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YES Bank, Visa Steel among top 5 stocks that buzzed on Dalal Street today

Shares of Visa Steel closed the day 20 per cent up on BSE after the company reported that it would seek shareholders' approval for the merger of its JV firm Visa Bao (VBL) in an attempt to optimise costs and secure availability of resources for its ferrochrome business.

BT Online | June 10, 2016 | Updated 16:08 IST
Top 5 stocks that buzzed on D-Street today
Photo: Reuters

In a volatile trading session on Friday, the S&P BSE Sensex ended 128 points lower, while the broader Nifty50 settled below its key support level of 8,200.

The headline indices logged their first weekly fall in three as caution prevailed ahead of the US Federal Reserve meeting next week and Britain's referendum on European Union membership on June 23.

Key stocks that buzzed in today's trade:

1)YES Bank:
Shares of Private sector lender YES Bank settled the day 2.28 per cent up on BSE after the Bank executed a "Share Subscription and Shareholders' Agreement" agreeing to subscribe for 20,00,000 equity shares of Receivables Exchange of India Limited (RXIL) which is equivalent to 8 per cent of the post-issue paid-up capital of RXIL, as per the terms of the aforesaid agreement.

2)Cyient:
Shares of Cyient traded 0.24 per cent up on BSE after the company launched a new global design centre in Bengaluru for SMEC, an Australian professional services company for providing high-level consultancy services on major infrastructure projects.

3)Visa Steel: Shares of Visa Steel closed the day 20 per cent up on BSE after the company reported that it would seek shareholders' approval for the merger of its JV firm Visa Bao (VBL) in an attempt to optimise costs and secure availability of resources for its ferrochrome business.

4)GVK Power & Infrastructure:
Shares of GVK Power & Infrastructure surged over 19.83 per cent on BSE as the company is seeking sought shareholders' approval for increasing the maximum limit of loans and guarantees that can be given to other entities to Rs.15,000 crore.

5)Motherson Sumi Systems: Shares of Motherson Sumi System declined 1.64 per cent on BSE even after the company raised $300 million (Rs 2,000 crore) via a global bond sale, in part to support its expansion in North America.

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