Sensex lifeline: high beeps and pratfalls

Sensex lifeline: high beeps and pratfalls

Tinplate Up 16.97%

Tinplate Co. of India gained 16.97% after the company said it will focus on exports growth in South-East and Europe. Exports will contribute 25-30% to its revenue, director B.L. Raina said. Tata Steel has a 31% stake in the company.

HCL Infosystems Up 3.27%

The HCL Infosystems stock gained 2.37% after it won a Rs110 cr order from the Gujarat government. The firm will supply personal computers with fingerprint scanners and UPS equipment to at least 7,000 schools across the state.

Radico Khaitan Up 3.62%

The Radico Khaitan stock gained 3.62% after the government allowed Diageo Plc to buy Radico’s entire stake in its joint venture. The transaction will be by way of preferential allotment of 17.5 million fully convertible preference shares.

Apollo Hospitals 2.43%

Apollo Hospitals declined 2.43% after the firm told CNBC-TV18 that there are no plans to hive off Apollo Reach hospitals. The company said it is fully funded for capital expenditure and there are no plans to raise equity.

Gammon Infra Up 11.27%

Gammon Infrastructure Projects gained 11.27% after the National Highways Authority of India gave a clean chit to its arm, Gammon India, in the collapse of an under-construction bridge on the Chambal river in Kota, Rajasthan.

TVS Motors Up 8.59%

TVS Motors gained 8.59% on reports that the firm is aiming to raise its market share in the passenger segment to 50% in three years, from the present 9%. H.S. Goindi, president (marketing), said, “We think it’s possible to achieve this..."