India Movers: Aditya Birla Nuvo, BHEL, Idea, MMTC, TVS, RCom

Mukesh Buch
08 Apr, 2013
New York City

Aditya Birla Nuvo divested its carbon black business. BHEL secured total orders worth more than $5 billion in fiscal 2013. The telecom regulator fined Idea for $56 million. RCom plan to sell 80% stake in Reliance Globalcom.

[R]6:00 PM Mumbai – Aditya Birla Nuvo divested its carbon black business. BHEL secured total orders worth more than $5 billion in fiscal 2013. The telecom regulator fined Idea for $56 million. RCom plan to sell 80% stake in Reliance Globalcom.[/R]

The Sensex Index slid 12.45 to close at 18,437.78 The CNX Nifty fell 10.30 to close at 5,542.95.

For the week Sensex declined 2.1%.

Gainers & Losers

Aditya Birla Nuvo Limited dropped 3% to Rs 933.50 after the company divested its carbon black business to SKI Carbon Black (India) Pvt Ltd for Rs 1,451 crore.

Diamond Power Infrastructure Limited rose 0.6% to Rs 81.65 after the company secured order worth Rs 175 crore.

Bharat Heavy Electricals Limited climbed 2.6% to Rs 182.35 after the company secured total orders during the fiscal 2013 worth Rs 31,528 crore.

Idea Cellular Limited gained 2.2% to Rs 105.50 after the department of telecom banned offering 3G services outside the licensed zones and fined Rs 300 crore.

JSW Steel Limited rose 0.9% to Rs 681.30 after the company said crude steel output in fiscal 2013 climbed 15%.

MMTC Limited fell 0.4% to Rs 232.40 after the company said sales climbed Rs 15,000 crore in gold jewelry and the turnover of Rs 35,000 crore in fiscal 2013.

Reliance Communications Limited jumped 4.5% to Rs 65.85 after the company plans to sell 80% stake in Reliance Globalcom, the deal valued nearly Rs. 6,000 crore.

Ramco Systems Limited declined 4.6% to Rs 104 after the company signed ten aviation deals in fiscal 2013 including Emirates, GoAir, Air Tahiti, Caribbean Airlines, Hevilift.

TVS Motor Company Limited surged 6.2% to Rs 38.50 on rumors that the company may enter a venture with Germany based motorcycle maker BMW.

V-Guard Industries Limited climbed 3.9% to Rs 454.65 after company said net turnover surged 40% to Rs 1,350 crore in the year ended March.