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Four stocks that made news today: SBI, Britannia Industries and more

Four stocks that made news today: SBI, Britannia Industries and more

Shares of Britannia Industries surged 6.38 per cent to Rs 2,432 after the company on Thursday reported a 55 per cent jump in net profit for the fourth quarter ended March 31, 2015.

Buoyed by firm global cues and government announcement to overhaul the country's foreign direct investment policy rules for overseas Indians, the key the key benchmark indices the BSE Sensex and NSE Nifty gained 0.53 per cent and 0.45 per cent to 27,957.50 and 8,458.95, respectively, on Friday.

Below are some of the stocks which remain in limelight today.

 

  1. Jindal Steel and Power : Shares jumped over 3 per cent in intra-day trade after Chairman Naveen Jindal got bail from a special court in the coal scam case. Jindal was summoned over alleged irregularities in the allocation of a coal mining block in Jharkhand. However, the scrip narrowed the gains to close the day at Rs 137.70 - up 1.06 per cent from its previous close.
  2. Wockhardt : Shares rose over 2 per cent to Rs 1,438 in intra-day trade after one of its products received the Qualified Infectious Disease Product (QIDP) status from the US Food and Drug Administration (FDA). Shares closed the day at Rs 1426.95, up 1.41 per cent higher than its previous close.
  3. Britannia Industries : Shares of one of India's biggest FMCG brands surged 6.38 per cent to Rs 2,432 after the company on Thursday reported a 55 per cent jump in net profit for the fourth quarter ended March 31, 2015.
  4. State Bank of India : The bank reported its Q4 result on Friday. It reported a 23.06 per cent rise in its Q4 profit, with standalone net profit at Rs 3,742 crore against Rs 3,041 crore in the corresponding quarter last year. However, shares of the lender ended the day at Rs 281.90, down 2.88 per cent lower than its previous close.

 

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: May 22, 2015, 9:42 AM IST
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