Chennai Based Stocks Trade Mixed Following Floods

Select shares in Chennai based companies recovered after yesterday's fall, while, some are still trading in negative terrain.

The companies witnessed fall in share price due to heavy rains and floods in the city which in turn affected the production and sale business of these companies.

Here are few companies which are in negative terrain

TVS Motor

Shares of the TVS Motor was seen trading at Rs 280.55, lower by 2.85 per cent on BSE at 10.26 am IST. It touched an intra-day low of Rs 280.30 higher by 287.40 during trade.

Ashok Leyland

Shares of the company were seen trading at Rs 92.40, lower by 0.48 per cent on BSE at 10.28 am IST. It touched an intra-day low of Rs 92.10 and high of Rs 93 during the trade.

IT companies which have bigger presence in Chennai also faced downward pressure.

Infosys

Shares of the IT company Infosys was seen trading at Rs 1050, lower by 0.90 per cent on BSE at 10.37 am IST.

TCS

Shares of TCS were seen trading lower by 0.22 per cent at Rs 2360 on BSE at 10.39 am IST. The stock touched intra-day low of Rs 2351 during the trade.

Companies which recovered from loss

India Cements

Shares of the India Cements recovered from previous loss and was seen trading higher by 0.85 per cent at Rs 89.20 on BSE at 10.30 am IST. It touched an intra-day high of Rs 90.60 during the trade.

Natco Pharma

Shares of the Natco Pharma recovered on Thursday and was seen trading higher by 0.61 per cent at Rs 520 on BSE. The stock touched an intra-day high of Rs 526.80 during trade.

On Wednesday, the company said that its plant at Chennai has suspended operations due to flooding caused by rains.

Sundaram-Clayton

Sundaram-Clayton, a Chennai-based TVS Group company was seen trading higher by 1.18 per cent at Rs 2136 on BSE at 10.34 m IST. The stock touched an intra-day high of Rs 2136 during the trade.

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