Stocks That Were In News On February 8, 2016

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The 30-share benchmark index ended the trade at 24287.42, lower by 329.55 points, while the NSE Nifty was at 7387.25, down by 101.85 points.

On the global front, Asian peers including those in China and Hong Kong were closed for the Lunar New Year holidays. 

Stocks That Were In News On February 8, 2016

Jet Airways

Jet Airways rose after the company reported a record quarterly profit of Rs 467 crore for the third quarter ended December 31, 2015 (Q3FY16) aided by low fuel costs.

The stock ended the day at Rs 592, higher by 3.72 per cent on BSE. It touched an intraday high at Rs 619 during the trade.

Rallis India

Rallis India informed that the Board of Directors of the Company, has approved increase of the Company's stake in Metahelix Life Sciences Ltd. (Metahelix), subsidiary of the Company, from 80.51% to 100%.

The stock ended the day at Rs 163, higher by 1.74 per cent on BSE. It touched an intraday high at Rs 165 during the trade.

Punjab National Bank

Punjab National Bank informed that in terms of Board and regulatory approvals, the Bank has raised Rs. 1500 Crore Tier-2 (Basel III compliant) Capital Bonds at annual coupon of 8.65% on private placement basis.

The stock ended the day at Rs 93.60, lower by 1.11 per cent on BSE. It touched an intraday low at Rs 93.25 during the trade.

PTC India

The company PTC India reported a nearly seven-fold jump in its net profit at Rs 45.33 crore for the quarter ended December 31, 2015.

The stock ended the day at Rs 65, higher by 1.96 per cent on BSE. It touched an intraday high at Rs 67.40 during the trade.

Procter and Gamble

Procter and Gamble Hygiene and Health Care Ltd (P&G) reported a 61.81 per cent jump in the net profit to Rs 146.7 crore for the second quarter ended December 31, 2015.

The stock ended the day at Rs 5856, higher by 6.76 per cent on BSE. It touched an intraday high at Rs 6049 during the trade.

IPCA

Drug firm Ipca Laboratories today posted 44.18 per cent decline in net profit at Rs 23.18 crore for the third quarter ended December 31, 2015.

The stock ended the day at Rs 647, higher by 4.52 per cent on BSE. It touched an intraday high at Rs 659 during the trade.

Steel Stocks

Steel stocks such as Tata Steel, Bhushan Steel and Jindal Steel among the gainers in trade.

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