It has been a good day of trade with the indices breaking a 5-day losing streak. Here are a few stocks that moved higher and lower in trade.
Shares in PTC fell as much as 6 per cent in trade. The immediate reasons for the fall in the stock was not known. PTC India shares were last trading at Rs 87.40 on the BSE.
PTC India Ltd. (PTC), is a leading provider of power trading solutions in India, was established in the year 1999 as a Government of India initiated Public-Private Partnership, whose primary focus is to develop a commercially vibrant power market in the country .
Shares in Uniphos jumped almost 4 per cent in trade today and was last seen trading at Rs 84.50. There was heavy volumes in the counter, which was almost 10 times the average trading volumes.
Uniphos Enterprises Limited is engaged in the business of trading of chemicals. At present the trading activities of the Company is on a very small scale. The Company continues to look at new opportunities of trading in chemicals in India and abroad.
Fertilizers and Chemicals Travancore
Shares in this company jumped 5 per cent. More popularly known as FACT, it was difficult to ascertain the reason for the sharp rally in the stock.
The shares were frozen at the upper end of the circuit filter with only buyers in the counter.
FACT is a Government of India Enterprise and has business interests in manufacturing and marketing of fertilizers, caprolactam, engineering consultancy and fabrication of equipments. Units of FACT include the two manufacturing divisions Udyogamandal Complex-UC and Cochin.
Shares in FDC fell despite a buy FDC said the board of directors has approved a buyback of its fully paid up equity shares through tender offer route.
The company proposes to buyback 34,30,000 shares for a consideration of Rs 350 per share for an aggregate consideration of upto Rs 120.05 crore, which constitutes 9.50 percent of the total paid up share capital and free reserves as per the audited standalone financial statements of the company for the financial year ended March 31, 2017.
The shares of the company were last trading a Rs 293.
Telecom stocks were in the limelight after the government announced some relief for the sector. The Cabinet on Wednesday extended payments tenure for auctioned airwaves from 12 years, including a two-year moratorium, to 16 years, as a one-time measure, giving much needed relief to mobile operators.
Stocks of Airtel and Idea were both trading higher.