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Market Update

India Movers: D.B. Corp, Man Ind, Piramal, Sesa Sterlite, Suven Life, SBI

Author: Mukesh Buch
Last Update: 8:36 AM ET April 10 2014

6:00 PM Mumbai Man Industries built up order book of around Rs 1,200 crore. Piramal divest its entire stake in Vodafone India for Rs.8,900 crore. Sesa Sterlite gained after production update.

The Sensex Index gained 12.99 to close at 22,715.33. The CNX Nifty edged up 0.20 to close at 6,796.40.

Gainers & Losers

D.B. Corp Limited rose 0.2% to Rs 291.55 after HDFC Mutual Fund bought 0.54% stake in the company on yesterday.

Man Industries (India) Limited surged 7.9% to Rs 70.20 after the company has an order book of around Rs 1,200 crore, including recently received orders worth Rs 700 crore from domestic and international customers.

Piramal Enterprises Ltd jumped 3.7% to Rs 556.15 after the company agreed to divest its entire equity stake of 11% in Vodafone India Limited to Prime Metals Ltd an indirect subsidiary of Vodafone Group Plc for a total consideration of Rs.8,900 crore.

Sesa Sterlite Ltd gained 0.3% to Rs 198.30 after the company announced its production results for the fourth-quarter and year ending in March.

The mining company said mined metal production for the year was marginally higher to 880,000 tons from a year ago and refined zinc production climbed to 10,000 tons compared to third-quarter.

Average gross production for the oil and gas in the year jumped 6% to 218,651 barrels of oil equivalent per day from a year earlier.

Suven Life Sciences Ltd. increased 2.8% to Rs 77.45 after the company said it had secured two product patents for their New Chemical Entities in Canada and Hong Kong.

State Bank of India jumped 2.1% to Rs 2,026.85 after the bank is set to raise $750 million to $1 billion through bond sales.

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