India Movers: Jet Air, L&T, RCom, Siemens, Venus Remedies

Mukesh Buch
18 Jun, 2013
New York City

L&T is bidding for defense contracts of $1.4 billion. RCom surged after new national roaming regulations. VA Tech Wabag secured order worth Rs 262 crore from Nepal.

[R]6:00 PM Mumbai – L&T is bidding for defense contracts of $1.4 billion. RCom surged after new national roaming regulations. VA Tech Wabag secured order worth Rs 262 crore from Nepal.[/R]

The Sensex Index slipped 102.59 or 0.5% to close at 19,223.28 The CNX Nifty dropped 36.45 to close at 5,813.60.

Gainers & Losers

Jet Airways (India) Limited rose 0.4% to Rs 478.25 after the airline entered into code share agreements with Air France KLM.

Larsen & Toubro Limited fell 1.6% to Rs 1,432 and the company said it is bidding for defense contracts worth $1.4 billion or Rs 8,000 crore.

The engineering company also plans to bid for hydrocarbon projects outside the India.

Mahindra & Mahindra Limited slipped 0.5% to Rs 984 after its South Korea based unit Ssangyong Motor Company sales climbed 25% to 12,730 vehicles in May.

Reliance Communications Limited surged 11.1% to Rs 123.70 on the new national roaming regulations that permits telecom carriers to charge for national roaming.

Siemens Limited slid 0.7% to Rs 547.90 after the technology company won an order worth Rs 66 crores from National Thermal Power Corporation Limited for the renovation of Korba Stage-II plant in Chhattisgarh.

Venus Remedies Limited jumped 2.7 to Rs 281.45 after its Potentox received a patent in Mexico valid till 2025.

VA Tech Wabag Ltd climbed 3.4% to Rs 455.55 after the company in partnership with Pratibha Industries secured order worth Rs 262 crore from Melamchi Water Supply Development Board, Nepal.