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Market Update

Tata Motors to Set Up Brazil Unit with $290 M Investment

Author: Mukesh Buch
Last Update: 9:45 AM ET December 03 2014

6:00 PM Mumbai JSW Energy acquire two power projects worth Rs 9,700 crore from JP Power. Tata Motors to set up new unit an automotive unit in Brazil with $290 million investment. Supreme Court allowed to sell four properties worth Rs 2,700 crore of Sahara group.

The Sensex Index slid 1.30 to close at 28,442.71. The CNX Nifty rose 12.95 or 0.2% to 8,537.65.

Gainers & Losers

JSW Energy Limited slipped 1.3% to Rs 95.65 and the largest electric utility provider agreed to acquire two power projects for about Rs 9,700 crore from JP Power.
Omaxe Limited fell 0.9% to Rs 126 and the real estate developer plans to raise Rs 500 crore through debt securities.

Pennar Industries Limited jumped 2.9% to Rs 57.15 after the steel products maker received orders of about Rs 102 crore in November.

Patels Airtemp (India) Limited surged 14.8% to Rs 176.25 after the air cooled heat exchange maker secured an export order worth Rs 56 crore in South America.

Tata Motors Limited slid 0.09% to Rs 528.50 and the truck and motor vehicle maker set up new automobile manufacturing unit in Brazil with estimated investment of $290 million.

Sahara One Media and Entertainment Limited rose 0.9% to Rs 94.90 after the Supreme Court allowed to sell four properties worth Rs 2,700 crore of the parent Sahara group.

Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc