Stocks Radar: Strides Shasun, IL&FS Engineering, Premier Explosives And More
Here are the movers and shakers in today’s markets.
Indian shares swung between gains and losses even as Asian peers continued to sell-off as uncertainty over the outcome of the U.S. presidential elections roiled global equity markets.
The Nifty index opened below the 8,500 mark for the first time since July 22.
Here are the stocks that are moving the market:
Strides Shasun
Shares of the pharmaceutical company gained as much as 4.61 percent to Rs 1,098 after the company, along with Mylan agreed on a full and final settlement of all regulatory claims notified by Mylan to the company and its subsidiary.
Strides will receive $30 million, which represents the balance of funds that it deposited in the regulatory escrow.
IL&FS Engineering: Defaults On Interest Payment
Shares of the engineering and construction company fell as much as 5.79 percent to Rs 49.60, after the company defaulted on payment of interest on the six percent Optionally Convertible Cumulative Redeemable Preference Shares.
The company also posted a net loss of Rs 80.67 crore during the July-September quarter compared to Rs 81.87 crore during the corresponding quarter last year.
Zensar Technologies: Profit Booking After 12 Percent Jump On Wednesday
Shares of the information technology company fell as much as 4.99 percent to Rs 999. The company had acquired a London-based company named ‘Foolproof’ for an undisclosed amount yesterday.
Post the announcement, shares soared as much as 15.45 percent before ending the day of trade higher by 12.63 percent.
Premier Explosives: Profits Grow 27 Percent In Q2
Shares of the commercial explosives maker gained as much as 7.7 percent to Rs 402.20 after it posted robust earnings in its July-September quarter.
Revenues for the company increased 35.8 percent year-on-year to Rs 55 crore, while profit for the company grew 27 percent to Rs 2.4 crore compared to the year ago period.
SAIL: Export Volumes Triple Between April-October
Shares of the government-owned steel manufacturer gained as much as 2.24 percent to Rs 52.45, after the company’s saleable steel output rose 22 percent during the April-October period.
Export volumes for the company also grew three times during the same period.
Jindal Photo: JSW, SembCorp In Race To Buy Odisha Plant
Shares of the company gained as much as 3.84 percent to Rs 86.50 after newspaper reports suggested that the Adani group, JSW group and SembCorp are in the race to buy the BC Jindal group’s power plant in Odisha.
Earnings To Watch Today
- Ambuja Cements (up 1.18 percent to Rs 243.45)
- Berger Paints (up 2.65 percent to Rs 267)
- Dr Lal Pathlabs (up 4.85 percent to Rs 1,226.65)
- Century Enka (up 2.22 percent to Rs 363)
- Intellect Design Arena (up 2.05 percent to Rs 187)
- Shoppers Stop (up 1.41 percent to Rs 367.85)
- Wheels India (up 3.47 percent to Rs 1,355)
- TD Power Systems (up 3.97 percent to Rs 200.50)
- Take Solutions (up 2.23 percent to Rs 160.75)
- Magma Fincorp (up 3 percent to Rs 120.95)
- Tube Investments (up 2.23 percent to Rs 685)