Why Britannia, Nalco were among 11 stocks that made news in Monday’s trade – Financial Express

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Stocks that remained in focus today Cox & Kings stocks ended 13.98 per cent down at Rs 149.80 after it reported a consolidated net loss of Rs 305.53 crore for the quarter ended March 31, 2016. The company had posted a net profit of Rs 64.56 crore for the corresponding period of the previous fiscal.

The BSE Sensex and NSE Nifty erased initial gains and closed in negative in volatile session on Monday as traders remained on sidelines ahead of the upcoming expiry of May derivative contracts. Prevailing caution ahead of the US Fed move and its subsequent impact on movement of the dollar, also kept the price gains in check at D-street. Sensex fell 71.54 points to end at 25,230.36, while Nifty closed 18.65 points down at 7,731.05.

Below are the 11 stocks that are in focus today

Multi Commodity Exchange (MCX): Stocks price of the commodity bourse MCX closed 6.85 per cent up at Rs 916.60 after the Reserve Bank removed restriction imposed on overseas investors on buying equity shares in the MCX.

TTK Prestige: TTK Prestige shares ended 5.94 per cent up at Rs 4607.10 after the company reported 121.52 per cent rise in net profit figures at Rs 21.62 crore for the quarter ended March 31, 2016. It had posted a net profit of Rs 9.76 crore in the corresponding quarter a year ago.

Monsanto India: German drugs and chemicals group Bayer AG said it had made an offer to buy US seeds company Monsanto Co for $122 per share in cash, or a total value of $62 billion, to create the world’s biggest agricultural supplier. It said on Monday it planned to finance the deal with a combination of debt and equity, which would include a rights offering. Monsanto had disclosed last week that Bayer had made an unsolicited takeover offer for the group. Shares of Monsanto India closed 8.58 per cent down at Rs 2077.50

Patel Engineering: Patel Engineering shares ended 9.52 per cent up at Rs 55.20 after the company announced that the joint venture company secured orders worth of Rs 2,377 crore from IRCON International.

Power Grid Corp: Stocks of the company were trading 2.08 per cent up at Rs 147.35 (10.58 am) after it replaced state-run BHEL from the BSE’s benchmark index Sensex. Later, the scrip ended 2.56 per cent up at Rs 148.05.

Dish TV India: Stocks of the DTH service provider ended 5.82 per cent down at Rs 88.25 despite the cmpany reporting nearly 14-fold jump in consolidated net profit at Rs 482.77 crore for the March quarter on account of deferred tax expense of Rs 402.90 crore. The company had posted a net profit of Rs 34.94 crore for the January-March period of 2014-15 fiscal.

National Aluminium Company Ltd (Nalco): Shares of the company closed 3.58 per cent up at Rs 41.90 after the company said its board will meet on May 25 to discuss buy-back of the government’s 25 per cent stake in the aluminium maker.

Cox & Kings: Stocks of the tour and travel company ended 13.98 per cent down at Rs 149.80 after it reported a consolidated net loss of Rs 305.53 crore for the quarter ended March 31, 2016. The company had posted a net profit of Rs 64.56 crore for the corresponding period of the previous fiscal.

ITC: Stocks of the FMCG firm closed 5.29 per cent up at Rs 347.40 after it reported an increase of 5.67 per cent in standalone net profit at Rs 2,495.20 crore for the fourth quarter ended March 31. The company had posted a net profit of Rs 2,361.18 crore during January-March quarter a year ago. Read more

Britannia Industries: Stocks of the company settled the day 8.61 per cent down at Rs 2680.95 despite reporting a 13.73 per cent increase in its consolidated net profit at Rs 190.23 crore for the quarter ended March 31, 2016. The company had posted a net profit of Rs 167.25 crore in the same period of previous fiscal. Hiren Dhakan, associate fund manager, Bonanza Portfolio said, “Shares of Britannia Industries corrected on Monday after the company guided for a limited margin gains in the upcoming quarter.” Read more

Just Dial: Stocks of the local search engine ended 6.55 per cent down at Rs 702.25 after the company on Saturday reported 25.08 per cent decline in net profit at Rs 35.33 crore for the quarter ended March 31. The company had reported a net profit of Rs 47.16 crore in the corresponding quarter a year ago. Read more