Buzzing Stocks: Balkrishna Ind, HCC, SSWL gain, while Reliance Communications falls

India Infoline News Service | Mumbai | December 01, 2016 15:28 IST

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

Stock Exchange
Apollo Hospitals advanced 1.4%. Apollo Health and Lifestyle, a wholly owned subsidiary of Apollo Hospitals Enterprise announced receiving investments of Rs 450 crore from International Finance Corporation (IFC) and IFC Asset Management Company.

Idea Cellular, Bharti Airtel and RCom are trading in red after Mukesh Ambani announced that Reliance Jio extends free data and call offer. Reliance Jio welcome offer users will be aigned-up for 'Happy New Year' offers , said Mukesh Ambani. 20% of users creating poor experience to others. Have fine-tuned fair data usage policy in new sim cards, Mukesh Ambani added. Reliance Jio crossed 50 million Customers in India and Jio has grown faster than Facebook, WhatsApp in first 3 months.

Balkrishna Industries zoomed 13%. The company has posted a net profit of Rs 243 crore for the quarter ended September 30, 2016 as compared to Rs 106 crore for the quarter ended September 30, 2015.

Shares of Titan Company Ltd., PC Jewelers Ltd., and TBZ Ltd., gained between 3-13% after the government decided to scrap excise duty on branded gold coins.

Bharat Heavy Electricals fell 1%. The company has successfully commissioned the first unit of the 4x30 MW Pulichintala Hydroelectric project (HEP) in the state of Telangana.

rose 1% to Rs 381 after the company said it has increased prices of different grades of manganese ore, effective from 1 December 2016.

SSWL rallied 14% after the company achieved total wheel rim sales of 11.99 lakh versus 10.52 lakh in November 2015 represting a 14% YoY growth.

Eicher Motors gained 2.2%. The company motorcycle division has reported a 41% rise in total sales in November 2016 at 57,313 units, as against 40,769 units in the same month last year. During November 2016, the number of motorcycle units exported, increased by 222% to 1470 units from 457 units in November 2015.

Maruti Suzuki India is trading marginally up. The company sold a total of 135,550 units in November 2016, growing 12.2% over the same period of last fiscal.

Reliance Communications fell 2.5%. Moody's Investors Service downgraded Reliance Communications Limited corporate family rating and senior secured bond rating to B1 from Ba3.

Punj Lloyd gained 1.7%. The company registered a standalone flat net loss of Rs 225.8 crore for the quarter ended September 30, 2016. It had posted a net loss of Rs 226 crore in the same quarter of previous fiscal.

Dilip Buildcon
rallied 6%. The company will announce its Q2 numbers today.

Hindustan Construction Company soared 16.4%.The company said it will receive arbitral award payment of approximately Rs 2,000 crore from NHPC and NHAI Ltd within 4-6 weeks.

South Indian Bank
slipped 1.2%. The private sector lender said, it has cut the MCLR in range of 0.05 to 0.3% for a select maturity period.


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