Stocks that made news today: SpiceJet, M&M and more

The Bombay Stock Exchange (BSE) Sensex advanced over 300 points on Friday following the beginning of June F&O series amid firm Asian cues.

The 30-share barometer closed at 27,828.44, up by 321.73 points or 1.17 per cent.

On similar lines, National Stock Exchange (NSE) index closed 114.65 points or 1.38 per cent higher to close at 8,433.65.

Below are the key stocks that made news today:

• SpiceJet: The budget-carrier, which was acquired back by its original co-founder Ajay Singh from the Maran brothers during the quarter, reported a net profit of Rs 22.5 crore in the three-month period as against a net loss of Rs 321.5 crore in Q4 of FY14. Reacting to this positive development, shares of the company closed at Rs 20.15, up by 6.61 per cent on BSE.
• ONGC: State-owned ONGC on Thursday reported a 19.5 per cent fall in net profit to Rs 3,935 crore for the quarter ended March 31, 2015, mainly due to higher operating costs and write-off on dry wells drilled. Shares of the oil company closed at Rs 329.95 apiece, up by 0.56 per cent on Friday.
• M&M: Homegrown auto major Mahindra & Mahindra on Friday reported 38.61 per cent decline in standalone net profit at Rs 550.56 crore for the fourth quarter ended March 31, hurt by slowdown in automotive and farm equipment segments. Inspite of this, shares of the auto company closed at Rs 1260.20 per share, up by 4.89 per cent.
• IOC: State-run Indian Oil on Friday posted a standalone net profit of Rs 6,285.35 crore for the quarter ended on March 31, 2015, down 33.06 per cent compared to that in the same period last year. Shares of the company closed 1.36 per cent lower at Rs 355.95 apiece.