Week-End Stocks, Watch out Major Stocks performed
The Indian share market ended higher Friday led by gains in auto, IT and metal stocks amid positive global cues. The Sensex clocked by 127.01-pts or 0.31 -pc higher at 40,685.50 whereas the NSE Nifty gained 33.90 -pts or 0.28 -pc to close at 11,930.35. Nifty Smallc-ap & Nifty Midcap indices have gaining over 0.6 -pc and 0.7-pc, each. Among sectors, Nifty Auto rallied the most over 2 -pc followed by Nifty IT, Nifty Media, Nifty PSU Bank and Nifty Metals while Nifty Pharma and Nifty Realty ended in the red.
Here are the key stocks that moved the most in the Week-end: Cochin Shipyard shares settled nearly a -pc higher to Rs 362.50 after ace investor Radhakishan Damani bought half a -pc (0.5 -pc) equity stake in the company worth around Rs 27 crore via an open-market transaction.
Crompton Greaves stock closed over 5 -pc higher to Rs 302.30 apiece on the NSE after it reported a strong set of numbers for the September quarter. Net profit jumped 27.7 -pc year-on-year (YoY) to Rs 142 crore. Aditya Birla Fashion and Retail stock settled 7.49 -pc higher to Rs 165 on the NSE after Walmart-owned Flipkart said that it would invest Rs 1,500 crore in the company for a 7.8 -pc stake.
SBI Cards & Payments shares ended 5.5 -pc lower to Rs 805 after the company reported poor quarterly numbers with deterioration in the asset quality. The firm posted a 46 -pc dip in its net profit at Rs 206 crore in Q2. Music Broadcast share price ended 20 -pc higher to Rs 21.35 per share on the NSE after it announced the bonus issue of non-convertible, non-cumulative, redeemable preference shares for every 10 shares held by the non-promoter shareholders.
Markets closed higher; Auto, IT stock bullish
Flipkart To buy 7.8pc Stake In Aditya Birla Fashion
European stocks edged higher on Friday, led by positive earnings