SKS Microfinance shares closed 3.30 per cent up at Rs 482.45 after Morgan Stanley upgraded the company to over-weight (OW) from equa-weight (EW) on high earning visibility.
The BSE Sensex and NSE Nifty rose for fourth stright day on Thursday after the US Federal Reserve raised interest rates for the first time in nearly a decade. Sensex closed 309.40 points up at 25,803.78, while NSE Nifty settled 93.45 points up at 7,844.
Below are the 6 top stocks that remained in focus today:
IDBI Bank: Share price of the private lender closed 6.07 per cent at Rs 87.40 on a report that the government was planning to transfer the lender’s bad loans to a separate entity.
Aurobindo Pharma: Shares closed 1.51 per cent up at Rs 832.75 after the company said it has received final approval from the USFDA to manufacture and market Methylprednisolone Sodium Succinate Injection used in the treatment of various medical conditions viz allergic states , disorders etc.
SKS Microfinance: Shares of the microfinance institution closed 3.30 per cent up at Rs 482.45 after Morgan Stanley upgraded the company to over-weight (OW) from equa-weight (EW) on high earning visibility.
ONGC: Shares of the company were ended 0.97 per cent down at Rs 224.35after ONGC Videsh Ltd on Wendesday got government nod to buy 15 per cent stake in Russia’s Vankor oilfield for $1.26 billion, the first oil deal since the Narendra Modi-led government came to power.
Bhushan Steel: Stocks of the company closed 1.12 per cent up at Rs 45.15 after the National Green Tribunal on Wednesday allowed Bhushan Steel and Strips Ltd’s Sahibabad plant in Uttar Pradesh, which had been ordered to be closed for polluting the environment, to operate for three weeks.
Tata Power: Shares of the company closed 4.03 per cent at Rs 64.55 after the company announced the completion of uprating 220kV line that relieve critical loading of the Kalwa-Salsette lines and will enhance firm transmission capacity for bringing power from outside to Mumbai.