Buzzing Stocks: Welspun Enterprises, Panacea Biotec stocks gain, while Divis Lab, DLF fall

India Infoline News Service | Mumbai | December 26, 2016 14:52 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
South Indian Bank Ltd is currently trading at Rs 19.05, down by Rs 1.05 or 5.22% from its previous closing of Rs 20.1 on the BSE.

DLF Ltd is currently trading at Rs 106.25, down by Rs 7.25 or 6.39% from its previous closing of Rs 113.5 on the BSE.

Shares of Pharmaceuticals stocks slipped on BSE and NSE. Divis Lab cracked 11% to Rs 772 on BSE. The stock is top losers on BSE. The BSE Healthcare slipped 1.67% or 243.22 points at 14,329 as against the previous close of 14,572. The BSE Healthcare opened at 14,595 and hits a high of 14,598.61 and a low of 14,282.05.

Lupin Ltd is currently trading at Rs 1445.5, up by Rs 0.15 or 0.01% from its previous closing of Rs 1445.35 on the BSE. The company has received tentative approval for its Olmesartan Medoximil Tablets 5mg, 20mg and 40mg from the United States Food and Drug Administration to market generic version of Daiichi Sankyo Inc's BenicarĀ® Tablets 5mg, 20mg and 40mg.

Divis Laboratories Ltd is currently trading at Rs 764.75, down by Rs 101.35 or 11.7% from its previous closing of Rs 866.1 on the BSE. The stock extended losses for the second consecutive session and hit its new 52-week low of Rs 759.

Sun Pharmaceuticals Industries Ltd is currently trading at Rs 615.95, down by Rs 7.85 or 1.26% from its previous closing of Rs 623.8 on the BSE. Sun Pharma arm Taro received USFDA approval for generic Zovirax ointment.

Panacea Biotec, one of India's leading research based health Management Company, announce launch of Tetravalent Vaccine Easyfour-TT for active primary immunization and booster dose against diphtheria, tetanus and pertussis (DTP) and Haemophilus Influenza Type B (Hib). The stock is currently trading at Rs 120.95, up by Rs 6.05 or 5.27% from its previous closing of Rs 114.9 on the BSE.

NTPC Ltd has informed BSE that the Unit-1 of 800 MW of Kudgi Super Thermal Power Project of NTPC Limited in Karnataka has been commissioned on December 25, 2016. This is the first 800 MW unit commissioned by NTPC. The stock is currently trading at Rs 159.45, down by Rs 1.7 or 1.05% from its previous closing of Rs 161.15 on the BSE.

Gujarat Pipavav Port Ltd is currently trading at Rs 123.2, down by Rs 6.5 or 5.01% from its previous closing of Rs 129.7 on the BSE.

The construction arm of L&T has won orders worth Rs 3039 crore across its various business segments. The stocks is currently trading in red at Rs 1332.50 on the BSE.

Nifty Realty opened at 164 and has touched a low of 159.75 in the trade so far.Among the major losers, DLF was down by 5.32%, its last traded price being 107.70; Housing Development and Infrastructure Ltd (HDIL) was down by 3.96%, while Indiabulls Real Estate Ltd was down by 3.18%.

Delta Corp was down by 2.04% to a last tradded price of 96, while Oberoi Realty too was  down by 1.22%. The Phoenix Mills Limited, Prestige and Sobha all traded in red. 

Ratnamani Metals & Tubes Ltd is currently trading at Rs 620.55, up by Rs 10.65 or 1.75% from its previous closing of Rs 609.9 on the BSE. The company has bagged two new orders aggregating to 22,000 MT valued at approx Rs 103 crore and Rs 33 crores for supply of Carbon Steel ERW pipes for gas pipe line in India to be completed by June/July 2017 and Oct/Nov 2017 respectively.

Welspun Enterprises Ltd is currently trading at Rs 62.4, up by Rs 2.9 or 4.87% from its previous closing of Rs 59.5 on the BSE. Welspun Enterprises Ltd, formerly Welspun Projects Ltd, part of the US $ 2.3 billion Welspun Group, announced its plans to divest its stake in Welspun Energy.

Sasken Communication Technologies Limited has informed the Exchange that the Buyback Committee of the Board of Directors, inter alia, considered fixed the buyback price of Rs 410 (the buyback price) and the total consideration for buyback to be Rs 12,004.31 lakh (the buyback size) excluding the transaction costs viz. brokerage, applicable taxes such as securities transaction tax, service tax, stamp duty etc. The stock slipped 4.2% on the BSE.

Camlin Fine Sciences Ltd is currently trading at Rs 100, up by Rs 1.1 or 1.11% from its previous closing of Rs 98.9 on the BSE after the company has entered into a Share Purchase Agreement to acquire (either through itself or its subsidiaries/group companies) 51% stake in an entity in China, which shall be subject to certain conditions being fulfilled prior to the said acquisition and regulatory approvals.

Allahabad Bank announced that the Board of Directors of the Bank at its meeting held on December 23, 2016 has accorded its in-principle approval for merger of its wholly owned subsidiary - AllBank Finance with the Bank subject to necessary statutory and regulatory approvals. Allahabad Bank is currently trading at Rs 59.4, down by Rs 1.25 or 2.06% from its previous closing of Rs 60.65 on the BSE.

***Note: This is a NSE Chart

 

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