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Market Update

India Movers: Aditya Birla Nuvo, BHEL, Idea, MMTC, TVS, RCom

Author: Mukesh Buch
Last Update: 9:02 AM ET April 08 2013

6:00 PM Mumbai Aditya Birla Nuvo divested its carbon black business. BHEL secured total orders worth more than $5 billion in fiscal 2013. The telecom regulator fined Idea for $56 million. RCom plan to sell 80% stake in Reliance Globalcom.

The Sensex Index slid 12.45 to close at 18,437.78 The CNX Nifty fell 10.30 to close at 5,542.95.

For the week Sensex declined 2.1%.

Gainers & Losers

Aditya Birla Nuvo Limited dropped 3% to Rs 933.50 after the company divested its carbon black business to SKI Carbon Black (India) Pvt Ltd for Rs 1,451 crore.

Diamond Power Infrastructure Limited rose 0.6% to Rs 81.65 after the company secured order worth Rs 175 crore.

Bharat Heavy Electricals Limited climbed 2.6% to Rs 182.35 after the company secured total orders during the fiscal 2013 worth Rs 31,528 crore.

Idea Cellular Limited gained 2.2% to Rs 105.50 after the department of telecom banned offering 3G services outside the licensed zones and fined Rs 300 crore.

JSW Steel Limited rose 0.9% to Rs 681.30 after the company said crude steel output in fiscal 2013 climbed 15%.

MMTC Limited fell 0.4% to Rs 232.40 after the company said sales climbed Rs 15,000 crore in gold jewelry and the turnover of Rs 35,000 crore in fiscal 2013.

Reliance Communications Limited jumped 4.5% to Rs 65.85 after the company plans to sell 80% stake in Reliance Globalcom, the deal valued nearly Rs. 6,000 crore.

Ramco Systems Limited declined 4.6% to Rs 104 after the company signed ten aviation deals in fiscal 2013 including Emirates, GoAir, Air Tahiti, Caribbean Airlines, Hevilift.

TVS Motor Company Limited surged 6.2% to Rs 38.50 on rumors that the company may enter a venture with Germany based motorcycle maker BMW.

V-Guard Industries Limited climbed 3.9% to Rs 454.65 after company said net turnover surged 40% to Rs 1,350 crore in the year ended March.

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