Jaiprakash Associates, Eicher Motors, ICICI Bank among 10 stocks that remained in focus in Friday’s trade

By: | Updated: July 29, 2016 5:23 PM

Jaiprakash Associates' stocks of cash-strapped infrastructure firm settled 8.73 per cent down at Rs 12.13 after it failed to pay a total of Rs 36.25 crore in principal installment and interest for NCDs due April 25.

Stocks in focus todayJaiprakash Associates’ stocks of cash-strapped infrastructure firm settled 8.73 per cent down at Rs 12.13 after it failed to pay a total of Rs 36.25 crore in principal installment and interest for NCDs due April 25.
(Photo: Reuters)

The BSE Sensex and NSE Nifty ended lower on Friday on profit-booking amid disappointing stimulus measures from the Bank of Japan. Sensex dropped 156.76 points to end at 28,051.86, while Nifty fell 27.80 points to end at 8,638.50.

Below are the 10 stocks that are in focus today

ICICI Bank: Stocks of private lender ended 3.40 per cent down at Rs 262.85 ahead of its first quarter results. ICICI Bank announced its results after market hours on Friday and posted 25 per cent fall in net profit at Rs 2232.35 crore for the quarter ended June 30, 2016 as compared to Rs 2976.16 crore in the corresponding quarter a year ago.

Eicher Motors: Stocks of Royal Enfield maker closed 6.60 per cent up at Rs 22465.80 after it reported a 58.61 per cent increase in consolidated net profit to Rs 376.29 crore for the quarter ended June 30, 2016 against Rs 237.23 crore in the corresponding quarter a year ago.

Ceat: Stocks of the company ended 2.41 per cent down at Rs 862.40 after it posted 17.38 per cent fall in consolidated net profit at Rs 93.07 crore for the quarter ended June 30, 2016 against Rs 112.65 crore in the same quarter a year ago.

Gujarat State Fertilizers and Chemicals(GSFC): Share price of the company ended 4.89 per cent down at Rs 69.95 after it posted 54 per cent fall in standalone net profit at Rs 46.30 crore for the first quarter of this fiscal. The company’s net profit stood at Rs 100.94 crore in the same quarter last year.

Kesoram Industries: Stocks of B K Birla group company Stocks of the company ended 2.16 per ent down at Rs 142.65 after it said that it will be infusing Rs 600 crore for acquiring a mining land and in the tyre business in the current fiscal.

Jaiprakash Associates: Cash-strapped infrastructure firm Jaiprakash Associates Ltd (JAL) said it has failed to pay a total of Rs 36.25 crore in principal installment and interest for NCDs due April 25. The share price of the company settled 8.73 per cent down at Rs 12.13.

Hexaware: Stocks of Mid-sized IT services firm ended 3.98 per cent down at Rs 220.80 after its consolidated net profit for the June 2016 quarter rose 1.1 per cent to Rs 100 crore. The company’s net profit stood at Rs 98.9 crore in the same quarter last year.

Muthoot Finance: Shares of the company ended 3.51 per cent up at Rs 329.85 after it registered a net profit of Rs 270 crore during the first quarter ended June of the current fiscal, up 48 per cent from a year earlier.

Kansai Nerolac Paints: Shares of the company ended 3.44 per cent up at Rs 340.90 after it posted 32.89 per cent rise in net profit at Rs 126.50 crore for the quarter ended June 30, 2016 against Rs 95.19 crore in the corresponding quarter a year ago.

Punjab National Bank: Shares of the public sector bank extended losses closed 4.30 per cent down at Rs 123.45 after it posted 57.49 per cent fall in net profit at Rs 306.36 crore for the quarter ended June 30, 2016 as compared to Rs 720.71 crore in the corresponding quarter a year ago.

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