Tuesday, 22 March 2016

Stocks moving at this hour - Indoco Remedies jumps, Persistent Systems skids -

Check out the most important and latest stock news from NSE and BSE. Indoco Remedies Ltd stock was higher by 11% at Rs. 298. The company has received the Establishment Inspection Report (approval) from US Food and Drug Administration (USFDA) for its solid dosages manufacturing facility at Goa (Plant I), thereby confirming the closure of inspection in October, 2015. 

Stock MarketHimachal Futuristic Communications Ltd galloped 13% to Rs.16.20 on BSE. The company is entering into defence equipment manufacturing as part of its strategy to contribute to the nation's plan for self sufficiency in the defence sector by participating in the defence equipment manufacturing under the Government of India's "Make in India" initiative. HFCL will be exhibiting its wide range of defence related equipment during the eleventh edition of DEFEXPO 2016 starting March 28, 2016.

JSPL gained 1.9% to Rs.61.15 on BSE. Sajjan Jindal-led JSW Energy Ltd is in advanced talks to acquire a power plant owned by Jindal Steel & Power Ltd, controlled by his younger brother Naveen, reports a business daily. The deal is valued at more than Rs. 5,000 crore and is to be announced before the 31st March, says the financial newspaper.

Just Dial Ltd stock was higher by 5% at Rs. 676. The company has made a post buyback public announcement dated March 18, 2016 for the attention of its shareholders in accordance with the provisions of the Securities and Exchange Board of lndia (Buy Back of Securities) Regulations, 1998, as amended.

Eros International Ltd stock was up by 3% at Rs. 170.Eros International Plc Audit Committee has completed the internal review which it commenced in November 2015.

Bharti Airtel slipped 1% to Rs.349.95 on BSE. After market hours the company has announced that it has entered into a definitive agreement with American Tower Corporation through its subsidiary company, Airtel Tanzania, for the sale of approximately 1,350 of its communications towers in Tanzania. Under the agreement, American Tower may acquire up to approximately 100 additional sites currently in development for an additional consideration. Airtel will be the anchor tenant on the portfolio under a lease with a ten-year initial term.  

Indoco Remedies Ltd stock was higher by 11% at Rs. 298. The company has received the Establishment Inspection Report (approval) from US Food and Drug Administration (USFDA) for its solid dosages manufacturing facility at Goa (Plant I), thereby confirming the closure of inspection in October, 2015.

Reliance Defence and Engineering Ltd stock was higher by 3% at Rs. 68. The Defence Acquisition Council reportedly said that it approved the Defence Procurement Policy (DPP) 2016, which will come into effect from April 1, 2016.

Persistent Systems Ltd stock was lower by 5.3% at Rs. 701. The company announced plans to organize its business around four key growth strategies unique to Persistent. The company’s product development and technology DNA drive all four growth strategies. 

JMC Projects (India) Ltd stock was higher by 9% at Rs. 219. The company secured new orders worth over Rs. 930 crores.  

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