The domestic markets ended the day sharply lower in trade on Friday and posted a third straight weekly loss, weighed down by disappointing second-quarter earnings and foreign investor outflows, as funds continue to sell in anticipation of a potential US interest rate hike next month.
Market breadth remained fairly negative with 23 of the 30 Sensex stocks ending the day in red.
Here are top 10 stocks which were in focus today:
- SpiceJet: Shares of SpiceJet ended the day 2.91 per cent down after falling 6 per cent intraday even as the airliner reported a net profit of Rs.23.8 crore for Q2 FY16, an improvement of Rs 334.2 crore relative to the net loss of Rs 310.4 crore for the same quarter last year.
- Eros International Media: Shares of Eros International Media took a beating and fell 10 per cent to hit its 52-week low in trade on Friday on news reports that its US parent company Eros plc came under analysts' scanner on reportedly overstating the economic relaity of the company's business model. The stock ended at its 52-week low of Rs 237.60, down 9.98 per cent on BSE.
- M&M: Shares of Mahindra and Mahindra ended over 1 per cent down after an Italian car designer Pininfarina said it expects to reach a deal to be acquired by automaker in the next few weeks.
- Indiabulls Housing Finance: Shares of IHFL ended 10 per cent down after slumping as much as 17.46 per cent after the company said it will acquire about 40 per cent stake in UK-based OakNorth Bank for $100 million (Rs 660 crore), making it the lender's biggest shareholder and aiding its expansion into new business areas overseas.
- Tata Motors DVR: Shares of Tata Motors DVR surged as much as 5.8 per cent after MSCI, an international provider of research-based indexes and
analytics, included the stock into its Global Standard index.
- Unitech: Realty firm Unitech's shares ended 3.58 per cent down after the company's sales bookings remained flat at Rs 524 crore in the first six months of this financial year due to demand slowdwon in the property market.
- Rashtriya Chemicals and Fertilisers: Shares of Rashtriya Chemicals and Fertilisers settled at Rs 46.55, down 3.6 per cent after the state-owned firm reported over 38 per cent fall in net profit at Rs 47.94 crore in the second quarter of 2015-16 on account of higher expenses.
- NALCO: The state-run aluminium maker NALCO's shares closed 3.62 per cent down after the company reported a 33.78 per cent decline in its net profit to Rs 226.14 crore for the quarter ended September 30.
- Muthoot Capital Services: Shares of Muthoot Capital Services, the only listed entity in the Muthoot Pappachan Group, surged 2.91 per cent after the company reported a 15 per cent rise in net profit for the September quarter at Rs 6.2 crore.
- National Fertilizers: Shares of National Fertilizers ended 1.73 per cent down after the company reported a 12 per cent fall in net profit at Rs 54.19 crore for the second quarter ended September 30.