Performing Stocks with new developments 16 April 2107

Wipro Ltd rose 0.75% to Rs 497.20 at morning hours on BSE after the company announced the opening of an Automotive Engineering Center in Detroit. The company’s consolidated net profit rose 2.04% to Rs 2109.40 crore on 0.93% decline in net sales to Rs 13,764.50 crore in Q3 Dec 2016 year on year.

Beardsell was locked at 5% upper circuit at Rs 440.20 in the morning session on BSE after the company approved 5-for- 1 stock split. The company’s board approved issue of bonus shares of one equity share of face value of Rs 2 each for every 5 existing equity shares of Rs 2 each.

Beardsell’s net profit surged 256.5% to Rs 1.64 crore on 7.6% fall in net sales to Rs 38.24 crore in Q3 December 2016 year on year.

HCL Technologies gained 1.68% to Rs 854 in the morning on BSE after the company scheduled its board meeting on 20 March 2017, to consider, a proposal for buyback of the equity shares of the company.

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