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Market Update

L&T, Bajaj and Gayatri Win Orders, Titan Selects Coimbatore for New Plant


Author: Mukesh Buch
ticker.com
Last Update: 9:49 AM ET September 12 2014

6:00 PM Mumbai Bajaj Electricals won eight new orders totaling Rs 518 crore from Madhya Pradesh government. Gravita India won export order worth Rs 230 crore Gayatri Projects received Rs 159 crore order from NHAI. L&T secured an order worth Rs 1,885 crore from NTPC.

The Sensex Index gained 65.17 or 0.2% to close at 27,061.04 The CNX Nifty rose 19.80 to 8,105.50. For the week, Sensex edged up 0.1%

Gainers & Losers

Bajaj Electricals Ltd fell 0.5% to Rs 277.30 after the household appliances maker won eight new orders for Rs.518.46 crore for Rural Electrification work in Madhya Pradesh.

Gravita India Limited surged 7.9% to Rs 89.35 after the company won export order worth Rs 230 crore from a metal trader for Asian and the U.S. markets.

Gayatri Projects Limited climbed 5.8% to Rs 171.40 after the construction company received new order from National Highways Authority of India of Rs 159 crore.

Larsen & Toubro Limited slipped 1.1% to Rs 1,578.85 after the company secured order worth Rs 1,885 crore from NTPC.

Ingersoll-Rand (India) Limited surged 10.7% to Rs 768.10 after the company plans to invest Rs 100 crore to upgrade its manufacturing facility in Ahmedabad.

Titan Company Limited gained 1.4% to Rs 387.25 after the company commissioned stainless steel case plant for its watch division in Coimbatore, Tamil Nadu.

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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