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Three stocks that made news today

Three stocks that made news today

Shares of Bank of Baroda will be closely watched as the bank is expected to report its fourth quarter earnings today.

Photo: Reuters Photo: Reuters

The benchmark BSE Sensex jumped 401 points, or 1.48 per cent, to 27,507.30 and touched its highest close since April 23. The Nifty index on the National Stock Exchange also rose 1.63 per cent to 8,325.25. Banking, metal and auto stocks led the rally on Monday.

Below are few stocks which remained in news today.

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Bank of Baroda: Bank of Baroda share price jumped nearly 17 per cent on the back of improvement in asset quality. The bank announced its fourth quarterly earnings on Monday.
The company reported a net profit of Rs 598 crore, down  48.3 per cent, against Rs 1,157 crore in the corresponding quarter a year ago. The fall in net profit figures can be attributed to rise in provisioning.
Provisions for contingencies grew 57.6 per cent year-on-year (yoy) to Rs 1,818 crore at the end of the quarter under review.

IVRCL Limited: Share price of IVRCL jumped 9.12 per cent to Rs 14.95 after the announcement that the company has bagged a project worth 2.196 billion Saudi Arabian riyal (approximately Rs 3,624 crore) to construct residential complexes in Saudi Arabia.

Relaxo Footwears: The company registered 95.60 per cent jump in its standalone net profit at Rs 42.68 crore for the fourth quarter ended March 2015. The company had posted a net profit of Rs 21.82 crore in the January-March period of the previous fiscal. The share price of the company surged around 20 per cent to Rs 847.50 on the Bombay Stock Exchange.

 

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 11, 2015, 9:46 AM IST
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