New Delhi: The Sensex and Nifty recovered from early lows to gain nearly 0.50 per cent on Monday. Stocks of state-owned enterprise Shipping Copr of India, renewables major Suzlon, and pharma giant Biocon were in focus today. Let’s examine the price movement for these stocks during Monday’s trade and try to understand why these shares are in focus.
HDFC Bank, Infosys, and ICICI Bank were the top Index contributors to the 30-share Sensex, while Asian Paints and Mahindra and Mahindra were the top drags.
Shipping Corporation of India share price
Shipping Corp of India’s share price was up 13.30 per cent to Rs 240.65 apiece on Monday. The company’s shares closed at Rs 212.40 apiece on Friday. On Monday, SCI’s shares opened at Rs 222.05 apiece and went on to hit a high of Rs 243.45 apiece, and a low of Rs 222.05 apiece. SCI reported a net profit of Rs 291.44 crore compared to Rs 65.73 crore in the year ago period.
Biocon share price
Biocon’s share price rose 19.75 per cent to Rs 341 apiece at 12:26 pm on Monday. The company’s stock opened at RS 326 apiece on Monday compared to Friday’s closing price of Rs 321.25 apiece. Biocon’s stock hit a high of Rs 343.20 apiece followed by a low of Rs 326 apiece on Monday. The company’s stock surged after US drug regulator USFDA gave its nod for Biocon’s biologics unit with ‘Voluntary Action Indicated Status.”
Suzlon’s share price
Suzlon’s share price was down 1.22 per cent on Monday to Rs 61.73 apiece at 12:30 pm. Suzlon’s share price opened at Rs 61.58 apiece compared to Friday’s closing price of Rs 62.50 apiece. The company’s stock hit a high of Rs 62.23 apiece and a low of Rs 58.84 apiece during the day’s trade. Suzlon’s stock price slipped on Monday after the company reported that Ishwar Chand Mangal, its CEO of new business, resigned on Friday.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Stocks in Focus Today: Here’s why shares of Shipping Corp of India, biotech major Biocon and renewables giant Suzlon are in focus today. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
