6:00 PM Mumbai – BHEL said orders on the book soared 10% to ₹30,814 crore from a year ago quarter and estimated 62% decline in profit. KEC International won new orders for about ₹1,565 crore. L&T secured orders worth ₹5,492 crore in March. NTPC plans to invest ₹5,000 crore in power plants.
Stocks in Mumbai traded higher and investors bid up stocks ahead of Reserve Bank of India policy meeting later in the week.
Investors bid up pharmaceutical stocks for the second day in a row ahead of RBI policy meeting tomorrow.
RBI is expected leave repo rate and cash requirements ratio for banks unchanged but lower the statutory rate.
Market is also awaiting the statement from Governor Raghuram Rajan views on inflation.
Wholesale inflation has dipped substantially in the last six months, however local government controlled transportation companies in large metro areas are lifting fares and food prices remain at elevated level across most of the nation.
Rupee gained 31 paisa 62.18 against one dollar.
The Sensex Index jumped 244.32 or 0.9% to close at 28,504.46. The CNX Nifty gained 73.65 or 0.9% to 8,659.90.
Gainers & Losers
Bharat Heavy Electricals Limited
advanced 1.4% to ₹235 after the power generation equipment maker’s orders soared 10.02% from the quarter year ago to ₹30,814 crore.
The company estimated net in the fourth-quarter plunged 62% to ₹1,314 crore and net sales declined 23.6% to ₹30,806 crore compared to in the same period last year.
Gokaldas Exports Limited
soared 20% to ₹52.50 after the apparel exporter plans to sale its stake in Robot Systems to Silver Spark.
KEC International Limited
jumped 2.5% to ₹85.65 after the engineering and infrastructure developer won new orders for about ₹1,565 crore in Transmission & Distribution and Cables segments.
Larsen & Toubro Limited
added 1.3% to ₹1,755.80 after the engineering infrastructure maker secured orders worth ₹5,492 crore in March.
climbed 2.7% to ₹151.85 after the power generation company plans acquire power plants worth ₹5,000 crore by the end of this year. The company said in a statement that several power plant companies have shown interest in striking deals.
SML Isuzu, Ltd.
surged 19.9% to ₹1415.25 after the auto maker said sales in March surged 32.53% to 1,772 units compared to same period a year ago.