Rallis India, IL&FS, Equitas Holdings among 8 stocks that remained in focus today

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Updated: April 5, 2017 3:00:09 PM

IL&FS Engineering and Construction Company stocks ended 7.17 per cent up at Rs 54.55 stocks after it received a Letter of Acceptance (LoA) from Nagpur Metro Rail Corporation, a Joint Venture of Government of India & Government of Maharashtra, for Rs 532.67 crore Nagpur Metro Rail Project. (Express photo)

Stocks that remained in focus todayIL&FS Engineering and Construction Company stocks ended 7.17 per cent up at Rs 54.55 stocks after it received a Letter of Acceptance (LoA) from Nagpur Metro Rail Corporation, a Joint Venture of Government of India & Government of Maharashtra, for Rs 532.67 crore Nagpur Metro Rail Project. (Express photo)

The BSE Sensex crossed 28,000 level and NSE Nifty ended at fresh 52-week high on Monday following buying in blue-chip stocks amid reports of GST Bill being taken up for discussion in Rajya Sabha on Tuesday. Sensex rallied 292.10 points to end at 28,095.34, while Nifty settled at 8,635.65 by gaining 94.45 points.

Below are the 8 stocks that created a buzz in Monday’s trade 

Axis Bank: Stocks of the private lender were trading 1.31 per cent down at Rs 530.50 (9.21 am) after it posted 21 per cent decline in net profit at Rs 1,555.5 crore for the first quarter of the current fiscal on account of rise in bad loans. Later, the scrip settled the day 0.14 per cent up at Rs 538.30.

Cairn India and Vedanta: Stocks of both the companies remained in limelight as the boards of Vedanta and Cairn India have revised the final terms and conditions for the merger deal in an effort to make it more attractive to minority shareholders. The earlier offer saw massive backlash from minority shareholders, who had termed it unfair. Cairn India stocks settled the day 3.46 per cent up at Rs 198.65 and Vedanta ended 1.75 per cent up at Rs 171.90.

IL&FS Engineering and Construction Company: Stocks of the company settled 7.17 per cent up at Rs 54.55 stocks after it received a Letter of Acceptance (LoA) from Nagpur Metro Rail Corporation, a Joint Venture of Government of India & Government of Maharashtra, for Rs 532.67 crore Nagpur Metro Rail Project.

Rallis India: Stocks of Tata group’s agri-input firm closed 4.40 per cent up at Rs 218.35 after it has posted four-fold jump in consolidated net profit at Rs 174.20 crore for the quarter ended June 30, 2016. The company had posted a net profit of Rs 42.39 crore in the year-ago period.

Equitas Holdings: Scrip of financial services provider closed 2.70 per cent up at Rs 186.65 after the company posted 64 per cent jump in consolidated net profit for the first quarter of 2016-17 financial year.

Indian Oil Corporation: Stocks of the company ended 2.93 per cent up at Rs 536.75 as it is in talks to buy debt-laden Gujarat State Petroleum Corporation’s (GPSC) stake in the under-construction Rs 4,500-crore Mundra LNG import terminal in Gujarat.

Havells India: Stocks of the electrical goods maker company ended 1.28 per cent up at Rs 381.25 will hog limelight as posted a 36.27 per cent increase in standalone net profit at Rs 145.58 crore for the first quarter ended June 30, 2016.

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