Stocks That Were In News On May 12, 2016

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The 30-share benchmark index ended the trade at 25790.22, higher by 193.20   points, while the NSE Nifty was at 7900.40, up by 51.55 points.

On the global front, Asian peers ended the day on a mixed note, while European counters were also trading mixed.

Stocks That Were In News On May 12, 2016

Sutlej Textiles

Sutlej Textiles and Industries Ltd has reported fantastic numbers in its January-March quarter ended March 31, 2016

The stock ended the day at Rs 591, higher by 11.80 per cent on BSE. It touched an intraday high at Rs 614 during the trade.

Adani Power

Adani Power said that it has raised Rs 330 crore by allotments of non-convertible debentures (NCDs) on a private placement basis.

The stock ended the day at Rs 30.35, higher by 0.83 per cent on BSE. It touched an intraday high at Rs 30.60 during the trade.

Dr Reddy's Lab

Dr Reddy's Laboratories today reported an 85.6 per cent decline in its consolidated net profit to Rs 74.6 crore for the fourth quarter to March, mainly on account of a write-down of outstanding receivables from Venezuela. 

The stock ended the day at Rs 2968, higher by 3.44 per cent on BSE. It touched an intraday high at Rs 2994 during the trade.

Asian Paints

Asian Paints today rose by over 2 per cent after the company reported a 19.87 per cent increase in consolidated net profit for the March quarter.

The stock ended the day at Rs 928, higher by 2.27per cent on BSE. It touched an intraday high and 52-week high at Rs 931 during the trade.

Tyche Industries

Tyche Industries jumped 20 per cent, after the company said that it has received approval from the United Stated Food and Drug Administration for its Active Pharmaceuticals Ingredients (API) plant at Kakinada plant in Andhra Pradesh.

The stock ended the day at Rs 49.10, higher by 19.90 per cent on BSE. It touched an intraday high at Rs 49.10during the trade.

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