Punjab National Bank, Bajaj Finance, Tata Motors among 10 stocks that remained in focus today

By: | Updated: July 11, 2016 4:42 PM

Punjab National Bank (PNB) stocks closed 8.21 per cent up at Rs 127.25 after the Reserve Bank of India removed the public sector bank from the caution list and allowed foreign investors to buy its shares.

Stocks that remained in focusPunjab National Bank (PNB) stocks closed 8.21 per cent up at Rs 127.25 after the Reserve Bank of India removed the public sector bank from the caution list and allowed foreign investors to buy its shares.

The BSE Sensex and NSE Nifty ended to their highest level in nearly 11 months on Monday following in global markets after strong US monthly jobs data reassured investors about the health of the world’s largest economy. Sensex surged 499.79 points to close at 27,626.69, while NSE Nifty jumped 144.70 points to settle at 8,467.90.

Below are 10 stocks which remained in focus on Monday:

Bajaj Finance: Shares of the company hit their new all-time high on Monday after it announced that the board will consider sub-division of equity shares and bonus issue in the upcoming board meeting on July 26. The scrip closed 4.67 per cent up at Rs 8571.55.

 IndusInd Bank: Stocks of the company ended 0.25 per cent down at Rs 1123.95 after it reported 26 per cent rise in standalone net profit at Rs 661.38 crore for the first quarter ended June. The private sector lender had made a net profit
(standalone) of Rs 525.04 crore in the corresponding April-June quarter of 2015-16 fiscal.

LIC Housing Finance: Stocks of the company hit new all-time high of Rs 529 on Monday after 2.68 million shares exchanged hands in a single block deal on the BSE at Rs 520.70. The scrip closed 2.39 per cent up at Rs 523.55.

JSW Steel: Stocks of the Sajjan Jindal-led JSW Steel closed 2.13 per cent up at Rs 1505.55 as it is planning to participate in the upcoming auction of iron ore mines in Karnataka and other states to ensure raw material self-sufficiency.

Dishman Pharmaceuticals: Stocks of the pharma company ended 2.98 per cent up at Rs 140.15 after the company on Saturday informed bourses that inspection of its Bavla plant has been successfully completed by the USFDA.

Cadila Healthcare: Stocks of the company ended 3.20 per cent up at Rs 370.80 after it received an Establishment Inspection Report (EIR) from the USFDA for its Moraiya manufacturing facility. This receipt of EIR only indicates closure of the inspection points (483s) raised based on the inspection carried out between August 28, 2014 and September 05, 2014. Though this is a positive step towards the resolution of the warning letter issued by the USFDA, it does not in itself indicate resolution of the warning letter.

Tata Motors: Stocks of the automaker settled the day 4.15 per cent up at Rs 484.50 after it reported 20.8 per cent increase in global sales at 92,551 units, including that of Jaguar Land Rover (JLR) vehicles, in June. The company had sold 76,602 units in June 2015.

Sun Pharma: As part of its business strategy to build meaningful and differentiating presence in global Oncology therapy market, Sun Pharma on Monday announced the roll-out of Gemcitabine InfuSMART in Europe. InfuSMART is a technology in which oncology products was done at compounding centres or compounded in hospital pharmacies, an extra step before the medicine can be administered to patients. Share price of the company settled 1.41 per cent up at Rs 789.55.

Punjab National Bank (PNB): Stocks of the company closed 8.21 per cent up at Rs 127.25 after the Reserve Bank of India removed the public sector bank from the caution list and allowed foreign investors to buy its shares.

Tata Steel: Tata Steel has decided to cancel the sale of its assets in the country after months of negotiation with worker unions and the UK Government. The company in its board meeting decided not to divest majority of its UK steel business because of the Brexit uncertainty. Share price of the company closed 2.72 per cent up at Rs 327.25.

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