Stocks that made news today: Strides Arcolab, Hotel Leelaventure and more

By: | Updated: September 21, 2015 4:36 PM

Shares of Dish TV and Den Networks rose in the morning trade on Monday after media reports said that government is mulling to raise FDI cap in Direct To Home (DTH) and TV cable operators to 100 per cent.

Stocks in focusShares of Dish TV and Den Networks rose in the morning trade on Monday after media reports said that government is mulling to raise FDI cap in Direct To Home (DTH) and TV cable operators to 100 per cent.

The BSE Sensex and NSE Nifty closed in negative terrain on Monday tracking weak global cues. Sensex closed 25.93 points down at 26,192.98. Nifty lost 4.80 points at 7,977.10.

Stocks that made news today

Strides Arcolab: The pharmaceutical company’s shares gained over 4 per cent on Monday after Sun Phamaceutical Industries and Strides Arcolab announced that they have entered into a definitive agreement related to erstwhile Ranbaxy’s ‘Solus’ and ‘Solus Care’ divisions operating in the central nervous system (CNS) segment in India. The scrip closed 4.57 per cent up at Rs 1,198.20.

Dish TV and Den Networks: Shares of Dish TV and Den Networks rose in the morning trade on Monday after media reports said that government is mulling to raise FDI cap in Direct To Home (DTH) and TV cable operators to 100 per cent. Later, shares of Dish TV closed 6.59 per cent up at Rs 116.45 while Den Network closed 0.35 per cent down at Rs 126.60.

Hotel Leelaventure: Hotel Leelaventure shares gained over 3 per cent in the early trade on Monday after the company on Saturday said that it has agreed to sell a hotel in Goa to a Malaysian company MetTube Sdn for Rs 725 crore as the luxury hotels operator looks to cut its debt. The scrip closed 0.47 per cent higher at Rs 21.50.

IDBI Bank: The bank gained 16.72 per cent following a report late on Friday that the government was considering giving more operational freedom to state-run banks.

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