D-Street Newsmakers: Avenue Supermarts, CAMS, Tata Technologies among 10 stocks that hogged limelight on Tuesday

Domestic equity benchmarks halted a three-day winning run on Tuesday amid selling pressure in IT and financial stocks, though buying interest in auto counters limited the downside.

The Sensex ended 110.6 points, or 0.2 per cent, lower at 73,903.9 while the Nifty50 settled at 22,453.3, down 8.7 points from its previous close. Broader markets continued to log their outperformance over headline indices, with the Nifty Midcap 100 and the Nifty Smallcap 100 rising 1.2 per cent each. 

Here are 10 stocks that remained in focus on Tuesday:

Sobha Ltd:

The real estate stock ended more than one per cent higher at Rs 1,569.5 after a wholly-owned subsidiary of the company entered into a share purchase agreement with BNB Builders.

CAMS:

Computer Age Management Services shares surged nearly seven per cent to Rs 3,188.1 after the company said its subsidiary, CAMSREP, would issue insurance policies in an electronic form.

Avenue Supermarts (DMart):

The stock declined more than one per cent to Rs 4,417.3 after CLSA maintained a 'buy' rating on the supermarket chain operator with a revised target price of Rs 5,514 per share instead of the Rs 5,307 per share earlier.

Aditya Birla Fashion:

Shares of the specialty retail entity soared 12 per cent to end at Rs 236.2 apiece.

Tata Technologies:

Shares of the Tata group company ended over four per cent higher at Rs 1,092.1 after the company said it would form a joint venture with BMW to develop auto software.

Mankind Pharma:

The pharma stock rose four per cent to Rs 2,396.8 after the drug maker’s board approved selling its over-the- counter (OTC) business to a wholly-owned subsidiary.

JK Cement:

Shares of the cement manufacturer ended 1.5 per cent higher at Rs 4,350 after the company approved a raise in the borrowing limit to Rs 12,000 crore.

HG Infra:

Shares of the civil construction firm rose seven per cent to Rs 1,060.3 after the company bagged solar projects worth Rs 156 crore.

Aditya Birla Capital:

The stock surged 10 per cent to end at Rs 201.1 after Macquarie initiated coverage on the financial services company with a ‘buy’ rating and a target price of Rs 230. 

Aeroflex Industries:

The stock ended more than three per cent higher at Rs 135 after the company fully acquired Hyd-Air Engineering.

Catch all the highlights of the April 2 session here. For all other news related to business, politics, tech and auto, visit Zeebiz.com.