JSPL, ABG Shipyard, Jet Airways among 12 stocks buzzing in trade today

The BSE Sensex opened 91.19 points, or 0.32 per cent, up at 28425.74 on Wednesday, while Nifty opened 37.20 points, or 0.42 per cent, up at 8806.35. On Tuesday, domestic equity markets picked up some pace in the final hours after the MPC in its debut policy review reduced the repo rate by 25 basis points. Sensex settled 91.26 points, or 0.32 per cent, up at 28334.55. Nifty settled 31.05 points, or 0.36 per cent up at 8,769.15.

Below are 12 stocks which are hogging limelight in today’s trade:

ABG Shipyard: ABG Shipyard shares surged over 9 per cent after CNBC TV18 reported that ICICI Bank has acquired 11.08 per cent stake in the company on conversion of compulsory convertible preference shares (CCPS) to equity.

HDFC: HDFC Ltd’s profit on sale of investments decreased by over 60 per cent to Rs 19 crore in the September quarter. The company’s income from dividend for the quarter rose to Rs 456 crore compared with Rs 425 crore a year ago.
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Vedanta: Mining conglomerate Vedanta Ltd expects that Goa will export around 20 million tonnes of iron ore in the current fiscal.

Apollo Hospitals: Healthcare major Apollo Hospitals Enterprise is raising Rs 200 crore through issue of non-convertible debentures (NCDs) on private placement basis.

NBCC: The company secured total business worth Rs 1117 crore in September.

Eastern Treads: The company got business order from Kerala State Road Transport Corporation (KSRTC) to supply 540 mt of tyre retreading materials.

ICICI Bank: Private sector lender ICICI Bank reduced marginal cost of funds-based lending rate by 0.05 per cent to 9.05 per cent.

Jet Airways: Private carrier Jet Airways on Tuesday announced special offers with base fare starting as low as Rs 396 on select domestic routes.

Biocon: According to reports, Biocon will launch new drugs to treat diabetes and cancer.

Bhushan Steel: Debt-laden Bhushan Steel said its shareholders have approved the company’s proposal to raise up to Rs 1,155 crore through issue of redeemable cumulative preference shares.

Mayur Uniquoters: The buyback offer to the shareholder of the company will open on October 5 and will close on October 20. Mayur Uniquoters has plans to buyback up to five lakh fully paid-up equity shares at Rs 500 each.

JSPL: Jindal Steel, or JSPL, on Tuesday announced that the company has executed an agreement with a wholly owned subsidiary of India Infrastructure II for sale of 24 MW wind power generation business undertaking situated at Satara, Maharashtra.