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Stocks in news: Tata Tele, SpiceJet and more

With Parliament's monsoon session due to begin from Tuesday, and various corporate quarterly results putting forth a bleak picture, here are the five stocks that remained in news today.

BT Online Bureau | July 20, 2015 | Updated 16:10 IST
Stocks in news: Tata Tele, SpiceJet and more
Photo: Reuters

With Parliament's monsoon session due to begin from Tuesday, and various corporate quarterly results putting forth a bleak picture, here are the five stocks that remained in news today.

 

  1. Tata Teleservices:Tata Teleservices shares gained as much as 20 per cent in afternoon trade on Monday on reports that Tata Group has offered to buy out NTT Docomo in the loss-making firm.The Japanese telecom giant holds a 26.5 per cent stake in Tata Teleservices. Its shares rose by 20 per cent to close at Rs 8.46 apiece on Monday.
  2. SpiceJet: Shares of Spicejet on Monday surged over 5 per cent in intra-day trade amid reports that two Gulf airlines have approached the company for buying a stake in the domestic firm. Its shares rose by 3.64 per cent to close at Rs 22.80 apiece on Monday.
  3. Federal Bank: South-based lender Federal Bank, which reported a 36 per cent decline in net profit for the June quarter on provisioning impact from a large borrower, said another Rs 100-crore account is facing stress, which will be dealt with during the September quarter. Its shares fell by 6.72 per cent to close at Rs 70.75 apiece on Monday.
  4. Reliance Industries Ltd (RIL): It has decided to relinquish two gas discoveries off the east coast and opted to carry out government prescribed confirmation tests to retain three other finds. Accepting a government offer to conduct Drill Stem Test (DST) under limited cost to retain gas discoveries that otherwise would have been taken away for not meeting timelines, RIL has opted to do confirmatory test on two of the three contentious gas finds in the KG-D6 block and one of the two discoveries in question in NEC-25 block. Its shares rose by 0.25 per cent to close at Rs 1024.75 apiece on Monday.
  5. CRISIL: Country's largest rating agency Crisil on Friday reported an over 12 per cent rise in its consolidated net profit at Rs 64.92 crore for the second quarter ended June 2015. The city-based company had reported a net profit of Rs 57.83 crore in the corresponding period of the previous fiscal. Crisil said consolidated sales rose 8 per cent to Rs 329.56 crore during the quarter as against Rs 305.13 crore in the year-ago period. Crisil follows January-December fiscal. Its shares rose by 1.16 per cent to close at Rs 1998.30 apiece on Monday.

 

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