6:00 PM Mumbai – Alstom T&D India secured a contract worth Rs 180 crore from NTPC. Cipla won an order for about Rs 1,100 crore in South Africa. Madhucon Projects to sell 74% stake in its subsidiaries. Mukand transfer its alloy steel business worth Rs 1,590 crore to its subsidiary.
Stocks in Mumbai traded lower and trading volume was below and investors focused on the recent volatility in the currency markets.
Rupee extended losses and dropped to a new low of 63.45 against one dollar as the stronger than seasonal demand for the foreign currency.
The Sensex Index dropped 195.33 or 0.7% to close at 27,506.46. The CNX Nifty fell 57 or 0.7% to 8,267.
Gainers & Losers
Alstom T&D India Limited
jumped 2.1% to Rs 456 after the power generation equipment maker secured a contract worth Rs 180 crore or €23 million from NTPC.
advanced 1.8% to Rs 629.65 and the largest drug maker’s subsidiary won an order for about Rs 1,100 crore or $173 million in South Africa.
Madhucon Projects Limited
surged 14.9% to Rs 37.65 after the construction company signed an agreement with TRIL Roads to sell 74% stake in its subsidiaries.
Puravankara Projects Limited
climbed 3.9% to Rs 82 after the infrastructure developer signed partnership agreement with 99acres.com.
soared 11.2% to Rs 51.15 after the stainless steel product maker decided to transfer its alloy steel business worth Rs 1,590 crore to its subsidiary.