India Movers: Alstom T&D, Eros, Nestle, Suzlon Energy

Mukesh Buch
28 Nov, 2013
New York City

Alstom T&D plan to rise up to Rs 294 crore from a secondary offering. Eros Intl jumped after Singapore-based Temasek Holdings acquired a stake. Nestle India denied media report that its parent plans to increase stake. Suzlon Energy signed contract with Mitsui Australia for 52 wind turbines.

[R]6:00 PM Mumbai – Alstom T&D plan to rise up to Rs 294 crore from a secondary offering. Eros Intl jumped after Singapore-based Temasek Holdings acquired a stake. Nestle India denied media report that its parent plans to increase stake. Suzlon Energy signed contract with Mitsui Australia for 52 wind turbines.[/R]

The Sensex Index increased 114.65 or 0.6% to close at 20,534.91. The CNX Nifty jumped 34.75 to close at 6,091.85.

Gainers & Losers

Alstom T&D India Limited climbed 5.6% to Rs 174.70 after the company plans to raise up to Rs 294 crore through an institutional stock offering on November 29.

Bank of Baroda rose 0.3% to Rs 614.85 after the bank said its board will meet on December 3 to consider issue of equity shares up to Rs 550 crore to the Government of India on preferential allotment.

Dr. Reddy''s Laboratories Limited gained 1.2% to Rs 2,455.95 after the rival Wockhardt received an import ban on a key competing drug from U.S. regulators

Eros International Media Limited jumped 4.6% to Rs 169.15 after the Singapore-based Temasek Holdings Pte, bought a stake in Indian film distributor to gain a foothold in the Indian movie industry.

Nestle India Limited plunged 4.2% to Rs 5,218.65 after the company denied any plans by its parent to increase its stake in the Indian unit. Nestle S.A. holds 34.28% stake in Nestle India while Maggi Enterprises Ltd holds 28.48%

Suzlon Energy Limited surged 8.8% to Rs 9.93 after the subsidiary REpower Systems SE signed a contract with Mitsui & Co (Australia) to deliver 52 wind turbines with a total output of 106.6 megawatts.

Tata Sons Limited withdrew its application for an Indian banking licence.

Tata Consultancy Services Limited fell 0.02% to Rs 1,984.50 after the secured order from Hungary based central securities depository Keler Ltd. The company will set up the infrastructure for its technology for T2S settlement.