NEW DELHI: Shares of Uflex (up 15.30 per cent) and Shriram EPC (up 14.61 per cent) surged up to 15 per cent on NSE during morning trade on Tuesday, defying bearish market sentiment.Packaging company Uflex has reported a decline of 27.55 per cent in consolidated net profit at Rs 71.13 crore for the fourth quarter ended March 2018 due to increased depreciation cost, PTI reported.
Shares of Ruchi Soya Industries (up 7.02 per cent), JHS Svendgaard Laboratories (up 6.57 per cent), Lanco Infratech (up 5.88 per cent), NIIT (up 5.87 per cent), NACL Industries (up 5.51 per cent), Plastiblends India (up 5.33 per cent), Binani Industries (up 5.32 per cent), Arcotech (up 5.16 per cent), Radico Khaitan (up 5.12 per cent) and Hindustan Copper (up 5.05 per cent) jumped over 5 per cent.Market was cautious due to profit-taking amid weak Asian cues as uncertainty over the US-North Korea summit and a political crisis in Italy dealt a blow to sentiment.Auto and IT stocks were witnessing buying interest, while bank, financial and pharma stocks were suffering under selling pressure.
The NSE Nifty index was trading 4 points down at 10,685, while the BSE Sensex was down 4 points at 35,161 around 10 am.Among the 50 stocks in the Nifty50 pack, 23 were trading in the green, while 27 were in the red.
Larsen Toubro, GAIL and Lupin were trading among the top gainers in the Nifty index.On the other hand, Vedanta, Bharti Infratel and UPL were among the top losers in the Nifty pack of stocks.