Tata Steel, Texmaco and Titan among top 8 stocks that trended in today's session
Tata Steel stock was the top gainer on both benchmark indices and closed 3.41 per cent higher after the government initiated safeguard on imports of hot-rolled plates
and sheets.
BusinessToday.In- New Delhi,
- Updated Dec 11, 2015 4:33 PM IST
Shares of Titan Company lost 2.66 per cent after RBI allowed the company to raise investment limit for foreign participants to 35 per cent. Photo: Reuters
The S&P BSE Sensex pared some losses to end the day 208 points down after crashing below its crucial, psychological level of 25,000 earlier in the day, while broader CNX Nifty managed to settle above its key support level of 7,600.
Investors remained cautious ahead of the October factory output data due later in the day and November inflation print to be released on Monday.
The 30-share index ended at 25,044.43, down 207.89 after falling as much as 321.89 points, while the broad-based 50-share index closed at 7,610.45, down 72.85 points.
Market breadth remained negative with 19 of the 30 Sensex components ending the day in red.
Here are top 8 stocks that remained in focus today:
- Tata Steel: Tata Steel stock was the top gainer on both benchmark indices and closed 3.41 per cent higher after the government initiated safeguard on imports of hot-rolled plates and sheets.
- Texmaco: Shares of Texmaco Rail & Engineering rallied over 8 per cent in trade on Friday after the Adventz group firm said a four-company consortium led by Japanese firm Hitachi has bagged a contract worth an aggregate value of Rs 1,800 crore from the Dedicated Freight Corridor Corp (DFCCIL). The stock ended 7.09 per cent higher after hitting an intraday high of Rs 149.90, up 8.46 per cent on BSE.
- Maruti Suzuki: Country's largest carmaker Maruti Suzuki India will hike prices of its vehicles across models by up to Rs 20,000 from January to offset impact of rising costs and weakening of rupee against dollar, joining rivals in making such a move. The scrip ended 0.34 per cent down.
- Mandhana and Eros: Shares of Mandhana Industries and Eros International, the entities associated with Bollywood superstar Salman Khan, extended gains today, after the Bombay High Court acquitted the actor of all the charges in the 13-year-old hit-and-run case. The stock of Mandhana Industries ended 3.31 per cent higher, while that of Eros International closed flat after rising as much as 4.75 per cent through the day.
- Marico: Homegrown FMCG firm Marico is planning issue of bonus shares for which it is seeking shareholders nod, besides reclassifying its authorised share capital to enable the move. The stock gained 1.18 per cent.
- Titan Company and Shilpa Medicare: RBI has allowed Titan Company and Shilpa Medicare to raise investment limit for foreign participants to 35 per cent and 30 per cent, respectively. The stock of Titan lost 2.66 per cent down.
- Idea Cellular: Shares of Idea Cellular fell 2.12 per cent after the company launched its own 3G network in Kolkata on Thursday, expanding the company's third-generation services coverage to 13 markets.
- Future Consumer Enterprises: Financial services firm BNP Paribas Arbitrage today divested 3.62 per cent stake in Future Consumer Enterprises (FCEL) for Rs 113.40 crore in an open market transaction. The scrip ended 1.32 per cent down.
Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Published on: Dec 11, 2015 4:19 PM IST