BackSensex lifeline: high beeps and pratfalls
Sensex lifeline: high beeps and pratfalls
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IVRCL (Up 3.52%)
IVRCL Infrastructure and Projects gained 3.52% after Macquarie rated the stock as ‘outperform’. The firm is the lowest bidder for two road projects worth around Rs1,200 crore each. Norges Bank bought 850,000 shares of the firm on Friday.
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KRBL (Up 10.69%)
The shares of KRBL were up 10.69% on the back of firm prices, which will result in higher realizations. Agencies have procured 14.2 million tonnes (mt) of rice in the new season, against 13.9 mt a year ago, said people familiar with the development.
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SMS Pharma (Up 8.27%)
SMS Pharmaceuticals gained 8.27% after the company commenced operations at its seventh production unit in the Vizianagaram district of Andhra Pradesh. The firm has invested Rs120 crore in this manufacturing unit.
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Nava Bharat (Up 5.24%)
Nava Bharat Ventures gained 5.24% after its Singapore unit bought 65% stake in Zambia’s largest coal mine for $26 million. It will set up a 300MW power plant in the African country, along with the Zambia government’s holding company.
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