India Movers: Hindustan Construction, Maruti Suzuki, ONGC

Mukesh Buch
07 Dec, 2010
New York City

Stock in Mumbai fell. Hindustan Construction signed two agreements with France based Vinci Construction. Kingfisher Airlines said BPCL file petition to claim jet fuel dues worth $45 million. Maruti Suzuki plans to hike prices from January 1.

[R]6:00 PM Mumbai – Stock in Mumbai fell. Hindustan Construction signed two agreements with France based Vinci Construction. Kingfisher Airlines said BPCL file petition to claim jet fuel dues worth $45 million. Maruti Suzuki plans to hike prices from January 1.[/R]

The BSE Sensex fell 0.2% or 46.67 to close at 19,934.64. The CNX Nifty on the National Stock Exchange decreased 15.70 to close at 5,976.55.

Gainers & Losers

Allahabad Bank plunged 6.7% to Rs 219.30 after the worries about pressure on net interest margin amid rising deposit rates.

Hindustan Construction Company Limited gained 1.8% to Rs 45.75 after the infrastructure company signed two agreements with France's Vinci Construction Grands Projects to jointly work on infrastructure projects in India and other countries.

Jyoti Structures Limited fell 0.1% to Rs 127.00 after the engineering construction board approved investing up to $12 million for setting up manufacturing unit lattice steel towers in United States.

Kingfisher Airlines Limited declined 2.7% to Rs 68.85 after the passenger and cargo service provider said state-run oil marketing firm BPCL will file an execution petition to claim jet fuel payment of Rs 220 crore.

Maruti Suzuki India Limited increased 1.6% to Rs 1,432.40 after the passenger car maker said that rising input costs forced car companies to hike prices from January 1.

Oil and Natural Gas Corporation Limited gained 1.1% to Rs 1,337.70 after the oil explorer said that the government agreed in principle to ensure minimum 10% return on investment to ONGC in Cairn India's Rajasthan blocks.

Piramal Healthcare Limited surged 5.7% to Rs 465.85 after the pharmaceutical company said shareholders approved proposal to buyback 20% of its total number of shares that will cost the company of Rs 2,508.16 crore.

Subex Limited soared 3.4% to Rs 76.95 after the telecom software solution provider won contract for deploying revenue operations centre for fraud management at Africa-focused Atlantique Telecom.

Tulsi Extrusions Limited slumped 4.9% to Rs 32.05 after the plastic pipe manufacturer said it plans to issue global depository receipts up to an aggregate of $15 million.

Uflex Limited tumbled 19.9% to Rs 194.95 after the plastic and metalized film maker company's chief Ashok Chaturvedi sentenced four-year imprisonment in connection with Noida land scam by Central Bureau of Investigation.

Welspun Corp Limited rose 0.6% to Rs 171.55 after the arc welded pipes, hot rolled steel plates and coils maker said it won orders worth Rs 1,670 crore.