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  1. Stocks that made news today: Idea Cellular, KPIT Technologies and more

Stocks that made news today: Idea Cellular, KPIT Technologies and more

Idea Cellular shares fell 7.5 per cent after the company's second quarter earnings failed to cheer investors.

By: | Updated: October 23, 2015 5:41 PM
Stocks in News: Idea Cellular

Idea Cellular shares fell 7.5 per cent after the company’s second quarter earnings failed to cheer investors.

The BSE Sensex and NSE Nifty ended about 1 per cent higher on Friday to mark their fourth consecutive week of gains, tracking global markets that rose after the European Central Bank (ECB) on Thursday signaled its readiness to inject more stimulus.

Snapping a two-day losing streak, the BSE index ended 0.67 per cent higher. It ended up 0.94 per cent for the week. The NSE index rose 0.53 per cent. the index has gained 0.7 per cent for the week.

Below are the stocks that made news today

Idea Cellular: The share price of Idea Cellular fell 7.5 per cent on Friday after the company’s second quarter earnings failed to cheer investors. After falling 8.97 per cent to Rs 149.80 in intra-day trade at BSE, shares of the company finally ended at Rs 140.45, down 7.35 per cent from previous close. On NSE, the stock dipped by 7.53 per cent to Rs 140.45. Consequently, the company’s market valuation fell by Rs 4,013.47 crore to Rs 50,556.53 crore.

Cadila Healthcare: Shares of Cadila Healthcare rose by nearly 3 per cent after the company posted 40.56 per cent jump in consolidated net profit for the second quarter ended September 30. The stock gained 2.59 per cent to end at Rs 442.85 on BSE. During the day, it rose by 5.27 per cent to Rs 454.40 — its 52-week high. On NSE, shares of the company ended 2.73 per cent higher at Rs 443.10.

KPIT Technologies: Shares of KPIT Technologies surged over 9 per cent today after the IT company posted robust earnings for the quarter ended September 30, 2015. The stock zoomed 9.32 per cent to settle at Rs 134.85 on BSE. During the day, it soared 17.26 per cent to Rs 144.65. At NSE, shares of the company rose sharply by 9.13 per cent to Rs 135.05.

Wipro: Wipro share price declined after the company for the third quarter of the fiscal gave a muted revenue growth guidance in the range of 0.5-2.5% in dollar terms. The IT major attributed this conservative guidance to larger number of holidays during the third quarter and the continued weakness in the energy vertical. The share price of Wipro closed 1.68 per cent down at Rs 568.20.

Cairn India: The share price of the private explorer ended 2.73 per cent up at Rs 158.25 after the company on Wednesday reported 70.45% drop in its net profit during the July-September quarter of FY16 mainly due to decline in crude prices.

Bharti Infratel: Shares price of Bharti Infratel fell 4.74 per cent on Friday. The company reported a 25 per cent jump in net profit at Rs 579 crore for the September quarter as operators quickened 3G and 4G rollouts.

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