Explained 5 stock movements today
Cipla shined after robust Q2 results: Stock gained 4.18 percent after profitability jumped 90 percent to Rs 500 crore on yearly basis.
Nectar Lifesciences rocked on stake sale buzz: Share rallied 4.41 percent after reports suggested that Daiichi Sankyo might acquire stake in the company through its subsidiary, Ranbaxy at premium valuations.
Amara Raja Batteries galloped on strong results: Counter soared over 15 percent after net profit increased by 35 percent to Rs 70.1 crore on yearly basis.
United Spirits edged higher on stake sale news: Scrip gained 2 percent after news reports stated that Diageo is set to pick up to a 51 percent stake in USL this week .
LT Foods rallied after reporting stellar numbers: Stock gained 3 percent after company reported profits of Rs 14.4 crore as against a loss of Rs 24.1 crore in the corresponding quarter last year.