Top 10 stocks that hogged limelight in Monday’s trade: Pfizer, NMDC, and more

By: | Updated: March 14, 2016 4:09 PM

Coal India share price ended 6.96 per cent down at Rs 296.85 on account of selling by investors as the stock went ex-dividend today. Ex-dividend date is the date on or after which a stock is traded without a previously declared dividend.

Stocks in focusCoal India share price ended 6.96 per cent down at Rs 296.85 on account of selling by investors as the stock went ex-dividend today. Ex-dividend date is the date on or after which a stock is traded without a previously declared dividend. (Photo: PTI)

The BSE Sensex and NSE Nifty ended the session in positive terrain on Monday on account of buying by investors in the front line blue chips counters. Sentiments alsogot a boost due to firm trend at other Asian markets, tracking weekend gains at the US markets. Sensex gained 86.29 points to close at 24,804.28, while NSE Nifty ended 28.55 points up to end at 7,538.75.
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Below are 10 stocks that hogged limelight in Monday’s trade

Coal India: Share price of the company ended 6.96 per cent down at Rs 296.85 on Monday on account of selling by investors as the stock went ex-dividend today. Ex-dividend date is the date on or after which a stock is traded without a previously declared dividend.

Pfizer and Abbott Laboratories: Shares of the company were trading 8.67 per cent down at Rs  1760.80 on BSE after the company informed stock exchanges that it has discontinued the manufacture and sale of its drug “Corex” with immediate effect. Abbott Laboratories also sells a codeine-based cough syrup brand in India under the name Phensedyl, which accounts for about a third of the Indian cough syrup market. Abbott shares settled 0.68 per cent up at Rs 4884.00.

Bhushan Steel: Shares of the company ended 5.68 per cent up at Rs 38.15 after it received the environment clearance for its Rs 3,000 crore project to set up a pellet unit with a production capacity of 7 million tonnes per annum (MTPA) in Odisha.

Sasken Communication Technologies: Stocks of the company settled 19.99 per cent up at Rs 379.40 after it reached a settlement with Spreadtrum Communications, Inc. and Beijing UniSpreadtrum Technology (Spreadtrum) in connection with the unauthorized use of Sasken’s Protocol Stack IP, by the said companies.

Suven Life Sciences: Shares ended the day 1.82 per cent up at Rs 204.45 after it informed BSE that the company has secured three product patents; one product patent from China, one from Eurasia and one from Hong Kong corresponding to the New Chemical Entities (NCEs) for the treatment of disorders associated with Neurodegenerative diseases and these Patents are valid through 2032.

NMDC: Stocks of the India’s largest iron ore miner closed 1.78 per cent up at Rs 94.55 as it has raised the lump price by a little over 8 per cent to Rs 1,950 per tonne effective March 11, its first hike for the higher grade of the ore in over one-and-a-half years.

ONGC: On the heels of the government announcing a slew of reforms in the oil and gas sector, state-run explorer ONGC on Saturday said it will finalise “a multi- billion dollar investment plan” for the 98/2 fields of D5 Block in the KG Basin by the month-end or early April. Stocks of the company closed 1.51 per cent up at Rs 208.20.

Cupid: Stocks of the company settled the day 9.98 per cent up at Rs 345.90 as it has been awarded 3 years contract from UNFPA for manufacture and supply of Cupid Female Condoms. This is good opportunity for Cupid to participate in the UNFPA’s worldwide procurement programme.

Richa Industries: Stocks of the company ended 1.01 per cent up at Rs 30 as it has secured an order from Bharat Electronics (BEL) for the construction of Pre Engineered Building (PEB) for the assembly of Masts & Composite Structures with labs & office area at BEL-NAMU in Navi Mumbai.

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