Shares of the state-run construction company jumped as much as 4.41 percent, the most since August 14, to Rs 217.65 after it was appointed as project management consultant for two projects.
The projects include redevelopment of ITPO Complex into an Integrated Exhibition-Cum-Convention Centre (IECC) at Pragati Maidan in New Delhi and for canal work in Nagpur, Maharashtra.
Elgi Equipments: The Coimbatore-based industrial machinery maker rose as much as 10.5 percent, the most since July 28, to Rs 249.95. Trading volume was 78.6 times its 20-day average.
BASF India: The Mumbai-based chemical manufacturer climbed as much as 2 percent, the most since September 6, to Rs 1,480. Trading volume was 12.1 times its 20-day average.
S.P. Apparels: The Ahmedabad-based apparel maker and exporter rose as much as 4.55 percent, the most since September 5, to Rs 423. Trading volume was 27.9 times its 20-day average.
Arvind SmartSpaces: The Ahmedabad-based real estate company jumped as much as 20 percent to record high of Rs 173.40. Trading volume was 44.3 times its 20-day average.
Shares of the drugmaker rose as much as 10.99 percent, the most in over three months to Rs 798.70.
The U.S. FDA is inspecting the Unit II of Divi’s Laboratories Ltd.’s Visakhapatnam facility, people with knowledge of the matter told BloombergQuint.
The drug regulator had issued an import alert in March and a warning letter in May for Unit II. Plants on the FDA's import alert list cannot export drugs to the U.S.
Shares of the automaker jumped as much as 5.2 percent, the most since September 4, to Rs 4,300 after the company entered into a non-binding term sheet with Rolls-Royce Power Systems AG (R-RPS) to form an Indian Joint Venture Company for producing engines, according to a stock exchange filing.
Indian shares are gaining driven by liquidity, Vinod Nair, head of research at Geojit Financial Services told BloombergQuint told BloombergQuint by phone.
“Investors should remain stock specific.” Nair advised investing in select mid-cap IT, pharma and FMCG shares.
Shares of the LPG bottler rose as much as 5 percent to Rs 19, the most since September 1. The company commissioned a new LPG bottling plant near Kolkata and started providing bottling assistance to HPCL, it said in a stock exchange filing.
It also commissioned three new auto LPG dispensing stations at Chennai.
Shares of the Mumbai-based company jumped as much as 4.2 percent, the most since August 16, to Rs 657.9 after its subsidiary Godrej Agrovet received SEBI’s approval to raise an estimated Rs 1,000-1,200 crore through an initial public offering.