Buzzing Stocks: J Kumar Infraprojects, Bata India zoom, while ACC falls

India Infoline News Service | Mumbai | November 25, 2016 15:03 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
Amtek Auto Ltd is currently trading at Rs 37.35, up by Rs 2.55 or 7.33% from its previous closing of Rs 34.8 on the BSE. The scrip opened at Rs 35.05 and has touched a high and low of Rs 37.45 and Rs 34.55 respectively. So far 1311787 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 782.15 crore.

J Kumar Infraprojects Ltd is currently trading at Rs 192.15, up by Rs 16.75 or 9.55% from its previous closing of Rs 175.4 on the BSE. J Kumar Infraprojects, on behalf of the J. Kumar Infra - CRTG JV, signed an agreement with the Delhi Metro Rail Corporation (DMRC) worth of Rs 1,344.9 crore on Thursday, 24 November 2016, for Phase-2 of the Mumbai metro project and other projects worth Rs 449.19 crore.

The BSE IT index is trading up 4.62% or 436 points at 9,870 as against the previous close of 9,434.05. The BSE IT index opened at 9,441 and hits a high of 9,886.39 and a low of 9,441. The IT stocks rallied because of the fall in the rupee, which hit record lows on Thursday.

Reliance Infrastructure Ltd is currently trading at Rs 460.4, up by Rs 8.05 or 1.78% from its previous closing of Rs 452.35 on the BSE.  The Securities and Exchange Board of India (SEBI) has granted the certificate of registration in terms of Regulation 6 of SEBI (Infrastructure Investment Trusts) Regulations, 2014 (Regulations) to Reliance Infrastructure InvIT Fund.

Jet Airways (India) Ltd is currently trading at Rs 371.45, up by Rs 17.9 or 5.06% from its previous closing of Rs 353.55 on the BSE.

Infosys Ltd is currently trading at Rs 976, up by Rs 43.3 or 4.64% from its previous closing of Rs 932.7 on the BSE. The company has signed a definitive agreement to a Limited Partner investment of Rs 31.6 crore from its Innovation Fund in Stellaris Venture Partners, an India-based early stage venture fund. This investment is towards the first close of Stellaris’ fund.

ACC Ltd is currently trading at Rs 1310.9, down by Rs 12.95 or 0.98% from its previous closing of Rs 1323.85 on the BSE.

Sun Pharma rose 1%. The US drug regulator has found seven breaches of manufacturing standards at Sun Pharmaceutical Industries Ltd’s formulations plant in Mohali, Punjab, following a recent inspection.

SpiceJet rallied 4.4%. The company will announce its Q2 numbers today.

Jagran Prakashan gained 1.5%. The company said its subsidiary Music Broadcast will raise up to Rs 400 crore through initial public offer.

Vardhman Textiles advanced 1.3%. The board of the company has approved buyback proposal for up to Rs 720 crore.

Reliance Industries is trading marginally lower on the BSE. A flash fire broke out at Reliance Industries’ Ltd refinery complex at Moti Khavdi near Jamnagar on Thursday in which some contract workers were injured, the company said.

Wipro rose 2.2%. The company has informed bourses that it has granted 5,000 Restricted Stock Units under Restricted Stock Unit Plan 2007 effective November 1, 2016 to its identified employee.

Khaitan (India) jumped 4.7%. The company has infomed bourses that it has submitted an application for reference to the Board for Industrial and Financial Reconstruction (BIFR) as it has become a sick industrial company pursuant to the provisions of Sick Industrial Companies (Special Provisions) Act, 1985 (SICA).

Jindal Poly Films dropped 2.9%. The company reported a consolidated net profit of Rs 77 crore for the September quarter, lower than the Rs 99.9 crore in the year-ago period.

Talwalkars Better Value Fitness climbed 3.6% after the management has decided to demerge gym business, thereby transferring gym business of TBVFL to TLL, in the interest of maximising overall shareholder value.

TCS
rallied 2.5%. Tata Consultancy Services is rethinking how it appraises its over 3,70,000 employees after scrapping the Bell Curve model.

Sterlite Technologies zoomed 3%.The company informed bourses that Crisil has upgraded the Long term credit rating to 'CRISIL AA-/Stable' from 'CRISIL A+/Watch Developing' and Short term credit rating have been upgraded to ‘CRISIL A1+’ from 'CRISIL A1 /Watch Developing’.

LT Foods gained 2.3%. The company has inked a 51:49 joint venture with Kameda Seika, to sell rice-based snacks in India.

Natco Pharma inched up 1% after the pharma company has received final approval from the US health regulator for generic version of Budesonide capsules used for treatment of active Crohn's disease for the American market.

YES Bank gained 2% To Rs 1,143. The bank announced a partnership with Gujarat State Road Transport Corporation (GSRTC) to digitise payment of bus tickets for its customers.  

DLF Ltd is currently trading at Rs 110.6, down by Rs 2.55 or 2.25% from its previous closing of Rs 113.15 on the BSE.


***Note: This is a NSE Chart

 

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