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Stocks that made news today: Tata Motors, Wockhardt and more

Extending gains for the fifth consecutive session, the S&P BSE Sensex ended the day 147 points higher at 26,932 after regaining its crucial level of 27,000 in the early trade.

BT Online | October 6, 2015 | Updated 18:14 IST
Stocks in news: Tata Motors, Wockhardt and more
Caution will prevail in the markets going ahead as Infosys is due to post its July-September results on October 12, unofficially kicking off the earnings reporting season. (Photo: Reuters)

Extending gains for the fifth consecutive session, the S&P BSE Sensex ended the day 147 points higher at 26,932 after regaining its crucial level of 27,000 in the early trade, while the broader 50-share Nifty index settled at 8,152, up 33 points.   

Gains were however muted as benchmark indexes saw technical resistance at their respective 200-day exponential moving average while profit-taking after four consecutive days of gains also weighed.

Caution will prevail in the markets going ahead as Infosys is due to post its July-September results on October 12, unofficially kicking off the earnings reporting season.

Below are the key stocks that remained in focus today:

 

  • Rajesh Exports: The jewellery firm hit its 52-week high of Rs 637 after the company announced that it has bagged an export order worth Rs 1,123 crore from Singapore for gold and diamond studded jewellery. The stock closed at Rs 624.35, up 7.60 per cent or 44.10 points on the Bombay Stock Exchange (BSE).
  • Tata Motors: Shares of Tata Motors extended previous day's gains and rallied as much as 6.25 per cent on Tuesday as the company is confident of reporting 0.5 million unit sales in FY16. Strong Jaguar Land Rover's September sales numbers in the US also contributed to the positive outlook on the scrip. The stock ended the day at Rs 333.50, up 5.81 per cent.
  • Wockhardt: Shares of Wockhardt surged nearly 4 per cent in trade on Monday after the drugmaker said UK health regulator Medicines and Healthcare Products Regulatory (MHRA) has completed inspection of its plant at Chikalthana in Maharashtra and found "no critical observations". The stock ended the day at Rs 1586.20, up 2.92 per cent after rising as much as 3.65 per cent on the Bombay Stock Exchange (BSE).
  • Suzlon Energy: Shares of Suzlon Energy gained nearly 5 per cent in trade on Tuesday after the wind turbine manufacturer won a repeat turnkey order of 100.8 MW from Orange Renewable. The stock settled at Rs 22.20, up 2.30 per cent after rallying 4.83 per cent intraday, on the Bombay Stock Exchange (BSE).
  • Coal India and NTPC: Shares of Coal India and NTPC surged up to 4 per cent on Tuesday after the global brokerage firm Credit Suisse upgraded CIL and NTPC to "outperform" from "neutral". CIL ended the day at Rs 342.75, up 4.02 per cent, while NTPC settled in the red at Rs 125.75, down 1.30 per cent after gaining as much as 2.04 per cent to Rs 130 on the Bombay Stock Exchange (BSE).
  • Indian Overseas Bank: The lender fell on Tuesday after the Reserve Bank of India (RBI) ordered a so-called "prompt corrective action", adding the action would not have any material impact on its performance. The stock closed 0.27 per cent lower at Rs 37.25 on the BSE.

 

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