A late rally in Chinese equities on Tuesday boosted global investor sentiment, which helped the benchmark BSE Sensex to recover from its 15-month low, while gains in banks and metal stocks on value-buying also played part in the index’s surge of 424 points to 25,317.87.
Below are the stocks that made news today:
JSW Energy: The company’s shares jumped over 9 per cent, following which the market capitalisation of the company improved by over Rs 1,000 crore after the firm said it has bought power assets of Jaiprakash Power Ventures. The scrip closed at Rs 74.25, up 9.59 per cent, on the BSE.
Jaiprakash Power Ventures: The shares witnessed good demand on the bourses. The stock climbed 5.39 per cent to settle at Rs 5.87 at BSE. The company’s shares rose by 8.61 per cent to touch its intra-day high of Rs 6.05.
Amara Raja Batteries: The shares remained in focus after Goldman Sachs downgraded Amara Raja Batteries to ‘neutral’ from ‘buy’ citing limited upside post recent outperformance. The stocks closed 2.96 per cent down at Rs 899.15.
Infosys: The stocks of the company went up 1.4 per cent intraday after Infosys said that the US Labor Department after an investigation in H1-B visa violation case has concluded that the company has not violated the rules. Later, the scrip closed flat at Rs 1,059.30.
NTPC: NTPC shares closed 1.69 per cent up after Citi upgraded the stocks of the thermal power giant to ‘buy’, citing capacity additions, improving and assured return on equity, low valuations and no regulatory uncertainty till FY19.
