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Stocks in focus today: JBM Auto, Bharti Infratel and more

Shares of JBM Auto plunged over 12 per cent to Rs 207.30 on Tuesday after the announcement of the fourth quarter earnings.

BT Online Bureau   New Delhi     Last Updated: May 19, 2015  | 17:19 IST
Stocks in focus today: JBM Auto, Bharti Infratel and more
Photo: Reuters

Nifty opened the day with a negative bias and later it made a high at 8,428, but in the second half it closed at 8,365 down around 8 points, despite strong international cues. The BSE Sensex also declined 41.77 points, or 0.15 per cent, to 27,645.53.

The European markets were trading in positive zone on news that the ECB is planning to increase bond buying in May and June.

Here are some stocks which stayed in limelight today.

  • JBM Auto: Shares of JBM Auto plunged over 12 per cent to Rs 207.30 on Tuesday after the announcement of the fourth quarter earnings. For the quarter ended March 2015, the Faridabad-based auto parts manufacturer posted consolidated net profit of Rs 17.58 crore, down 15.23 per cent, against Rs 20.74 crore in the corresponding quarter a year ago. Gross sales of the company also declined 0.89 per cent year-on-year to Rs 327.28 crore.
  • Bharti Infratel: Bharti Infratel shares continued their gaining spree on Tuesday, rising over 5 per cent to hit a fresh 52-week high of Rs 440 after the company announced last week that it has been included in the MSCI Global Standard Index. MSCI Global Standard Index, created by Morgan Stanley Capital International (MSCI), serves as a benchmark of the performance in major international equity markets.
  • Colgate-Palmolive (India): Share price of the company remained flat at Rs 2,074.45 on Tuesday. However, it touched a high of Rs 2,110 after the announcement of Q4 earnings. For the quarter ended March 2015, the company posted a net profit of Rs 163.63 crore, up 23.68 per cent, against Rs 132.30 crore in the corresponding quarter a year ago.

 

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