BackSensex lifeline: high beeps and pratfalls
Sensex lifeline: high beeps and pratfalls
Premium
Prism Cement (15% up)
Shares of Prism Cement Ltd ended at Rs53.45, up 15%, on the National Stock Exchange on Friday. The firm is likely to double capacity of its plant to 7 million tonnes (mt). It is also setting up a 3mt plant with a capex of Rs900 crore, of which Rs600 crore has already been tied up.
Shriram Transport (5.5% up)
Shares of Shriram Transport Finance Co. Ltd ended up 5.5% on the National Stock Exchange on Friday. ICICI Prudential Life Insurance has bought 12 million shares of the firm at Rs300 per share, while Reliance Capital Ltd bought 7.75 million shares over the past few months at Rs226 per share.
Indiabulls Financial (5.4% down)
Shares of Indiabulls Financial Services Ltd declined 5.4% to Rs190.10 on the National Stock Exchange on Friday after 2.46% of its equity changed hands at Rs188 per share. There have been a couple of block deals involving the stock in the recent past.
Austral Coke (2.4% up)
Shares of Austral Coke and Projects Ltd rose 2.4% on the National Stock Exchange on Friday. The firm is setting up a low ash metallurgical coke plant in Andhra Pradesh with a capacity of 600,000 tonnes per annum and is also planning to raise Rs957 crore from the markets.
Mercator Lines (6.04% down)
Mercator Lines Ltd, a company engaged in shipping and related activities, ended down 6.04% after Baltic Dry Index, a measure of shipping costs for commodities, tumbled 4.7%, a sixth-consecutive decline. The counter lost Rs3.55 to close at Rs55.20. It touched an intraday high of Rs57.90.
Orient Abrasives (3.7% up)
Shares of Orient Abrasives Ltd were up 3.7% to close at Rs44.85 after the firm announced plans to set up a wind power turbine project near Jodhpur in Rajasthan. The project will involve an investment of Rs10 crore. The company expects to begin operations in September.
Aban Offshore (5.3% down)
Shares of Aban Offshore Ltd were down 5.3% on the National Stock Exchange on Friday after traders booked profit in the recent run-up. The shares closed at Rs1,068.40 each. The firm’s consolidated net profit declined by 10.34% to Rs110.8 crore for the first quarter ended 30 June over the same period last year.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!
