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ITC and JustDial among top 6 stocks that hogged limelight on Dalal Street

ITC and JustDial among top 6 stocks that hogged limelight on Dalal Street

Shares of ITC surged over 7 per cent to hit its highest level since October 2015 after the FMCG major reported an increase of 5.67 per cent in standalone net profit at Rs 2,495.20 crore in the March quarter.

BusinessToday.In
  • New Delhi,
  • Updated May 23, 2016 4:20 PM IST
ITC and JustDial among top 6 stocks that hogged limelight on Dalal StreetPhoto: Reuters

In a choppy trade on Monday, the S&P BSE Sensex pared all its early gains to settle the day 71 points lower, while the broader CNX Nifty ended below its key 7,750-mark.

The sentiment on the Street remained muted ahead of a deluge of corporate results and the expiry of derivative contracts this week.

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Key stocks that buzzed in today's trade:

  1. ITC: Shares of ITC surged over 7 per cent on Monday to hit its highest level since October 2015 after the FMCG major reported an increase of 5.67 per cent in standalone net profit at Rs 2,495.20 crore in the March quarter.
  2. MCX: Stock price of commodity bourse MCX surged nearly 9 per cent today after the Reserve Bank removed restriction imposed on overseas investors on buying equity shares in the Multi Commodity Exchange (MCX).
  3. JustDial: Shares of Just Dial surged over 7 per cent after the company reported a 15 per cent rise in its Q4 total income to Rs 179 crore in the March quarter. The local search engine giant had reported total income of Rs 156.28 crore in the same quarter of last financial year.
  4. NALCO: Shares of National Aluminium Co gained as much as 7.5 per cent to hit its highest since May 9 as the company board is likely to consider share buyback on May 25 meeting. Earlier this month, NALCO had agreed to buy back 25 per cent of its shares from govt, which holds about 81 per cent.
  5. Monsanto India: Shares of Monsanto India slumped over 9 per cent following the government's decision to tighten rules for the sale of genetically-modified cotton seeds in the country. The new rule will cap royalties for any new variety that the market's sole supplier - US-based Monsanto Co - decides to develop and sell.
  6. Cox & Kings: Shares of Cox & Kings slumped 8 per cent after the company reported a net loss of Rs 305.33 crore in the March quarter. The company had reported net profit of Rs 64.56 crore in the same quarter a year ago.

 

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 23, 2016 3:55 PM IST
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