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  1. 10 stocks that made news today: Dr Reddy’s Lab, Motherson Sumi, SBI and more

10 stocks that made news today: Dr Reddy’s Lab, Motherson Sumi, SBI and more

Dr Reddy's shares slumped 14.65 per cent to Rs 3629.55 after the pharma company received a warning letter from the US Food and Drug Administration over inadequate quality control procedures at three manufacturing plants in India.

By: | Updated: November 6, 2015 4:43 PM
Dr Reddy's Lab

Dr Reddy’s shares slumped 14.65 per cent to Rs 3629.55 after the pharma company received a warning letter from the US Food and Drug Administration over inadequate quality control procedures at three manufacturing plants in India. (Photo: Reuters)

The BSE Sensex and NSE Nifty ended on a flat note on Friday in a cautious trade as exit polls showed the NDA giving a tough fight to JDU-led alliance in Bihar. Sensex ended 38.96 points down at 26,265.24. Nifty closed 1.15 points down at 7,954.30.

State bank of India: Shares of the bank closed 3.86 per cent up at Rs 243.25 after the country’s largest bank posted 25 per cent rise in standalone net profit for the second quarter ended September 30.

Punjab National Bank: The public sector bank’s shares were trading 2.47 per cent up at Rs 132.80 after it reported 8 per cent rise in standalone net profit to Rs 621.03 crore for the second quarter ended September 30, 2015-16.

Motherson Sumi: Shares of Motherson Sumi ended 9.59 per cent up at Rs 265.75 after the company posted 174 per cent rise in its Q2 net profit figures at Rs 286.89 crore for the quarter ended September 30, 2015.

Dr Reddy’s: Shares of Reddy’s Laboratories slumped 14.65 per cent at Rs 3629.55 after the pharma company received a warning letter from the US Food and Drug Administration over inadequate quality control procedures at three manufacturing plants in India.

IDFC Bank: Shares of IDFC Bank that demerged from IDFC got listed on bourses today at an opening price of Rs 70.50. It closed at Rs 70.70.

Mahindra & Mahindra: Shares of the auto major closed 0.17 per cent down at Rs 1258 after it reported 2.43 per cent decline in standalone net profit at Rs 923.56 crore for the second quarter ended September 30, 2015-16.

Bank of Baroda: Stocks of the public sector lender were trading 5.39 per cent down at Rs 150.90 after the company posted a net profit of Rs 124.48 crore for the quarter ended September 30, 2015 as compared to Rs 1,104.22 crore for the quarter ended September 30, 2014. Later, the scrip wiped of losses and closed 4.95 per cent up at Rs 167.40

Tata Steel: Share price of company closed 2.44 per cent down at Rs 220.10 after it reported a 22 per cent rise in consolidated net profit for September quarter as gains from selling shares in group companies negated decline in sales from weakening prices.

Rural Electrification Corporation (REC) and Power Finance Corporation (PFC): Shares of power sector lender Rural Electrification Corporation (REC) and Power Finance Corporation (PFC) declined as much as 12.83 per cent and 11.05 per cent on Friday after the government approved a turnaround plan for state electricity boards that is likely to impact the lenders’ margins. Later, the scrip of REC closed 10.35 per cent down at Rs 238.60 and PFC ended 7.84 per cent down at Rs 232.25.

Eicher Motors: Share price of Eicher Motors ended 5.65 per cent down at Rs 16692.75 after the company reported a 54.79 per cent rise in consolidated net profit at Rs 255.46 crore for the third quarter ended September 30, on the back of robust sales growth across various segments.

 

 

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