6:00 PM Mumbai – L&T won contract of Rs 2,442 crore from Bharat Sanchar Nigam. Maruti Suzuki June sales surged 33.5%. M&M tractor June sales climbed 8%. Punj Lloyd won a contract worth $200 million in Kuwait. Sterlite secured defense contracts worth Rs 2,500 crore from BSNL.
The Sensex Index gained 102.57 or 0.4% to close at 25,516.35 The CNX Nifty rose 23.35 to 7,634.70.
Gainers & Losers
Larsen & Toubro Limited
gained 1.4% to Rs 1,725.35 after the company’s construction division won a contract of Rs 2,442 crore from Bharat Sanchar Nigam.
Maruti Suzuki India Ltd
surged 6% to Rs 2,584.85 after vehicle sales in June climbed 33.5% to 112,773 units from 84.455 units in a year ago month.
Domestic sales soared 31.1% to 100,964 units and passenger car sales in the month jumped 32.3% to 86,223 units and exports surged 58.4% to 11,809 units.
Mahindra & Mahindra Limited
jumped 4% to Rs 1,194.15 after the company said total tractor sales in June climbed 8% to 29,884 units and domestic sales increased 8% to 28,893 units. Total tractor exports fell 3% to 991 units.
Total sales in automobiles segment rose 1% to 38,471 units and domestic automobiles sales grew 1% to 36,457 units.
The company’s domestic sales of scooter surged 83% to 14,389 units from 7,849 units.
Punj Lloyd Limited
climbed 3.5% to Rs 52.90 after the company was awarded expansion and revamping contract for Ahmadi Depot from Kuwait National Petroleum Company valued Rs 1,418 crore.
Sterlite Technologies Limited
soared 4.9% to Rs 68.60 after the company secured contracts worth Rs 2,500 crore from BSNL for defense services.