India Movers: Apollo Hospitals, Coal India, HCL, IPCA Lab, ONGC

Mukesh Buch
05 Sep, 2013
New York City

KKR led consortium is poised to invest as much as Rs 600 crore in Apollo Hospitals. Coal India signed supply contract with sixteen power projects. HCL secured contract from U.S.-based Direct Energy. ONGC endure to raise debt of $2.64 billion deal with Anadarko.

[R]6:00 PM Mumbai – KKR led consortium is poised to invest as much as Rs 600 crore in Apollo Hospitals. Coal India signed supply contract with sixteen power projects. HCL secured contract from U.S.-based Direct Energy. ONGC endure to raise debt of $2.64 billion deal with Anadarko.[/R]

The Sensex Index climbed 412.21 or 2.2% to close at 18,979.76 The CNX Nifty jumped 144.85 or 2.7% to close at 5,592.95.

Gainers & Losers

Apollo Hospitals Enterprise, Ltd. slid 0.4% to Rs 848.55 after the consortium lead by Kohlberg Kravis Roberts is closed to a deal which could invest as much as Rs 600 crore.

Apollo Tyres Ltd rose 0.2% to Rs 65.10 and Swiss Finance Corporation (Mauritius) buys 5.53 million shares for Rs 36 crore.

Coal India Limited climbed 7% to Rs 283.45 and the state controlled coal miner signed agreements to supply coal to sixteen private power projects worth Rs 84,500 crore with a generation capacity of over 14,000 mega watts

HCL Technologies Limited dropped 2.2% to Rs 1,016.95 and the secured contract from Direct Energy, a North American energy services firm, to implement and manage residential billing and customer care operations.

IPCA Laboratories Limited increased 1.6% to Rs 711 after the U.S. Food and Drug administration found acceptable in its oral solid dosage formulations manufacturing facility located in Madhya Pradesh.

Jet Airways (India) Limited fell 0.2% to Rs 327.75 after the airline increased fares by 25% and passed on the recent surge in oil prices.

Mahindra & Mahindra Limited slipped 0.4% to Rs 776.70 after the automobile company plans to invest Rs 10,000 crore in the next three years to launch new vehicles.

Oil and Natural Gas Corporation Limited surged 5.1% to Rs 269.80 and the subsidiary ONGC Videsh Ltd is finding it difficult to raise debt to fund $2.64 billion deal to acquire 10% stake in Anadarko Petroleum’s oil field in in Mozambique.

Separately, the company and Shell India are in talks with Nagarjuna Oil Corporation for a strategic stake in Cuddalore refinery valued 25,000 crore.

Sadbhav Engineering Limited gained 1.5% to Rs 55.10 after the company’s subsidiary received order of Rs 632.90 crore linked to a road project in Ahmedabad.

Tata Consultancy Services Limited dropped 3.4% to Rs 1,996.40 after it won multi-million dollar project from Macau based telecom service provider CTM for deploying rating and billing system.