Markets were trading almost flat, as global markets were also tentative, following uncertainty over the US election outcome. What once seemed to be a win for Hillary Clinton is now turning into a tight battle. Here are 6 stocks that gained in trade today.
Shares in Ujaas Energy surged a huge 9.75 per cent at Rs 33.25 per share. The rise in the share price was on the back of a surge in net profits. Ujaas Energy saw net profits rise to Rs Rs 9.7 crore versus Rs 7.3 crore (QoQ).
Ujaas Energy is the first company to generate & sell Solar REC in the country from its solar power plant of 2 MW commissioned in March 2012. The company which initially began with the manufacture of transformers is now engaged in a whole range of products catering to green energy.
Shares in Bharti Infratel rallied almost 3 per cent in trade and for a stock like Bharti Airtel to jump 3 per cent is excellent. This was after news in the Economic Times that KKR and Canada Pension Plan are eyeing a $4 billion stake buy in Bharti Infratel. In fact, only recently Bharti Airtel had said that it has taken board approval to explore monetization of a significant stake in Infratel. Check stock quote of Bharti Infratel here
Caplin Point shares were up 5 per cent in trade today.
Shares in Caplin Point jumped 4 per cent, after the company said that the US FDA had completed of its sterile injectible plant. "There were only two observations and we believe these to be minor in nature. The corrective and preventive actions for these observations will be presented to the US FDA within the next 15 days the company has stated".
All Cargo Logistics
Shares in Allcargo Logistics gained ground after the company said that a board meeting on November 7 was scheduled to consider a buyback of shares. The stock was last trading at Rs 191.15 on the BSE. All Cargo Logistics is the leading LCL consolidators and India's first and largest integrated logistics solutions provider, in the private sector.
Shares in Sigal Logistics also surged after the company won a contract from the West Bengal Power Development Corporation with revenue opportunity of Rs 1,500 crore over 7 years. The stock was last trading at Rs 222.30 on the NSE.
Shares in Mahindra Holidays gained after the company's Q2 net profit was up 21.9 percent at Rs 32.8 crore versus Rs 26.9 crores. The stock was last trading at Rs 459 on the NSE. Mahindra Holidays & Resorts India Ltd., (MHRIL) is a part of the Leisure and Hospitality sector of the Mahindra Group.