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Auto stocks, Jet Airways and Hexaware among top 10 stocks that trended today

Auto stocks continued to be under pressure with mixed December sales numbers and a ban on sales of large diesel vehicles in the capital. Shares of Tata Motors, M&M and Maruti Suzuki fell up to 2 per cent.

BT Online | January 6, 2016 | Updated 18:37 IST
Auto stocks, Jet Airways and Hexaware among top 10 stocks that trended today
Shares of Jet Airways gained over 2 per cent on news reports that Jet Airways is in talks to raise $300-400 million from Etihad Airways. Photo: Reuters

The S&P BSE Sensex shed 174 points to slip below 25,500 in trade on Wednesday, while broader CNX Nifty fell below its key support level of 7,750.

The headline indices fell to their lowest level in three weeks along with other Asian markets as China allowed the yuan to weaken further, stoking fears that the world's second-biggest economy could be even weaker than feared.

The 30-share index ended at 25,406.33, down 174.01 points, while broad-based 50-share index quoted 7,741.00, up 43.65 points at close.

Market breadth turned fairly negative with 25 of the 30 Sensex components ending the day in red.

Here are top 10 stocks that trended in today's trade:

  1. Glenmark Pharma: Shares of Glenmark Pharma shed 2.84 per cent even as its parent company in US received tentative ANDA approval for Dronedarone Tablets, 400 mg. The stock ruled higher in the early trade.
  2. Narayana Hrudayalaya: The stock of healthcare services firm listed at Rs 291 on bourses and gained as much as Rs 344.20, up 37.68 per cent on BSE. The scrip ended at Rs 336.70, up 34.68 per cent against its issue price.
  3. Auto stocks: Auto stocks continued to be under pressure with mixed December sales numbers and a ban on sales of large diesel vehicles in the capital. Tata Motors fell 2.39 per cent, Mahindra and Mahindra dropped 1.95 per cent and Maruti Suzuki declined 1.94 per cent.
  4. Petronet LNG: Shares of Petronet LNG gains as much as 4.7 per cent to mark its all-time high at Rs 271.9 after global brokerage firm Citi raised its target price to Rs 303 rupees from Rs 261. The company in December renegotiated deal with RasGas to buy LNG at $6-7/mmBtu, almost half the original price. The scrip ended 2.58 per cent up.
  5. Jet Airways: Shares of Jet Airways ended flat after gaining over 2 per cent on news reports that airline is in talks to raise $300-400 million from Etihad Airways. Etihad currently holds 24 per cent in the airline. Jet Airways declined to comment on the market speculation. 
  6. Spicejet: Shares of SpiceJet rallied 3 per cent intraday but ended flat as the airline is said to have increased its frequencies in existing sectors and upgraded seat capacity on various routes across its domestic and international network to service additional demand from markets.
  7. Hexaware: Shares of Hexaware shed 2.46 per cent on reports that Baring Private Equity Asia, a majority stockholder, is looking to divest 71 per cent of its stake in the IT firm. The stock ruled higher in the early trade.
  8. Godfrey Phillips: Shares of Godfrey Phillips surged over 4 per cent on reports of possible buy-out of cigarettes business by Phillip Morris.However, the scrip cut its entire gains and ended 1.58 per cent lower.
  9. RPP Infra Projects: Shares of RPP Infra ended flat after adding 3 per cent as the company said it has received an order worth 305 million rupees for the construction of police residences in Karnataka state.
  10. Sugar stocks: Sugar stocks such as Rana Sugars, Mawana Sugar, Oudh Sugar Mills and Empee Sugars & Chemicals gained up to 10 per cent on news reports that Uttar Pradesh Chief Minister Akhilesh Yadav may announce better price parity for sugarcane in a cabinet meeting on sugarcane pricing policy on January 7.

 

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