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Market Update

India Movers: Autoline, Alstom, Glaxo, PNB, RCom, TCS, UPL

Author: Mukesh Buch
Last Update: 9:43 AM ET March 05 2014

6:00 PM Mumbai – Autoline Industries is looking to sell its U.S. subsidiary. Alstom won contract worth € 85 million from BHEL. Glaxo plunged ahead of closure of acquisition offer today. PNB sold its entire stake of CIB India to TransUnion Intl. UPL increased its stake in Brazilian firm.

The Sensex Index gained 67.13 or 0.3% to close at 21,276.86. The CNX Nifty rose 30.70 to close at 6,328.65.

Gainers & Losers

Autoline Industries Ltd surged 7.7% to Rs 69.65 after the board scheduled a meeting on March 11 to raise capital and also look for ways to sell its U.S. subsidiary.

Alstom India Ltd climbed 6.6% to Rs 349.50 after the power generator maker secured contract worth €85 million by Bharat Heavy Electricals Limited to supply two boilers of 800 megawatt.

GlaxoSmithKline Pharmaceuticals Limited plunged 7.2% to Rs 2,747.85 after the U.K.-based parent’s open offer to acquire additional stake in the Indian company ends today.

Punjab National Bank climbed 4.5% to Rs 591.50 after the bank sold its entire stake in Credit Information Bureau India to TransUnion International Inc.

Reliance Communications Ltd fell 0.6% to Rs 110.85 after the Bharti Infratel entered into a tower sharing pact with Reliance Industries.

Tata Consultancy Services Limited rose 0.3% to Rs 2,249.90 after the company singed partnership with Microsoft Business Solutions to develop online versions of Microsoft Dynamics Customer Relationship Management.

UPL Limited jumped 2.6% to Rs 187.20 after the company increased its stake in Brazilian firm UPL do Brasil from 51% to 73%.

UPL''s net profit in the third-quarter surged 28.1% to Rs 222.24 crore and net sales soared 15.5% to Rs 2,604.71 crore.

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