Buzzing stocks: Castrol India zooms, Jubilant FoodWorks tanks, Den Network up

India Infoline News Service | Mumbai | September 20, 2016, 15:18 IST

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

High angle view of two business executives working at the stock exchange
Castrol India Ltd rallied 8.3% on the BSE. Castrol India witnessed a series of block deals on Tuesday, in which around 42.20 million shares or 8.5% stake in the company changed hands.

Jubilant FoodWorks tumbled 6.4%. The company said its CEO and whole-time director Ajay Kaul will resign to pursue opportunities outside the company.

Cadila Healthcare climbed 2.3%. Zydus Cadila and Takeda Pharmaceutical Company announced a partnership to tackle chikungunya, an emerging infectious disease.

 IFCI zoomed 4.4%. The company will sell its entire stake in Assets Care and Reconstruction Enterprise Limited (ACRE) to Axis Bank for Rs 22.72 crore.

GTL Infrastructure Ltd jumped 12.8% to Rs.2.81 on the BSE. The company has informed BSE that the company is a part of the Global Group (being Global Holding Corporation Pvt. Ltd, GTL Limited, the Company and Chennai Network Infrastructure Limited (CNIL) and together with its affiliate company, CNIL, owns and operates an independent telecom tower network, with over 27,000 towers and over 45,000 tenancies pan India. The company has invested Rs.1,800 crores in CNIL.

Hotel Leela Venture zoomed 3%. The company gets shareholder approval for sale/transfer of The Leela Palace, Chennai and/or The Leela Palace, New Delhi.

K P R Mill Ltd gained 1.8%. The Board of Directors meeting of the Company is scheduled to be held on October 5, 2016, inter alia, to consider the subdivision of Equity Shares of the Company of face value of Rs. 10 each. The company to amendment to Capital Clause of Memorandum of Association for the above.

Mangalam Cement Ltd rose 3.6% after the company has commenced Commercial Production of the New Cement Grinding Unit with a capacity of 0.75 Million Tons Per Annum (MTPA) at Aligarh, Uttar Pradesh. The overall capacity is now enhanced from 3.25 MTPA to 4.00 MTPA.

Den Network soared 3.4% to Rs.81.05. The company said that its board has approved the allotment of 1.58 crore shares on preferential basis to affiliates of the Goldman Sachs Group that form part of the persons belonging to the non-promoter category.

Bharat Rasayan climbed 11.8% to Rs.1,660 after the company said it reported a net profit of Rs.14.52 crore in June quarter, up 76.45% from Rs.8.23 crore a year ago. Net sales rose 46% to Rs.166.25 crore.

Mindteck rallied 16.6% to Rs.91.50 after the compamy announced that it has implemented a smart parking pilot project at Connaught Place, C Block, New Delhi, for New Delhi Municipal Corporation (NDMC).

***Note: This is a NSE Chart



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