India Movers: Bajaj, Jaiprakash, L&T, NMDC, Reliance Industries

Mukesh Buch
22 Aug, 2013
New York City

Bajaj Corp agreed to acquire Nomarks from Ozone Ayurvedics. Ind-Swift net loss narrowed. Jaiprakash Associates plans to sell a stake in its cement unit to UltraTech Cement. L&T secured orders valued Rs. 1,504 crore. Reliance finalizes terms for $1.75 billion foreign loans.

[R]6:00 PM Mumbai – Bajaj Corp agreed to acquire Nomarks from Ozone Ayurvedics. Ind-Swift net loss narrowed. Jaiprakash Associates plans to sell a stake in its cement unit to UltraTech Cement. L&T secured orders valued Rs. 1,504 crore. Reliance finalizes terms for $1.75 billion foreign loans.[/R]

The Sensex Index climbed 407.03 or 2.3% to close at 18,312.94 The CNX Nifty jumped 105.90 or 2% to close at 5,408.45.

Gainers & Losers

Arshiya Limited declined 4.6% to Rs 13.02 after the logistics and infrastructure reported net in the first quarter swung to a loss Rs 52.14 crore compared to a profit of Rs 9.19 crore a year earlier.

Sales for the quarter declined 49.17% to Rs 92.33 crore.

Bajaj Corp Limited jumped 3.2% to Rs 240 after the company agreed to acquire anti-marks skin care Nomarks brands from Ozone Ayurvedics for an undisclosed amount.

Ind-Swift Limited rose 0.4% to Rs 5.19 after the pharmaceutical company reported net loss in the first quarter narrowed to Rs 41.99 crore compared to Rs 62.90 crore.

Revenue in the quarter tumbled 64.6% to Rs 139.17 crore.

Jaiprakash Associates Limited surged 9.7% to Rs 33.30 after the company plans to sell stake in its cement unit in Gujarat to UltraTech Cement.

Larsen & Toubro Limited gained 2.4% to Rs 725.40 after its construction division secured orders valued Rs 1,504 crore.

NMDC Limited soared 7% to Rs 117.10 after the iron ore miner signed agreement with IL&FS Energy Development Company to set up coal power plant in Uttar Pradesh worth Rs 3,000 crore.

Reliance Industries Limited gained 2.8% to Rs 805.85 and the oil and retail conglomerate finalizes terms with a consortium of 19 banks to raise $1.75 billion in foreign term loans.

Uttam Sugar Mills Limited climbed 3.3% to Rs 13 after the company reported net loss in the first quarter widened to Rs 18.88 crore from Rs 1.42 crore a year ago.

Revenue in the quarter surged 19.8% to Rs 189.61 crore.

YES Bank, Ltd plunged 5% to Rs 242.70 and the company acquired 0.86% stake or 31 lakh shares from T Rowe Price New Asia Fund for Rs 81.50 crore.

At the end of June quarter, T.Rowe held 1.56 % stake in the company.