Wednesday 20 July 2016

Buzzing stocks: Aurobindo Pharma zooms, Wipro drops, Anant Raj jumps

Check out the most important and latest stock news from NSE and BSE.

Stock Exchange

Aurobindo Pharma zoomed 4% after the company has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Rosuvastatin Calcium Tablets, 5 mg (base), 10 mg (base), 20 mg (base) and 40 mg (base).

DHFL gained 1.7% post Q1 results. The company has posted a net profit after tax of Rs.2,014 million for the quarter ended June 30, 2016 as compared to Rs.1,732.80 million for the quarter ended June 30, 2015.

SpiceJet advanced 1% to Rs.63.50 after topping the list in reputation rankings among domestic private airlines.
 
Bharti Airtel and Idea Cellular trading lower after a media report the Department of Telecommunications (DoT) has started issuing demand notices to telecom operators for under-reporting revenues during the 2008-09 fiscal.

Bharat Heavy Electricals Limited gained 1.5% after the company has successfully commissioned the third unit of the 4x40 MW Teesta Low Dam Hydro Electric Project (HEP) Stage-IV in West Bengal.

Glenmark Pharmaceuticals jumped 1.9% to Rs.850 after the company said it has received final approval from the US health regulator USFDA for Rosuvastatin calcium tablets, used in lowering cholesterol.

Steel Strips Wheels Ltd climbed 1.6% after the company has bagged its maiden export order from Mobius Motors, Kinya. Supplies would be executed from SSWL'S Dappar plant in Punjab.

Anant Raj jumped 13% to Rs.53.15 the company's board has approved demerger of some operations. Under the plan, the company will demerge the real estate division of Anant Raj Agencies into Taurus Promoters & Developers and the remaining business of Anant Raj Agencies will be merged with Anant Raj. This demerger is being done to simplify the promoter holding structure in Anant Raj.

Wipro tumbled 3.3% to Rs.531. The company disappointed as consolidated Profit after tax (PAT) of the company stood at Rs. 2052 crore in Q1 FY17 as compared with Rs.2238 crore in Q4 FY16.

Piramal Enterprises soared 5% to Rs. 1645. The Board of Directors of the Company to consider and approve the issue of secured non-convertible debentures amounting to Rs. 1,000 crores on a private placement basis.

DLF gained 1.4% to Rs.154. DLF Home Developers Limited entered into joint venture agreements with Ridgewood Holdings Limited for development of seven residential projects in the cities of Bangalore, Chennai, Kochi and Indore.

Coal India rose 1.2% after the company has sought shareholders' approval for the buyback of 10.98 crore shares worth Rs.3,650 crore.

Crisil slipped 1.5% to Rs.2058. The company posted a net profit of Rs.698.10 mn for the quarter ended June 30, 2016 as compared to Rs.649.20 million for the quarter ended June 30, 2015.

Punjab & Sind Bank slipped 1.6% to Rs.48.80. The bank has revised interest rate on term deposits of less than Rupees one crore, for 1 year to 2 years from 7.55% to 7.40%, with effect from July 20, 2016.

Ultratech Cement rises 1% after the company reported consolidated net profit of Rs.780.11 crore for the quarter ended June 30, 2016, registering growth of 29.17% yoy.

MPS dropped 2.4% to Rs.682. The company's net profit increased 16.55% to Rs.16.76 crore in the quarter ended June 2016 as against Rs.14.38 crore during the previous quarter ended June 2015.

Hindalco trading marginally higher on BSE after Reserve Bank of India has approved Australian miner Metal X’s improved takeover offer for its subsidiary Aditya Birla Minerals Ltd (ABML).

JBM Auto surged 5.5%. The company said it will invest Rs.300 crore for development and manufacturing of electric and hybrid buses in India through its joint venture with Poland's Solaris Bus & Coach.

Linde India Limited slipped 2%. The company's net revenue for the quarter at Rs.428.5 crore, grew by 15% compared to same quarter last year.

Cupid gained 1.2% on BSE. Cupid has informed BSE that it has received confirmation from United Nations Population Fund (UNFPA) on extension of its non-exclusive long term agreement for male latex condoms for 3 years.

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