6:00 PM Mumbai Ė BHEL secured contract worth Rs 1,300 crore from NTPC. FT India sold its stake in ICE Singapore Holdings for $150 million. NTPC terminated its Rs 700 crore contract with the Italy-based company. Power Gridís $1.2 billion offering is likely to open on December 3.
The Sensex Index gained 40.08 or 0.2% to close at 20,890.82. The CNX Nifty rose 14.35 to close at 6,203.35.
Gainers & Losers
Ansal Properties & Infrastructure Ltd
jumped 4.9% to Rs 22.65 after net profit in the second-quarter surged to Rs 32.43 crore and sales climbed 34.9% to Rs 444.34 crore.
Bharat Heavy Electricals Limited
rose 0.8% to Rs 141 after the company secured contract worth Rs 1,300 crore from NTPC.
Financial Technologies (India) Limited
added 2.1% to Rs 185.05 after the companyís Singapore based subsidiary sold its stake in SMX to ICE Singapore Holdings for $150 million.
IPCA Laboratories Limited
slid 0.04% to Rs 682.75 and the company agreed to acquire 50% stake of Avik Pharmaceutical for Rs 6.51 crore.
Jet Airways (India) Limited
jumped 3.3% to Rs 320.55 and the airline is expected to finalize 24% preferential stake sale to Abu Dhabi-based Etihad for about Rs 2,058 crore.
On April 24, Etihad Airways acquired 24% stake in Jet Airways and invested $379 million.
Tail Winds, investment vehicle used by Jet Airways founder Naresh Goyal sold 7.89% stake for more than Rs 211 crore in open market. The average price for sale was Rs 310.15 a share.
After the transaction, Tail Winds will hold 51% stake in the airline and Etihad will control 24% and public shareholders will have 25%.
The airline said its net loss in the second-quarter widened to Rs 891.01 crore compared to Rs 99.67 crore in a quarter a year ago. Revenues grew 1.7% to Rs 4,267.77 crore.
slid 0.4% to Rs 155 after the company terminated its Rs. 700 crore turbine contract with Italy-based Ansaldo for its plant in Uttar Pradesh.
Power Grid Corporation of India Limited
slipped 1.1% to Rs 94.95 and the companyís $1.2 billion offering is expected to open on December 3.
Sadbhav Engineering Limited
gained 1.6% to Rs 73.20 after the company was declared as a successful bidder by Delhi Metro Rail Corporation for a contract valued Rs 50.96 crore.
Suven Life Sciences Limited
soared 8.2% to Rs 73.35 after net profit in the second-quarter soared to Rs 45.55 crore and net sales surged to Rs 151.41 crore.