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IDBI Bank, ONGC among five stocks buzzing in trade on Dalal Street today

Shares of ABG Shipyard rallied over 3 per cent after the company decided to divest its subsidiary Western India Shipyard Ltd and will invite bids from prospective investors.

BT Online   New Delhi     Last Updated: November 15, 2016  | 09:38 IST
Five stocks hogging limelight on Dalal Street
Photo: Reuters

The S&P BSE Sensex on Friday tanked 100 points, while the broader Nifty50 slipped below its key support level of 8,700.

The headline indices sank tracking muted trend seen in Asian markets ahead of US job market data, which is seen as key to determine whether the Federal Reserve will raise rates before the end of the year.

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Below are five stocks that are buzzing in trade today:

 

  1. ABG Shipyard: Shares of ABG Shipyard rallied over 3 per cent after the company decided to divest its subsidiary Western India Shipyard Ltd and will invite bids from prospective investors.
  2. IDBI Bank: Shares of IDBI Bank rose over 5 per cent on reports that the government was looking to revive IDBI Bank's disinvestment plan and has instructed the lender's management to bring its stake down to 52 per cent.
  3. Deepak Nitrate: Shares of Deepak Nitrate fell over 3 per cent after the company said it has received an order from Telengana state population board to close one of its three units in Hyderabad.
  4. ONGC: Shares of ONGC gained nearly 2 per cent and were the top Sensex gainers on reports that the company has signed a pact with Gujarat State Petroleum Corporation to buy a majority stake in the latter's 1,850 square-kilometer KG basin block, KG-OSN-2001/3.  
  5. Grasim Industries: Shares of Grasim Industries and Aditya Birla Nuvo Ltd (ABNL) rose up to 2% after the former said that as part of its proposed merger scheme, 10 shares of ABNL will get 15 shares of the Grasim.

 

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