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Stocks That Were In News On May 9, 2016
The 30-share benchmark index ended the trade high at 25688.86, higher by 460.36 points, while the NSE Nifty was at 7866.05, up by 132.60 points.
On the global front, Asian peers ended the day on a mixed note, while European counters were trading high.
ITC rose after the company said it is re-opening its factory units. The company said it will re-open factories in a phased manner to comply with the Supreme Court's ruling for 85 per cent pictorial warning in packages.
The stock ended the day at Rs 326, higher by 2.77 per cent on BSE. It touched an intraday high at Rs 326 during the trade.
The equity shares of Thyrocare Technologies Ltd are listed and admitted to dealings on the Exchange in the list of 'B' Group Securities.
Andhra Bank has reported a sharp fall of 72.1 per cent in its standalone net profit for the fourth quarter ended March 31, 2016 at Rs 51.6 crore, mainly on account of higher provisioning for NPAs.
The stock ended the day at Rs 51.85, higher by2.17 per cent on BSE. It touched an intraday high at Rs 52.85 during the trade.
Natco Pharma Ltd said that it has received approval from Madras High Court for the amalgamation of its arm Natco Organics Limited with the company.
The stock ended the day at Rs 461, higher by 1.04 per cent on BSE. It touched an intraday high at Rs 466 during the trade.
The company reported 14.4 per cent decline in net profit to Rs 184.11 crore for the fourth quarter ended March 31, 2015-16, mainly due to lower sales.
The stock ended the day at Rs 364, higher marginally by 0.11 per cent on BSE. It touched an intraday high at Rs 369 and low at Rs 352 during the trade.
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