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Market Update

India Movers: Central Bank of India, Era Infra, Prism, RCom, Sadbhav Eng


Author: Mukesh Buch
ticker.com
Last Update: 8:22 AM ET March 07 2014

6:00 PM Mumbai – Central Bank of India sold its entire stake in Credit Information Bureau to Transunion. Era Infra Eng won contracts worth Rs 128 crore. Prism Cement surged after commencing coal production. RCom plans to raise capital to fund its expansion plans.

The Sensex Index soared 405.92 or 1.9% to close at 21,919.79. The CNX Nifty jumped 125.50 to close at 6,526.65.

For the week, Sensex climbed 3.8%.

Gainers & Losers

Central Bank of India increased 1.4% to Rs 46.20 and the bank sold its entire stake in Credit Information Bureau of India to Transunion International Inc. for an undisclosed amount.

Era Infra Engineering Limited climbed 4.9% to Rs 13.96 after the won contracts for escalators from Mumbai Railway Vikas Corporation worth Rs 128 crore.

Just Dial Ltd plunged 7.9% to Rs 1,607 after the company’s three officials sold 4,506 shares for approx Rs 76,33,000 in an open market transaction.

Prism Cement Limited surged 6.3% to Rs 30.15 after the company commenced coal production at the Prism Coal Mine in Madhya Pradesh.

Reliance Communications Ltd jumped 3.9% to Rs 118.30 after the company plans to raise debt or equity to fund its expansion plans.

Sadbhav Engineering Limited slid 0.1% to Rs 88.90 after the company secured road contract worth Rs 139.50 crore in Odisa.

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