India Movers: Ess Dee, Gujarat Apollo, Sterlite, Tata Motors, Tata Steel

Mukesh Buch
11 Apr, 2013
New York City

Ess Dee plan to sell majority stake to Australian based Amcor. Switzerland based Amrnann Group holds 70% stake in Gujarat Apollo Ind. Luxury division JLR of Tata Motors said global sales jumped 16%. Tata Steel amalgamated its subsidiaries.

[R]6:00 PM Mumbai – Ess Dee plan to sell majority stake to Australian based Amcor. Switzerland based Amrnann Group holds 70% stake in Gujarat Apollo Ind. Luxury division JLR of Tata Motors said global sales jumped 16%. Tata Steel amalgamated its subsidiaries.[/R]

The Sensex Index gained 127.75 or 0.7% to close at 18,542.20 The CNX Nifty rose 35.30 to close at 5,594.

Gainers & Losers

Alkali Metals Limited slumped 2.1% to Rs 20.55 after the company said fourth quarter net swung to Rs 3.98 crore profits from net loss of Rs 8.18 crore a year earlier.

Ess Dee Aluminium Limited surged 15.2% to Rs 468.55 after the company plan to sell its majority stake to Australian based Amcor Limited.

Gujarat Apollo Industries Limited climbed 4.5% to Rs 109.15 after the Switzerland based Amrnann Group holds 70% stake in the company for road construction equipment business.

Reliance Industrial Infrastructure Limited slid 0.2% to Rs 378.95 after net profit climbed 6.9% to Rs 6.67 crore.

Sterlite Technologies Limited surged 5.7% to Rs 25 after the company secured new orders in fourth quarter valued Rs 630 crore.

Tata Motors Limited climbed 3.9% to Rs 278.15 after the company''s British luxury car unit Jaguar Land Rover global sales jumped 16% to a record 53,772 units in March.

Tata Steel Limited dropped 2.2% to Rs 298.70 after the company amalgamated Kalimati Investment Company Limited.

The company merged today its two groups Tata Metaliks Limited and Tata Metaliks Kubota Pipes Limited through a court approval process.

Western India Shipyard Limited soared 4.5% to Rs 3.05 after the company secured orders from Arcadia Shipping Limited and Chowgule & Co Pvt Limited for Rs. 16 crore.