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Market Update

Apollo Tyres Invest €475 M in Hungary, L&T Wins Contract in Oman

Author: Mukesh Buch
Last Update: 9:36 AM ET September 18 2014

6:00 PM Mumbai – Apollo Tyres plans to invest up to €475 million in Hungary. BHEL secured contract for Rs 3,536 crore from Gujarat State Electricity Corp. L&T won an order to construct an airbase in Oman.

The Sensex Index climbed 480.92 or 1.8% to close at 27,112.21 The CNX Nifty jumped 139.25 or 1.7% to 8,114.75.

Gainers & Losers

Apollo Tyres Ltd gained 1.8% to Rs 205 after the company selected Hungary for an investment of up to €475 million to set up a green-field facility in Eastern Europe.

Separately, the company''s board approved to set up the facility for total capacity of 5.5 million passenger car and light truck tires.

Bharat Heavy Electricals Limited jumped 3.5% to Rs 228.45 after the company secured contract for Rs 3,536 crore from Gujarat State Electricity Corporation for thermal power project in Gujarat.

Larsen & Toubro Limited jumped 3.6% to Rs 1,574.90 after the company won order to construct an airbase from the ministry of defence in Oman.

Parsvnath Developers Limited climbed 4.2% to Rs 23.70 after the company transferred its development rights in a Gurgaon-based township project to Supertech.

Sutlej textiles and industries limited surged 6.4% to Rs 410.50 after the company expand manufacturing capacity of home textiles with a capital investment of Rs 88.50 crore.

Thomas Cook (India) Limited increased 1.8% to Rs 148.20 after the company’s subsidiary IKYA Group signed an agreement to acquire Canada-based BrainhunterCompanies for an undisclosed price.

Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc