India Movers: CMC, Crompton Greaves, Dena Bank, L&T, Talwalkars

Mukesh Buch
27 Mar, 2014
New York City

CMC won a legal case against Kuwait Stock Exchange. Gautam Thapar plans to sell its 42.7% stake Crompton Greaves worth $3 billion. FIEM purchased 7.65 acre land to set-up a new factory in Gujarat. L&T

[R]6:00 PM Mumbai – CMC won a legal case against Kuwait Stock Exchange. Gautam Thapar plans to sell its 42.7% stake Crompton Greaves worth $3 billion. FIEM purchased 7.65 acre land to set-up a new factory in Gujarat. L&T’s construction unit won new orders worth Rs 1,981 crore in March.[/R]

The Sensex Index gained 40.09 or 0.2% to close at 22,095.30. The CNX Nifty rose 11.65 to close at 6,601.40.

Gainers & Losers

CMC Limited slipped 1.6% to Rs 1,379.85 after the company said it has won a legal case against Kuwait Stock Exchange.

Crompton Greaves Limited rose 0.4% to Rs 160.45 after the company’s chairman Gautam Thapar will sell its stake of 42.7% in the company worth $3 billion.

Dena Bank gained 1.3% to Rs 58.10 after the bank allotted 6.90 crore shares at Rs 52.91 per share to Life Insurance Corp of India and GIC of India on preferential allotment basis.

FIEM Industries Limited fell 1% to Rs 405 after the company purchased 7.65 acre land for a new factory near Ahmedabad, Gujarat.

Larsen & Toubro Limited increased 0.6% to Rs 1,283.35 after the company’s construction unit won new orders worth Rs 1,981 crore in March.

Reliance Industries Limited jumped 1.3% to Rs 902.15 after the company won two exploration blocks in Myanmar.

Talwalkars Better Value Fitness Ltd surged 8.7% to Rs 173.50 after the report UK-based health and fitness group David Llyod is planning to take 20% stake in the company.