Business Today

Axis bank, Glenmark, Maruti Suzuki among top 6 stocks that buzzed on Dalal Street

Shares of Axis Bank declined 0.44 per cent on BSE per cent even as the Reserve Bank has allowed the private lender  to raise foreign shareholding to up to 62 per cent, from the earlier limit of 49 per cent.


BT Online   New Delhi     Last Updated: June 1, 2016  | 16:15 IST
Top 6 stocks buzzing in trade today
Photo: Reuters

The S&P BSE Sensex on Wednesday rose 46 points, while the broader Nifty50 ended above its key support level of 8,200-mark after data showed country's growth domestic product grew 7.9 per cent in the March quarter.

The headline indices rallied as firms reliant on consumer demand, such as cigarette maker ITC, advanced on data showing the economy grew faster than expected in the previous quarter.

Key stocks that buzzed in today's trade:

1)Axis Bank: Shares of Axis Bank declined 0.44 per cent on BSE per cent even as the Reserve Bank has allowed the private lender  to raise foreign shareholding to up to 62 per cent, from the earlier limit of 49 per cent.

2)Sun Pharma: Shares of Sun Pharma plunged 0.14 per cent on BSE even as the Pharma major said it expects 8-10 per cent growth in sales in 2016-17, aided by "traction" across its businesses, and cautioned that a planned investment in the US is likely to impact short-term profits.

3)Unichem Laboratories: Shares of Drug maker Unichem Laboratories surged over 1.28 per cent on BSE after the company earmarked a capital expenditure of around Rs 200 crore for the current fiscal, most of which would go into the company's upcoming API plant in Kolhapur, Maharashtra.

4)Maruti Suzuki: Country's largest car maker Maruti Suzuki declined 0.15 per cent on BSE even as the company will resume manufacturing of vehicles at its Gurgaon facilities from second half of Wednesday.The company, announced suspension of production due to fire at the factory of its component supplier Subros in Manesar on Tuesday.

5)Glenmark Pharmaceuticals: Shares of Glenmark tumbled over 1.23 per cent on BSE even after the company has launched an FCCB (foreign currency convertible bonds) issue from the Singapore stock exchange to raise up to Rs 1,340 crore.

6)ONGC: Shares of state-owned Oil and Natural Gas Corp (ONGC) declined 0.38 per cent on BSE even as the overseas arm of ONGC has signed a pact with the trading arm of Azerbaijan's state energy company SOCAR to foray into oil trading.

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