Buzzing stocks: Bharti Infratel soars, Dr.Reddys Lab falls, Adf Foods up

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

Jul 27, 2016 09:07 IST India Infoline News Service

Stock Market
Zee Entertainment gained 2% to Rs.485 on BSE. The company has posted a net profit of Rs.1703.60 million for the quarter ended June 30, 2016 as compared to Rs.1376.80 million for the quarter ended June 30, 2015.

Dr Reddys Laboratories dropped 9.5% to Rs.3008 on BSE. The company has posted a net profit after taxes and share of profit of associates of Rs.1535 million for the quarter ended June 30, 2016 as compared to Rs.6474 million for the quarter ended June 30, 2015. Total Income has decreased from Rs.38279 million for the quarter ended June 30, 2015 to Rs.32895 million for the quarter ended June 30, 2016.

Maruti Suzuki India advanced 1.6% to Rs.4559 on BSE. The company has posted a net profit of Rs.14,862 million for the quarter ended June 30, 2016 as compared to Rs.12,081 million for the quarter ended June 30, 2015.

Shree Renuka Sugars rose 5.2% after the company has informed BSE that under the Judicial Protection Law (11.101/2005 Recuperacao Judicial), the designated court in Sao Paulo, Brazil has on July 26, 2016, approved the Re-organisation Plan of the Company's subsidiary viz., Renuka Vale do Ivai S/A (Renuka VDI).

Adf Foods rallied 13% to Rs.109 on BSE. The company experienced a spurt in volumes by more than 10.06 times. The company's board meeting is scheduled today to consider declaration of interim dividend or buy back of equity shares of the Company or a combination thereof. The stock is trading on a 52-week high.

Ingersoll-Rand (India) Ltd jumped 7% to Rs.771 after the company reported its net profit at Rs.15.8 crore for the quarter ended June 30, 2016 as compared to Rs.7.2 crore for the quarter ended June 30, 2015.

Ambuja Cements gained 1% to Rs.272.55 on BSE. The company has posted a net profit of Rs.3995.10 million for the quarter ended June 30, 2016 as compared to Rs.2263.50 million for the quarter ended June 30, 2015.

PI Industries climbed 4.7% to Rs.762. The company has posted a net profit of Rs.1268.60 million for the quarter ended June 30, 2016 as compared to Rs.858.70 million for the quarter ended June 30, 2015.

UltraTech Cement Ltd gained 1% to Rs.3655 after the company participated in the auction of coal linkages for cement sector and secured 95,000 tons of coal at a premium of Rs. 80 per ton (over base price of Rs. 970 per ton) from Junadhi Mines in Chhattisgarh.

Educomp Solutions Limited surged 6.4% to Rs.14.16 after the company has accorded its approval to divest its entire shareholding in Vidya Mandir Classes Limited (being 67% shareholding of VMCL), a subsidiary of the Company and Educomp Learning Hour Private Limited, a step down subsidiary of the Company (hereinafter collectively referred to as the "Sale Share")- by executing the share purchase agreement dated July 25, 2016 with the buyer.

Shares of Claris Lifesciences were trading lower 6.8% at Rs.229.60 on BSE today. Around 46 lakh shares were traded in a single block at Rs.235 on the BSE. The company has received the Abbreviated New Drug Application (ANDA) approval for Bupivacaine Hydrochloride in 8.25% Dextrose Injection USP, 7.5 mg/mL, Single-dose Ampules with 2ml fill volumes, in the United States of America.

Jindal Stainless rallied 11% to Rs.18.65 on BSE. The company experienced a spurt in volumes by more than 3.24 times.

Manali Petrochemicals rallied 6% to Rs.35.80 after the company announced that consent of TNPCB for operating the Plants at higher capacity has been received and hence the utilization of the Plants is being restored to the earlier levels.

Delta Corp Ltd jumped 3.5% to Rs.93.75. The company has signed a leave and license agreement for premises in the Denzong Regency Hotel, Gangtok, Sikkim, to operate a casino. Delta has also obtained a provisional license from the Government of Sikkim under the Sikkim Casino (Control & Tax) Act, 2002 for the same.

Bharti Infratel soared 3.8% to Rs.376.10. The company has posted a net profit after tax of Rs.7562 million for the quarter ended June 30, 2016 as compared to Rs.4424 million for the quarter ended June 30, 2015. Total Income has increased from Rs.14080 million for the quarter ended June 30, 2015 to Rs.14687 million for the quarter ended June 30, 2016.

Yes Bank marginally up 0.15% to Rs.1202 on BSE. The bank has posted a net profit of Rs.7318 million for the quarter ended June 30, 2016 as compared to Rs.5512 million for the quarter ended June 30, 2015.The bank has received an in-principle approval from the SEBI to sponsor a Mutual Fund and to set up an Asset Management Company and a Trustee Company.

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