IndiGo, Aurobindo Pharma, GTPL Hathway Among Key Stocks in Focus Today
IndiGo, Aurobindo Pharma, GTPL Hathway Among Key Stocks in Focus Today
Indian stocks opened higher in trade on Thursday on strong Asian markets. At 10:44 am, the S&P BSE Sensex rose 150.57 points, or 0.39%, to 38,707.61, while the Nifty 50 index was up 48.75 points, or 0.42%, to 11,547.65.

Indian stocks opened higher in trade on Thursday on strong Asian markets. At 10:44 am, the S&P BSE Sensex rose 150.57 points, or 0.39%, to 38,707.61, while the Nifty 50 index was up 48.75 points, or 0.42%, to 11,547.65. InterGlobe Aviation, Aurobindo Pharma, GTPL Hathway and Religare Enterprises were among the key stocks in focus on 11 July.

Read on to know more:

InterGlobe Aviation: Shares of InterGlobe Aviation Ltd, that runs India’s largest airline IndiGo, tumbled as much as 9% after falling 10% in the previous session on news that the government will scrutinize a disputed shareholder pact between the two co-founders, Rakesh Gangwal and Rahul Bhatia.

Aurobindo Pharma: Aurobindo Pharma shares jumped over 4% as the company launched generic of Sensipar tablets in the US market. The drug had an annual sale of approximately $1,449 million.

GTPL Hathway: GTPL Hathway Ltd shares shot up 20% after the company’s consolidated profit rose to Rs 29.45 crore in the June quarter compared with Rs 13.37 crore a year ago. Revenue also jumped to Rs 445.5 crore in Q1 versus Rs 296.9 crore in the year-ago quarter.

Himachal Futuristic Communications: Himachal Futuristic Communications Ltd shares gained 10% after profit surged 148% to Rs 117 crore in Q1 versus Rs 47 crore a year ago. Revenue jumped 23% to Rs 1,343 crore compared with Rs 1,088 crore a year ago.

Sun Pharma: Sun Pharmaceutical industries Ltd shares rose 1.5% after the company got the US FDA approval for Risedronate Sodium tablets.

Religare Enterprises: Shares of Religare Enterprises surged 10% after the company announced plan to sell its subsidiary, Religare Finvest, to TCG advisory for an undisclosed amount.

Piramal Enterprises: Piramal Enterprises Ltd shares jumped 2.5% after its board approved raising up to Rs 1,500 crore via non-convertible debentures.

Cox and Kings: Cox and Kings Ltd shares were locked in a 5% lower circuit after the company defaulted on payment worth Rs 125 crore with respect to commercial papers due on 9 July.

IFCI: IFCI Ltd shares declined 3% after credit ratings agency Brickwork downgraded rating on long- term debt instruments NCD/bonds to BBB+ with negative outlook from A- with stable outlook.

Can Fin Homes: Can Fin Homes Ltd shares rose 1% after the company said it will consider raising up to Rs 6,000 crore via debt on 22 July.

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