​​​
  1. Gammon India, aviation companies among 8 stocks that remained in focus today

Gammon India, aviation companies among 8 stocks that remained in focus today

Defence-related stocks such as Reliance Defence and Walchandnagar Industries rallied on Monday after the centre allowed 100 per cent Foreign Direct Investment in the sector.

By: | Updated: June 20, 2016 4:48 PM
Stocks that remained in focus today Defence-related stocks such as Reliance Defence and Walchandnagar Industries rallied on Monday after the centre allowed 100 per cent Foreign Direct Investment in the sector.

The BSE Sensex and NSE Nifty that fell in opening trade RBI Governor Raghuram Rajan’s, closed higher on Monday after they soon recouped their losses on hectic buying amid  news of government relaxing Foreign Direct Investment (FDI) norms in a host of sectors including civil aviation, single-brand retail, defence and pharma by permitting more investments under automatic route. Sensex jumped 241.01 points to close at 26,866.92, while NSE Nifty recaptured 8,200-mark by rising 68.30 points to settle at 8,238.50.

Below are the 8 stocks that made news today 

IT stocks rallied with the BSE Information Technology index gaining 2 per cent on Monday after rupee plunged amid Rexit worries. Shares of HCL Infosystems ended ended 4.51 per cent up at Rs 40.55, while HCL Technologies ended 2.19 per cent up at Rs 769. Other IT majors Tech Mahindra and Infosys ended 1.71 per cent up and 2.57 per cent higher at at Rs 544.75 and Rs 1208.60, respectively.

Stocks of real estate companies like Sobha Ltd, Oberoi Realty remained in focus as markets regulator Sebi on Friday with an aim to make REITs more attractive to investors and real estate players decided to relax its norms to allow these Trusts to invest more in under-construction assets and have a larger number of sponsors. The benchmark BSE realty index closed 1.05 per cent up and NSE Realty index ended 1.07 per cent up. Unitech closed 6.19 per cent up at Rs 6 and The Phoenix Mills Limited ended 3.82 per cent up at Rs 333.30.

Stocks of aviation companies like Jet Airways, SpiceJet and InterGlobe Aviation Ltd surged upto 7 per cent on Monday after the government allowed 100 per cent FDI in aviation sector under automatic route in Greenfield Projects and 74 per cent FDI in Brownfield Projects under automatic route. Stocks of Jet Airways, SpiceJet and InterGlobe Aviation Ltd closed 6.56 per cent, 7.36 per cent and 6.02 per cent up at Rs 586.10, Rs 69.30 and Rs 1071.15, respectively. Sensex settled 241.01 points up at 26,866.92.

Defence-related stocks such as Reliance Defence and Walchandnagar Industries rallied on Monday after the centre allowed 100 per cent Foreign Direct Investment in defence sector. Shares of Reliance Defence and Walchandnagar Industries closed 7.39 per cent and 5.56 per cent up at Rs 66.10 and Rs Rs 153.85, respectively. Other defence-related companies BEML and Bharat Electronics gained 3.96 per cent and 2.02 per cent to Rs 868.65 and Rs 1285.15, respectively.

Eros International Media shares closed 2.43 per cent up at Rs 211.05 on Monday after it announced a strategic alliance with Vashu Bhagnani’s Puja Entertainment and Films Ltd. It however did not disclose any financial details of the agreement.

 

Himachal Futuristic Communications (HFCL) shares ended 1.11 per cent up at Rs 18.25 after state-run Bharat Sanchar Nigam (BSNL) placed an advance purchase order of Rs 1,245-crore with domestic telecom gear & fibre optic maker for building a dense wavelength division multiplexing (DWDM)-based optical transmission backbone network for the armed forces. The entire scope of the contract is likely to be completed within 18 months in various phases.

Subros Ltd shares surged over 3 per cent intraday on Monday after the company reinstated full supplies to its customer Maruti Suzuki India from its other plants at Noida, Pune and Chennai. Later, the scrip gave up the gains and closed 1.38 per cent down at Rs 89.40.

Gammon India shares locked in upper circuit of 20 per cent at Rs 4.89 after helped by lower raw material and employee costs the company posted March-quarter profit of Rs 53.38 crore, in a turnaround from a loss in the same quarter in 2015.

 

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Go to Top