PSL (3.53% up)
Shares of PSL Ltd gained 3.53% after the US imposed preliminary duties ranging from 10.9-30.7% on steel pipes from China. The company told CNBC-TV18 that its order book has increased by Rs1,000 crore in the last few weeks and the current global order book is at Rs4,000 crore.
Sterlite Industries (2.62% down)
The Sterlite Industries ( India ) Ltd stock fell 2.62% after the firm raised its bid for Asarco Llc to $2.56 billion (around Rs12,416 crore today) in an all-cash deal, from $2.29 billion earlier, which included a $2.14 billion cash component and $208 million copper price participation note.
Godrej Industries (11.77% up)
Shares of Godrej Industries Ltd gained 11.77% after chairman Adi Godrej said Godrej Properties will launch its initial public offering (IPO) in the next three months. The company will also offer 3.5% stake via a pre-IPO placement. The firm’s shares closed at Rs197.95 each on Friday.
Avaya Global (5.01% up)
Shares of Avaya GlobalConnect Ltd gained 5.01% on the National Stock Exchange on Friday after CNBC-TV18 reported that Reliance MF has written to the Securities and Exchange Board of India seeking an open offer in the company. Reliance MF holds around 6% stake in Avaya Global.
Patel Engineering (3% up)
Shares of Patel Engineering Ltd gained 3% after the management told CNBC-TV18 that they are looking at Rs1,400 crore equity and had already invested Rs400 crore. The company is looking at various options to raise the balance amount and could look at another public issue.
Glenmark (2.42% down)
Glenmark Pharmaceuticals Ltd ended at Rs219.90, down 2.42%, after CNBC-TV18 reported that Glenmark raised $85 million (around Rs412 crore) through qualified institutional placement at Rs221 per share.