India Movers: Adani, BGR Energy, HUL, MMTC, SJVN, Thermax

Mukesh Buch
05 Jul, 2013
New York City

Adani Group withdrew from Indonesian railway project worth $1.65 billion. Unilever launched its offer to increase its stake in HUL to 67.3% valued

[R]6:00 PM Mumbai – Adani Group withdrew from Indonesian railway project worth $1.65 billion. Unilever launched its offer to increase its stake in HUL to 67.3% valued €2.45 billion. MMTC dropped after the government divested at a discount. Thermax won order for $300 million.[/R]

The Sensex Index rose 84.98 or 0.4% to close at 19,495.82 The CNX Nifty added 30.95 to close at 5,867.90. For the week, Sensex gained 0.5%.

Gainers & Losers

Adani Enterprises Limited fell 0.8% to Rs 203.80 after the Adani Group has withdrawn from Indonesian railway project worth $1.65 billion.

BGR Energy Systems Limited slumped 3% to Rs 123.05 after the promoter will sell 21.75 lakh shares representing 3% stake by tomorrow at a minimum price of Rs 118 a share.

Firstsource Solutions Limited climbed 7.8% to Rs 12.50 after a leading investor Rakesh Jhunjhunwala acquired nearly 4% stake in BPO service provider on July 4.

Gitanjali Gems Limited dropped 4.9% to Rs 183.15 and earlier in the week in regulatory filling the company said Macquarie Finance (India) Private Limited acquired 5.43% stake in the company valued Rs 106 crore at the current market price.

Hindustan Unilever Limited increased 1.4% to Rs 609.15 after the parent company offered to buy 319.7 million shares at an offer price of Rs 600 per share valued €2.45 billion to increase its stake to 67.3%.

ITC Limited rose 1.1% to Rs 342.10 after the company raised the price of its one of its cigarettes product.

MMTC Limited declined 4.9% to Rs 79.75 after the government divested 93.31 million shares or 9.33% stake at an average price of Rs 61.33 per share at a huge discount.

Northern Trust Investments National Association, offloaded its 73.34 lakh shares of Satyam Computer Services for above Rs 84 crore.

SJVN Limited jumped 3.3% to Rs 20.05 after the hydroelectric power generator agreed to acquire Buxar Bijlee Company of Bihar.

Thermax Limited soared 5.6% to Rs 625 after it won order for from a leading petrochemical company for the manufacture and commission high pressure boilers worth Rs.1,700 crore.