6:00 PM Mumbai – Bharti Airtel divested more than 3,500 telecom towers in Africa. Cipla plans to acquire two manufacturing units from Japan for Rs 100.93 crore. L&T won new orders worth Rs 1,920 crore from domestic oil and gas companies.
The Sensex Index climbed 293.15 or 1.1% to close at 27,319.85 The CNX Nifty jumped 87.05 to 8,173.90.
Gainers & Losers
Bharti Airtel Limited
gained 0.7% to Rs 403.20 after the wireless carrier signed agreement to divest more than 3,500 telecom towers from its African operations to Eaton Towers.
increased 1.1% to Rs 563.40 after the generic drug maker plans to acquire two manufacturing units from Japan-based manufacturer for Rs 100.93 crore.
IRB Infrastructure Developers Ltd
edged up 0.1% to Rs 266.15 after the company secured an order related to Mumbai-Pune Expressway and National Highway-4.
Larsen & Toubro Limited
gained 1.02% to Rs 1,625.70 after the company won new orders worth Rs 1,920 crore from domestic oil and gas companies.
Punj Lloyd Limited
soared 9.9% to Rs 40.60 after the company secured a rapid tank farm order worth Rs 3,515 crore from PRPC Refinery and Cracker, a subsidiary under the PETRONAS group.
Venus Remedies Limited
surged 7.9% to Rs 297.45 after the company’s subsidiary signed an agreement with the U.S. based Mylan for marketing its generic drugs in 3 countries in Europe.
L&T Finance Holdings Limited
advanced 0.9% to Rs 67.40 after net loss in the fourth-quarter widened to Rs 5.58 crore from Rs 1.23 crore a year ago period.
Sales in the quarter plunged 22.7% to Rs8.97 crore.