Sun Pharma, Tata Motors and Dena Bank were among top stocks that trended today
Shares of Tata Motors
gained over 4 per cent in trade on Monday even as the auto major
reported a net loss of Rs 430 crore for the September quarter.
BusinessToday.In- New Delhi,
- Updated Nov 9, 2015 6:20 PM IST
Shares of Sun Pharma plunged over 7 per cent in trade on Monday after the pharma major reported a 46.02 per cent dip in its consolidated net profit. Photo: Reuters
The S&P BSE Sensex pared much of day's losses owing to banking and auto stocks and ended the day 144 points down after Prime Minister Narendra Modi-led government faced a crushing defeat in Bihar elections raising concerns the government would struggle to pass policy reforms.
Sensex settled above its crucial psychological level of 26,000, while broader CNX Nifty closed at 7,915.20, down 39.10 points. The index tested 7,800 mark earlier in the day.
Market breadth remained negative with 20 of the 30 Sensex stocks ending the day in red.
Here are top stocks which were in focus today:
- Tata Motors: Shares of Tata Motors gained over 4 per cent in trade on Monday even as the auto major reported a net loss of Rs 430 crore for the September quarter after many quarters of solid profit. The stock ended the day 3.89 per cent higher after rising as much as Rs 413 on the Bombay Stock Exchange (BSE).
- Britannia Industries: Shares of Britannia Industries ended 2.46 per cent down after the company reported a 19.16 per cent decline in its consolidated net profit at Rs 218.63 crore for the second quarter ended September 30, 2015 on account of phasing out of excise duty benefits.
- Sun Pharma: Shares of Sun Pharma plunged over 7 per cent in trade on Monday after the pharma major reported a 46.02 per cent dip in its consolidated net profit to Rs 1,106.66 crore for the quarter ended September 30, 2015. The scrip ended the day 5.82 per cent lower after hitting its 52-week low of Rs 745.95 on the BSE.
- Dena Bank: Shares of Dena Bank fell over 6 per cent in trade on Monday after the public sector lender reported a fall of 24.85 per cent at Rs 38.76 crore in net profit during September quarter of fiscal year 2015-16. The stock ended 3.71 per cent lower after hitting an intraday low of Rs 40.50, down 6.14 per cent on
- UBI: Shares of United Bank of India (UBI) added 3.56 per cent at close after reporting a 41.23 per cent rise in net profit for the second quarter of this fiscal at Rs 61.86 crore, compared to Rs 43.80 crore in the corresponding period last year.
- Aurobindo Pharma: The pharma major gained 5.24 per cent after it reported a 21.4 per cent rise in consolidated net profit at Rs 451.76 crore for the fiscal second quarter that ended on September 30, 2015.
- NTPC: Shares of NTPC fell 1.29 per cent after the country's largest power producer said it expects to commission the first 800 mw unit of its 4,000 MW Kudgi super thermal power project in Karnataka in the current fiscal.
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: Nov 9, 2015 4:06 PM IST