6:00 PM Mumbai – Godrej Properties develop a new project in Vikhroli with Boyce. HMT gained after government approved revival plans. Indian Oil will invest about Rs 3,150 crore to set up a polypropylene unit in Paradip and Kuwait Petroleum may take a stake.
The Sensex Index slipped 108.41 or 0.5% to close at 21,826.42. The CNX Nifty fell 25.35 to close at 6,511.90.
Gainers & Losers
Autoline Industries Ltd
jumped 4.5% to Rs 72.70 ahead of the board meeting today to discuss ways to raise capital.
Godrej Properties Limited
climbed 4.7% to Rs 178.90 after the company plans to develop a new project in Vikhroli through an agreement with Boyce.
gained 1.7% to Rs 30.25 after the government approved the company’s restructuring plan.
Indian Oil Corporation Limited
grew 0.4% to Rs 269.45 after the company plans to invest about Rs 3,150 crore for setting up a polypropylene unit in Paradip.
Separately, Kuwait Petroleum Corp is in talks to acquire stake in the state-owned firm''s Rs. 29,777-crore Paradip refinery and a proposed petrochemical complex.
IndusInd Bank Limited
rose 0.7% to Rs 472.55 after the Hinduja Group Ltd today sold 4,70,000 shares to Hinduja Ventures for Rs 21.15 crore.
Petron Engineering Construction Ltd
surged 20% to Rs 128.80 after the company received contract worth Rs 54.70 crore from UltraTech Cement.
Prime Focus Limited
increased 1.4% to Rs 28.40 after the motion picture producer agreed to acquire U.S.-based DAX LLC, a cloud-based production and media applications provider for Rs 56 crore or $9.1 million.