Selloff in global stocks and continued pressure on the rupee, which hit a new low today, also led the selling.
Here are 10 buzzing stocks in trade today.
1) Kingfisher Airlines: Shares in the cash-strapped domestic carrier fell more than 4% to a record low, a day after saying net loss more than trebled in the January-March quarter because of higher fuel prices and a weaker rupee. Kingfisher lost Rs 1,150 crore in the fiscal fourth quarter, compared to a loss of Rs 360 crore a year ago.
2) SpiceJet: Shares in the domestic carrier slumped 10% after the company posted losses for the 5th straight quarter. The company reported a loss of Rs.249.2 crore against Rs.58.6 crore year-on-year.
3) Hindalco: Shares in the aluminum maker traded with 4% gains after a ministerial panel reportedly recommended conditional approval to start production from the Mahan coal mines in Madhya Pradesh.
4) Reliance Power: A Group of Ministers has given the green signal for Reliance Power's Chhatrasal coal block, sources said. The Anil Ambani - promoted company was allotted Chhatrasal mine for its 4,000-MW ultra-mega power project at Sasan.
5) Suzlon: The wind energy major traded with over 4% cut. The stock will be deleted from the MSCI index.
6) Tata Motors: The stock extended losses for the third day. JLR margins have disappointed in the March quarter. Many brokerages have cut their target price on the stock.
7) DLF: Shares in the realty major traded lower on the back of weak March quarter earnings. PAT fell 39% at Rs 211.7 crore against Rs 345 crore year-on-year. EBITDA margins grew at 33.8% against 49% quarter-on-quarter.
8) Jaiprakash Associates: Shares traded in the green EBITDA margins grew at 25.1% against 21.3% in the March quarter. However, net profit declined 7% at Rs. 283.8 crore against Rs. 303.6 crore.
9) Dhanlaxmi Bank: Shares traded 5% lower after the lender posted a loss of Rs 86.51 crore in the March quarter against a profit of Rs 11.15 crore.
10) Aban Offshore: Brokerage firm Macquarie has downgraded the stock to underperform saying managing high debt repayments and interest cost will be very tough for the company.