Buzzing stocks: DLF shines, Axis Bank falls, Amtek Auto gains

India Infoline News Service | Mumbai | September 23, 201614:51 IST

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

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Brigade Enterprises Ltd is currently trading at Rs. 182.4, up by Rs. 7.1 or 4.05% from its previous closing of Rs. 175.3 on the BSE after the company signed MoU with Nestaway. Through this collaboration, Brigade Group will offer rental assistance to all of its existing customers as well as as over 10,000 apartments in different stages of construction that are currently in the process of being readied for handover, across their projects.

Amtek Auto Ltd is currently trading at Rs. 48.65, up by Rs. 2.7 or 5.88% from its previous closing of Rs. 45.95 on the BSE.

DLF Ltd is currently trading at Rs. 156.9, up by Rs. 3.1 or 2.02% from its previous closing of Rs. 153.8 on the BSE.

IRB Infrastructure Developers Ltd is currently trading at Rs. 256.85, up by Rs. 7.25 or 2.9% from its previous closing of Rs. 249.6 on the BSE. The scrip opened at Rs. 250.5 and has touched a high and low of Rs. 257 and Rs. 249.55 respectively. So far 2259996(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 8772.19 crore.

Morepen Laboratories Ltd  is currently trading at Rs. 27.85, up by Rs. 3.05 or 12.3% from its previous closing of Rs. 24.8 on the BSE. The company is in talks with Ajay Piramal Group to sell its OTC (over-the-counter) business of market leading brands such as Burnol as it plans to monetise some of its mainstream brands when larger rivals look to expand their consumer product portfolio, as per media reports.

Suzlon Group, one of the leading renewable energy solutions providers in the world, today announced that it has been awarded orders for a combined capacity of 111.30 MW between August to September 2016. Suzlon Energy Ltd is currently trading at Rs. 16.15, up by Rs. 0.3 or 1.89% from its previous closing of Rs. 15.85 on the BSE.

GTL Infrastructure dropped 4% after as lenders to the company have accepted its proposal to convert some part of the debt into equity under the strategic debt restructuring (SDR) scheme,as per media reports.

Bharat Financial Inclusion rallied 3.7% after the company has informed BSE that the meeting of the Capital Raising Committee of the Board will be held on September 27, 2016 to consider and approve the issue price for the Equity Shares proposed to be issued pursuant to the Offer in accordance with the Chapter VIII and other applicable provisions of the SEBI Regulations and Section 42 of the Companies Act, 2013, as amended, read with Rule 14 of the Companies (Prospectus and Allotment of Securities) Rules, 2014, as amended.

Axis Bank Ltd is currently trading at Rs. 569.5, down by Rs. 22.45 or 3.79% from its previous closing of Rs. 591.95 on the BSE.

Lincoln Pharmaceuticals zoomed 4% to Rs.246. The company has launched Ondansetron oral spray, used for treatment of nausea and vomiting caused by surgery or cancer drugs, in the Indian market.

Vedanta gained 1.7% has signed the concession agreement for Rs11.45bn redevelopment project of the Mormugao port in Goa.

Wipro is trading marginally higher on the BSE. Wipro Consumer Care and Lighting’s Singapore arm has agreed to buy Zhongshan Ma Er Daily Products Ltd, a Chinese fast-moving consumer goods (FMCG) company, for an undisclosed amount in an all-cash transaction.

InterGlobe Aviation climbed 2.6%. The parent of no-frills airline IndiGo, has received shareholders' approval to increase its borrowing limit to Rs.20,000 crore.

Reliance Defence and Engineering Ltd gained 1.3% after the company it has won a contract for undertaking refit works of Indian Navy vessels at its facility at Pipavav in Gujarat.

***Note: This is a NSE Chart



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