The major indices of the Indian stock markets rallied on Monday and closed with gains over Friday’s close. On the NSE, there were 725 advances, 1,034 declines and 318 unchanged. The trends of the major indices in the course of Monday’s trading are given in the table below:
Commercial vehicles major Ashok Leyland Ltd on Monday said it closed September 2018 with a 26% growth in sales. In a statement here, the company said it sold 19,373 units last month, up from 15,371 units sold in September 2017. Ashok Leyland Limited shares closed at Rs121.00, up 1.60% on the NSE.
Pharma major Dr Reddy's Laboratories Ltd on Monday announced the sale of its antibiotic manufacturing facility and related assets in Tennessee, US, for an undisclosed sum. Dr Reddy’s Laboratories shares closed at Rs2,512.00, down 0.74% on the NSE.
Gayatri Projects has been awarded with two add-on works to the existing works of Chintalapudi Lift Irrigation Scheme (Package-1 & 2). These two additions lead to a consolidated increase of Rs548.98 crores, nearly 55% of the existing value. Gayatri Projects shares closed at Rs192.30, up 14.70% on the NSE.
Cadila Healthcare has received final approval from the USFDA (US Food & Drug Administration) to market Desoximetasone Cream USP (US RLD — Topicort® Cream), 0.25%. Desoximetasone is a strong corticosteroid, used to treat a variety of skin conditions like eczema, dermatitis, allergies and rash. Cadila Healthcare shares closed at Rs398.00, up 3.12% on the NSE.
KEC International has secured new orders of Rs1,159 crore in its Transmission & Distribution business across India, Africa, Oceania and Americas. KEC International shares closed at Rs285.00, down 3.72% on the NSE.
GMR Infra has emerged as the highest bidder for the Development, Operations and Management of Dr Babasaheb Ambedkar International Airport, Nagpur on a Public Private Partnership (PPP) basis. In FY2017-18, Nagpur Airport had handled 2.18 million passengers and 7,800 MT cargo. GMR Infrastructure shares closed at Rs17.00, up 4.94% on the NSE.
HCC Infrastructure Company has executed a definitive agreement for the sale of 100% equity stake in Farakka-Raiganj Highways to Cube Highways II, Singapore for an equity consideration of Rs372 crore subject to closing adjustments. Hindustan Construction Company Limited shares closed at Rs11.10, up 4.23% on the NSE.
The Fortive Corp. has chosen TCS as the preferred partner for providing engineering & digital/IoT solutions and services to its operating companies. To explore other opportunities allowing for potential offerings that leverage skills, resources, and IP from both companies. TCS shares closed at Rs2,250.30, up 3.05% on the NSE.
Take Solutions's subsidiary Navitas, Inc (USA) has sold off its supply chain unit namely 'TAKE Supply Chain' in Austin, USA to ESW Capital, LLC, USA for a consideration of US$ 3.25 million (approx. Rs23.58 crore). Take Solutions shares closed at Rs171.00, up 11.80% on the NSE.
Bandhan Bank shares closed at Rs452.20, down 20.00% on the NSE after RBI withdrew permission to open new branches stands after the bank failed to comply with the licensing condition to bring down the shareholding of holding company in the Bank to 40%.
The Heavy Civil Infrastructure business of L&T won orders worth Rs7,489 crore from the Municipal Corporation of Greater Mumbai (MCGM) for the construction of the Mumbai Coastal Road Project (MCRP), packages 01 & 04. Larsen & Toubro shares closed at Rs1,251.00, down 1.66% on the NSE.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below: