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Stocks that made news today: Dish TV, PNC Infratech, Tata Motors and more

Shares of PNC Infratech listed on the stock exchanges on Tuesday with a premium of over 2 per cent against the issue price of Rs 378 a share.

BT Online Bureau | May 26, 2015 | Updated 17:13 IST
Stocks that made news today: Dish TV, PNC Infratech, Tata Motors and more
Photo: Reuters

Domestic equity market fell for the second consecutive trading session on Tuesday. The BSE Sensex and NSE Nifty plunged 112 points and 30.90 points to 27,531.41 and 8,339.35, repsectively, on May 26.

According to market experts, poor quarterly numbers coupled with strengthening of dollar and profit booking ahead of May month F&O expiry made the markets to fall.

Below are some of the stocks which stayed in the limelight today.

PNC Infratech:
Shares of PNC Infratech listed on the stock exchanges on Tuesday with a premium of over 2 per cent against the issue price of Rs 378 a share. The stock debuted at Rs 381, up 0.79 per cent, on BSE. On NSE, PNC Infratech listed at Rs 387, a gain of 2.38 per cent. PNC Infratech closed at Rs 360.20 on the BSE and at Rs 361 on NSE.

Punj Lloyd: Punj Lloyd shares rose 1.72 per cent to Rs 26.60 on Tuesday after the announcement made by the company that it has secured a 41 km long, Rs 541.84 crore, road project from the National Highways Authority of India (NHAI) in Bihar. During the day, it touched a high of Rs 27.10 and low of Rs 26.25.

Dish TV India: Dish TV India shares rose over 14 per cent to Rs 96.85 after the announcement of Q4 results. For the quarter ended March 2015, the company posted net profit of Rs 35.01 crore against net loss of Rs 149.05 crore in the corresponding quarter a year ago.

Tech Mahindra: Share price of Tech Mahindra remained under pressure on expectation of muted growth in the last quarter of previous financial year. Its stock price declined 1.18 per cent to Rs 640.55.
The company announced it Q4 earnings post market hours. For the quarter ended March 2015, it reported net profit of Rs 429 crore, down 18 per cent, against Rs 523.34 crore in the corresponding quarter a year ago.

Tata Motors:
Share price of Tata Motors also remained under pressure ahead of their earnings on Tuesday. Its stock price declined 1.60 per cent to Rs 497.10.
The company also announced it Q4 earnings post market hours. For the quarter ended March 2015, the company reported a consolidated net profit of Rs 2,771 crore, against Rs 5,053 crore in the same quarter a year ago. According to a release by the company, the fall in net profit can be attributed to higher depreciation and amortisation and adverse mark to market of un-matured hedges not eligible for hedge accounting.

 

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