Stocks That Were In News On July 26, 2016

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Key domestic benchmark indices ended trade lower after trading flat. The 30-share benchmark index ended trade lower by 118.82 points to end at 27976.52; Nifty ends at 8590.65 down by 45.00 points.

Stocks That Were In News On July 26, 2016

Sobha

Shares of Sobha jumped after the real estate player said that it has bought back 1.76 million equity shares of the company from existing shareholders for Rs 58 crore.

Sobha shares ended trade at Rs 334, higher by 3.36 per cent on the BSE. It touched an intra-day high of Rs 346 during trade.

Amtek Auto

Shares of Amtek Auto gained after ET reported that automotive component manufacturers is planning to sell its additional overseas businesses to reduce its debt burden.

Amtek Auto shares ended trade at Rs 51.50, higher by 7.29 per cent on the BSE. It touched an intra-day high of Rs 56.20 during trade.

Adani Transmission

Shares of Adani Transmission rallied after the company signed a purchase agreement with Credit Suisse AG, Singapore Branch for its Indian rupee dominated Masala Bond of Rs 500 crore with coupon of 9.10 per cent.

Adani Transmission shares ended trade at Rs 40.40, higher by 4.94 per cent on the BSE. It touched an intra-day high and 52-week high of Rs 42.75during trade.

Manappuram Finance

Manappuram Finance said that it will raise Rs 150 crore through secured redeemable non-convertible debentures (NCDs).

Manappuram Finance shares ended trade at Rs 77.50, higher by 2.11 per cent on the BSE. It touched an intra-day high of Rs 79.30 during trade.

Canara Bank

Shares of Canara Bank rose even after the bank reported a decline of 52 per cent in its net profit for the first quarter at Rs 228.95 crore for the first quarter ended June 30, 2016.

Canara Bank shares ended trade at Rs 257.60, higher by 1.54 per cent on the BSE. It touched an intra-day high of Rs 266 during trade.

Dr Reddy

Shares of Dr Reddy fell after the company missed the analysts estimates. Shares of the pharma company ended trade at Rs 3,302, lower by 5.3 per cent on the BSE. It touched an intra-day low of Rs 3,295 during trade

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Story first published: Tuesday, July 26, 2016, 15:36 [IST]
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