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Market Update

India Movers: ABB, Apollo, Educomp, IL&FS, TCS, Wipro

Author: Mukesh Buch
Last Update: 9:20 AM ET April 09 2013

6:00 PM Mumbai ABB secured an order worth $30 million in Australia. Apollo Tyres plans set up manufacturing unit in Thailand or Indonesia. IL&FS win road project for nearly $300 million. TCS agreed to acquire France based Alti SA, for 75 million in cash. Wipro declined after splitting non-IT business.

The Sensex Index dropped 211.30 or 1.1% to close at 18,226.48 The CNX Nifty slipped 47.85 to close at 5,495.10.

Gainers & Losers

ABB Limited fell 1.3% to Rs 480 after the company secured order worth $30 million of oil and gas field in the Timor Sea off Western Australia.

Apollo Tyres Ltd slid 0.1% to Rs 83.05 after the company plans to set up a manufacturing unit in Thailand or Indonesia.

Alkali Metals Limited surged 5.8% to Rs 20.20 after the company said net profit for the quarter swung to Rs 3.98 crore from loss of Rs 8.18 crore a year ago.

Educomp Solutions Limited declined 3.5% to Rs 58 after the company sold entire 50% stake of IndiaCan to Pearson Plc. for an undisclosed amount.

Goa Carbon Ltd gained 1.4% to Rs 73.60 after net profit plunged 28% to Rs 5.16 crore compared to Rs 7.17 crore a year earlier.

Hindustan Unilever Limited slipped 1.4% to Rs 471.45 after the after parent Unilever Plc reported weak volume growth in key markets in its annual report released on its web site.

IL&FS Transportation Networks Limited dropped 2.2% to Rs 180.85 after the company won road project from National Highway Authority of India for Rs 1,665 crore.

Shriram Transport Finance Company, Ltd declined 2.6% to Rs 666.30 after the company plans to raise Rs 25,000 crore.

Tata Consultancy Services Limited gained 1.1% to Rs 1,497.30 after the company agreed to acquire France based Alti SA, for 75 million in cash.

Wipro Limited plunged 12.3% to Rs 393.60 after the company separated its non-software businesses into a separate firm.

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