6:00 PM Mumbai – 3M India offer for sell of equity shares. Manappuram Finance said fourth quarter profits may drop. ONGC sign agreement to set up oil terminal costing to $750 million. SBI allots 12.99 million shares to the government. Government approved 10.8% stake sale of SAIL on March 22.
The Sensex Index slipped 123.91 or 0.6% to close at 18,884.19 The CNX Nifty decreased 51.55 to close at 5,694.40.
Gainers & Losers
3M India Limited
slid 0.6% to Rs 3,420 after the company proposed to sell 113,198 equity shares with par value of Rs.10 each on March 21.
Globus Spirits Limited
soared 4.4% to Rs 109.25 after the board approved allotment of cumulative compulsorily convertible shares and warrants to raise $13 million.
Manappuram Finance, Ltd.
plunged 14.2% to Rs 23.75 after the company said fourth quarter profits may drop on the less than estimated revenue on gold loan portfolios.
Prime Focus, Ltd
slipped 0.5% to Rs 41.50 after the film editing company plans to invest $3 million to expand to new markets in Hong Kong, China, Macau and Taiwan.
Oil and Natural Gas Corporation Limited
dropped 2.8% to Rs 301.15 after signing an agreement for feasibility of liquid gas import terminal set up at Mangalore costing $500 million to $750 million.
The Mysore Paper Mills Limited
rose 0.3% to Rs 4 after the company reported fourth quarter net loss narrowed to Rs 11.57 crore.
Steel Authority of India Limited
fell 0.6% to Rs 65.05 after the government approved sale of 10.8% stake in the company through share auction on March 22.
State Bank of India
declined 3.9% to Rs 2,117.75 after the bank alloted 12.99 million shares to the government and received Rs 3,004 crore.
Sadbhav Engineering Limited
slipped 1.6% to Rs 114 after the company won road construction projects worth Rs 382 crore from National Highways Authority of India.
V Mart Retail Limited
dropped 3.6% to Rs 170.65 after net profit in the fourth quarter surged 52.6% to Rs 10.30 crore.