6:00 PM Mumbai – NBCC secured a contract to build a local trade and craft center in Varanasi. L&T expanded its order backlog with new orders this month. Hotel Leelaventure agreed to sell its marquee hotel in Goa for $111 million to a Malaysia-based firm.
Stocks in Mumbai struggled after mixed close in Asian markets and investors focused on domestic corporate news.
Rupee weakened 5 paisa to 65.72 against one U.S. dollar.
The Sensex Index fell 25.93 to close at 26,192.98. The CNX Nifty slid 4.80 to 7,977.10.
Gainers & Losers
Asian Paints Limited
slipped 1.4% to ₹829.60 after the paint maker plans to invest up to ₹2,300 crore to set up a manufacturing plant at Mysuru, Karnataka.
Hotel Leelaventure Limited
edged up 0.5% to ₹21.50 after the hotel operator plans to sell its Leela Goa to Malaysia-based MetTube Sdn. Bhd. for ₹725 crore. The proceeds will be used to lower company debt.
Leelaventure will continue to manage the 206-room hotel and the Goa-based hotel generated more than 12% income in the last two financial years.
Larsen & Toubro (L&T) Limited
rose 0.8% to ₹1,551.75 after the infrastructure developer received orders worth ₹1,810 crore this month.
L&T Finance Holdings Limited
dropped 2.6% to ₹66.85 after the financial services provider’s board approved the sale of 5% stake to Bain Capital for about ₹602 crore.
National Buildings Construction Corporation Ltd
increased 1.4% to ₹940.15 after the construction services provider secured a project for construction of trade centre and crafts museum in Varanasi.
Power Mech Projects, Ltd.
, the construction services provider secured a contract from Jaypee Group''s Prayagraj Power Generation Co. for ₹167 crore.
The Sandesh Limited
advanced 2.4% to ₹667.50 after the print media plans to acquire Sandesh Digital.
Steel Strips Wheels Limited
soared 6.5% to ₹347.50 after the steel wheel rims maker said the Kalink Co., Ltd. plans to invest up to $2 million in the company.
TD Power Systems Limited
surged 8.1% to ₹311.20 after the company won an order from Europe to supply multiple units of 10 megawatts generators to be installed in a single power plant located in Germany.