The BSE Sensex and NSE Nifty snapped a three day losing streak on Thursday on account of buying in beaten down stocks. Sensex settled 160.48 points up at 25,262, while Nifty closed 28.95 points up at 7735.50.
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Below are the 10 stocks that are in focus in Thursday’s trade
Indiabulls Real Estate: Stocks of the company closed 5.69 per cent up at Rs 71.50 following market reports that the company has acquired majority stake of 51.18 per cent in the Singapore-listed business trust IPIT. The company is believed to have acquired additional 2.77 crore shares through its subsidiary Grapene.
Ricoh India: Ricoh India shares hit lower circuit. The scrip plunged 5 per cent to Rs 271.90 after media reports that BSE has suspended trading in the company’s stock from May 26.
Jindal Steel and Power Limited: Stocks of the company closed 0.83 per cent down at Rs 66.05 as its consolidated net loss narrowed to Rs 371 crore in January-March quarter of 2015-16, helped by higher steel sales and cost optimisation measures.
Adani Enterprises: Stocks of the company ended 1.26 per cent down at Rs 78.25 down at Rs 77.20 as the flagship company of the Adani Group, on Wednesday reported a consolidated net profit of Rs 167 crore for the March quarter.
V-Guard Industries: Shares of consumer electrical and electronics marker ended 20 per cent at Rs 1186.90 after the company reporting over two-fold rise in net profit for the March quarter.
Dewan Housing Finance Corporation Ltd (DHFL): Stocks of the company closed 1.46 per cent at Rs 200.95 after it has reported a 16.7 per cent rise in its standalone net profit to Rs 189.66 crore for fourth quarter ended March 2016.
Sun Pharmaceutical Industries: Stocks of the company closed 1.02 per cent up at Rs 810.90 after it said that results of two phase-3 clinical trials, evaluating the efficacy of a new molecule being developed to treat psoriasis, have been positive.
SKS Microfinance: Stocks of the company closed 0.94 per cent up at Rs 601.75 as it has reported more than two-fold jump in standalone net profit at Rs 84.47 crore for the last quarter ended March 2016.
Future Retail: Future Group is considering hiving off its furniture business Home Town from Future Retail and create a separate entity by merging it with FabFurnish to unlock value, Kishore Biyani, chairman, Future Group said. Stocks of the company ended 4.19 per cent down at Rs 142.75.
Hexaware: Stocks of mid-sized IT services firm will be in focus after it posted marginal rise in consolidated net profit at Rs 84.2 crore for January-March 2016. The company reported a net profit of Rs 83.3 crore in the same period a year ago. Later, the scrip closed 0.50 per cent down at Rs 227.10.
