6:00 PM Mumbai – Generic drug makers and software services exporters led the gainers in Mumbai trading. DLF plans to sell its land parcel in Kochi. ICICI Bank acquired 9% stake in Karuturi Global. Tata Elxsi profit surged 71% on 28% increase in revenues.
Stocks in Mumbai rebounded after two days of losses and pharmaceuticals and software exporters led the gainers on the expectations of rising sales.
Rupee strengthened 5 paisa to 65.26 against one U.S. dollar.
The Sensex Index increased 100.10 or 0.4% to close at 27,931.64. The CNX Nifty rose 28.60 or 0.4% to 8,495.15.
Gainers & Losers
Aurobindo Pharma Ltd
jumped 4.3% to ₹823.50 after the natural and ayurvedic medicine maker plans to construct three formulation plants in Andhra Pradesh and Telangana.
fell 0.7% to ₹127.10 after the real estate developer plans to sell its land parcel in Kochi for about ₹111 crore.
Glenmark Pharmaceuticals Ltd.
gained 3.4% to ₹1,200.45 after the generic drug maker received approval from the U.S. Food & Drug Administration for the sale of generic version of Bayer’s Yaz contraceptive tablets.
rose 0.9% to ₹1,175.05 after the software developer received an order from the Fidelity Bank of Nigeria to upgrade its core banking platform.
Jindal Saw Limited
decreased 1.6% to ₹77.10 after the company received shareholders’ approval to raise up to ₹3,000 crore.
Karuturi Global Limited
declined 4.9% to ₹3.10 after the florist said that the ICICI Bank acquired 8.89% stake in the company for ₹25 crore.
Tata Elxsi Limited
advanced 2.9% to ₹2,193.05 after net in the first-quarter surged 71% to ₹35.72 crore.
Total revenues in the quarter jumped 27.7% to ₹24.35 crore.