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ITC, NTPC, Glenmark and Jet Airways among top 12 stocks that were in focus today

ITC, NTPC, Glenmark and Jet Airways among top 12 stocks that were in focus today

Shares of ITC fell over 5 per cent in trade on Friday after the cigarette-FMCG-to-hotel major reported its September quarter results below Street estimates.

BusinessToday.In
  • New Delhi,
  • Updated Oct 30, 2015 4:25 PM IST
ITC, NTPC, Glenmark and Jet Airways among top 12 stocks that were in focus todayShares of SpiceJet and Jet Airways surged up to 5 per cent in trade on Friday after aviation ministry proposed slew of reforms in its draft aviation policy. Photo: Reuters

Extending losses for the fifth consecutive session, the domestic markets posted their worst weekly performance in two months, on the first day of November series futures and options (F&O) contracts, as disappointing results from ITC and Larsen & Toubro raised concerns about the health of the corporate sector.

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The S&P BSE Sensex tanked 814 points down this week and settled the day 181 points lower to 26,656.83, while broader CNX Nifty slipped below its crucial level of 8,100 to end at 8,065.80, down 45.95 points.

Here are top stocks which are likely to remain in focus today:

  1. Nestle India: Shares of Nestle India fell 2 per cent after the company reported a 60.1 per cent decline in its stand-alone net profit at Rs 124.20 crore for the third quarter ended September 2015. The stock ended 1.63 per cent down after hitting an intraday low of Rs 6156.50, down 1.99 per cent on the Bombay Stock Exchange (BSE).
  2. ITC: Shares of ITC fell over 5 per cent in trade on Friday after the cigarette-FMCG-to-hotel major reported its September quarter results below Street estimates. The stock ended the day 4.30 per cent down after hitting an intraday low of Rs 331.40, down 5.24 per cent on the BSE.
  3. Glenmark: Drug maker Glenmark Pharmaceuticals ended 5 per cent up after the company reported a 20% rise in its consolidated net profit for the quarter ended 30 September, aided by strong revenue growth in domestic market.
  4. NTPC: Shares of NTPC rallied nearly 8 per cent in trade on Friday after the state-run company posted around 40 per cent increase in net profit at Rs 2,898.28 crore for the second quarter ended on September 30 on account of higher power generation. "The company had posted a net profit of Rs 2071.63 crore in the corresponding period of last fiscal year. The stock ended the day 3.83 per cent up after hitting an intraday high of Rs 137.55, up 7.62 per cent on the Bombay Stock Exchange (BSE).
  5. Airline stocks: Shares of SpiceJet and Jet Airways surged up to 5 per cent in trade on Friday after aviation ministry proposed slew of reforms in its draft aviation policy. The stock of SpiceJet ended 8.47 per cent up after rising as much as 5.56 per cent to Rs 45.50, while Jet Airways settled the day 9.34 per cent up after rallying 11.66 per cent to Rs 446, on the Bombay Stock Exchange (BSE).
  6. Dr Reddy's Laboratories: Shares of Dr Reddy's Laboratories surged over 3 per cent in trade on Friday after the drug major reported a 25.74 per cent jump in consolidated net profit at Rs 721.89 crore for the second quarter ended September 30, aided by good sales growth and new product launches. The stock ended the day 1.32 per cent up after rising 3.46 per cent intraday to Rs 4360, on the Bombay Stock Exchange.
  7. Jaiprakash Associates: Shares of Jaiprakash Associates ended 3.05 per cent up after the company said CCI has found that it is not enjoying dominant position in the real estate market of Noida and Greater Noida. By a majority order, the Competition Commission of India (CCI) has dismissed charges of dominant market position abuse against Jaiprakash Associates in the real estate sector.
  8. Thomas Cook: Thomas Cook shares ended 4.53 per cent down even as the company reported a consolidated net profit of Rs 14.60 crore for the second quarter ended September 30. The company had posted a net profit of Rs 22.18 crore for the corresponding period last fiscal, Thomas Cook India said in a filing to the BSE.
  9. GIC Housing Finance: Shares of GIC Housing ended 7.66 per cent up after the company reported rise of 15 per cent in its net profit at Rs 29.79 crore for the second quarter ended September. The company's net profit was at Rs 25.83 crore in the same period a year ago.
  10. Crompton Greaves: Crompton Greaves settled the day 3.20 per cent down even as it reported 25 per cent decline in consolidated net profit at Rs 52.14 crore for the quarter ended on September 30.
  11. Torrent Pharmaceuticals: Torrent Pharma closed the day 2.23 per cent down even as it reported nearly 3-fold jump in consolidated net profit to Rs 568 crore for the second quarter ended September 30, on account of new product launch in the US market.
  12. Mangalore Refinery and Petrochemicals: MRPL shares settled 3.36 per cent down after it reported a net loss of Rs 910 crore in the September quarter primarily due to foreign exchange losses due to rupee depreciation.

 

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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: Oct 30, 2015 4:25 PM IST
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