant at Koyambedu.

Nalco: Stocks of the aluminium major settled 3.60 per cent up at Rs 38.80 as the company will invest around Rs 900 crore in Kakrapar Atomic Power project to acquire 26 per cent stake in the plant and plans to increase it to 49 per cent later.

Alkem Labs: Stocks of the drug company ended the day 2.11 per cent up at Rs 1341 after one of its manufacturing plants in Gujarat obtained the Establishment Inspection Report (EIR) “approval” from US health regulator USFDA.

Ajanta Pharma: Stocks of the pharma company closed 1.62 per cent up at Rs 1419.90 after it received final approval for its generic version of acute migraine pain relief drug almotriptan malate tablets from the US health regulator.

Thomas Cook India: Stocks of the travel solutions provider ended 1.19 per cent at Rs 199.20 after it inked a pact with Western Union Business Solutions and DCB Bank to facilitate international trade payments by small- and medium-sized enterprises.

Strides Shasun: Stocks of the pharma company settled the day 2.56 per cent up at Rs 1060.05 as the wholly owned subsidiary of Strides Pharma Inc has entered into an agreement with Moberg Pharma, Sweden and its affiliates to acquire Jointflex, Fergon, and Vanquish brands for a consideration of $10 million plus inventory value at closing.

Mindtree: Share price of company ended 2.69 per cent down at Rs 1547.00 after the IT company informed stock exchanges that it sees a marginal quarter-on-quarter revenue growth in Q4 on an organic basis due to delay in the commencement of few projects in the Retail and Consumer Packaged Goods vertical and Banking, Financial Services and Insurance (BFSI) vertical.

Bank of Baroda (BoB): Stocks of the public sector bank closed 4.61 per cent down at Rs 141.90 after CBI sleuths carried out searches at 10 locations in the Delhi-NCR region in connection with the case of alleged illegal remittances to the tune of Rs 6,000 crore to Hong Kong and Dubai from a branch of Bank of Baroda.

Jain Irrigation Systems (JISL): Shares of the company ended 2.58 per cent up at Rs 57.70 as it has got CCI approval for selling its stake worth Rs 792 crore in the company and its food subsidiary JFFFL to agri-business funding firm Mandala Capital.

Syndicate Bank: Stocks of the bank closed 2.02 per cent down at Rs 60.55 after CBI carried out searches at 10 locations spread in three cities after registering a case of alleged loan fraud estimated to be around Rs 1000 crore in Syndicate Bank.

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