Jet Airways shares ended 5.93 per cent up at Rs 440.35 after the company said it will acquire 75 fuel-efficient 737 MAX 8 aircraft from US plane maker Boeing.
The BSE Sensex trimmed its initial losses of 600 points, but ended 143 points down on Monday after BJP-led NDA’s defeat in Bihar’s state elections raised concerns over economic reforms. Sensex fell 143.84 points to end at 26,121.40, while Nifty dropped 39.10 points to 7,915.20.
Below are the stocks that made news today:
Jet Airways: Shares of Naresh Goyal-promoted private carrier ended 5.93 per cent up at Rs 440.35 after the company said it will acquire 75 fuel-efficient 737 MAX 8 aircraft from US plane maker Boeing.
Sun Pharma: The drug major’s shares fell by 5.3 per cent intraday. At 10.30 am, Sun Pharmaceuticals shares were trading 4.54 per cent down at Rs 767.20 after its earning for quarter ending in September failed to meet the street expectations. Sun Pharma reported a 46.02% fall in its consolidated net profit to Rs 1,106.66 crore for the quarter ended September 30, 2015. Later, the share price of the company closed 5.82 per cent down at Rs 756.90.
Essar Oil: Shares of Essar Oil surged over 15 per cent after capital market regulator Sebi gave more time to the promoter of the company to finalise the delisting offer. The scrip of the company later closed 10.03 per cent up at Rs 203.55.
Punj Lloyd: The engineering conglomerate’s scrip plunged nearly 14 per cent as the company reported widening of net loss to Rs 283.20 crore for the July-September quarter due to decline in income. Later, the scrip closed 3.22 per cent down at Rs 24.05.
Oil and Natural Gas Corp (ONGC): Share price of the company closed 1.09 per cent down at Rs 249.15 after the state-run firm reported a 11 per cent drop in September quarter net profit.
Dr Reddy’s: Decline of Dr Reddy’s Laboratories shares continued for the second consecutive session after the drug maker on Friday said that it has received a warning letter issued by the US drug regulator relating to its two active pharmaceutical ingredients (API) manufacturing facilities in Andhra Pradesh and Telangana. The share price of the company closed 124.95 points down at 3504.60.
Nestle India: Share price of the company was trading 0.15 per cent up at Rs 6181 in the morning trade as it informed the bourses that it has begun rollout of its Maggi noodles from Monday. Later, the share price of the company closed 0.57 per cent down at Rs 6136.70.
State Bank of India: Shares of the public sector bank continue to rally on Monday and were trading 1.01 per cent up(at around 10.40 am) at Rs 245.70 after the bank posted an impressive earnings for Q2FY16. SBI reported a 25.13 per cent jump in its net profit year-on-year(y-o-y) while the bank’s Net Interest Income(NII) went up by 74% y-o-y. Later, the share price of the company closed 1.17 per cent up at Rs 246.10.
Glenmark Pharma: Shares of the drug major were trading 1.46 per cent down at Rs 946.90 today after the company informed the bourses that it has got a final approval from United States Food and Drug Distribution for Clotrimazole and Betamethasone Dipropionate Cream US. Later, the share price of the company ended 0.10 per cent down at Rs 959.95.
Reliance Power: Share price of the company closed 1.96 per cent up at Rs 49.40 after its Board approved a maiden dividend of 10 per cent or Re 1 per share, amounting to a total payout of Rs 281 crore.
Adani Ports and Special Economic Zone (APSEZ): Adani Ports shares ended 2.90 per cent down at Rs 276.65 the company entered into a pact with Larsen & Toubro for acquiring the Kattupalli Port in Tamil Nadu.
Dena Bank: Share price of Dena Bank was trading 3.24 per cent down at Rs 41.75 after the bank on Saturday reported a 25 per cent fall in its July-Sept net profit. Later, the share price of the company closed 3.71 per cent down at Rs 41.55.
Aurobindo Pharma: Aurobindo Pharma on Friday reported 21.4 per cent rise in consolidated net profit at Rs 451.76 crore during the July-September quarter.