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Shares of the construction major pared losses after its unit bagged a Rs 4,500 crore contract from the defence ministry for artillery guns.
The company will supply 100 units of 155mm/52 calibre tracked self-propelled gun system to the Indian Army in 42 months, according to its exchange filing.
It will also provide associated engineering support package and maintenance transfer of technology to support the enhanced version of the Howitzer regiments throughout their life cycle.
Shares of the lender dropped as much as 4.5 percent, the most since April 28, after reporting a net loss that missed analyst estimate by a wide margin.
Net loss for the January to March quarter came in at Rs 1,220 crore compared to the Rs 82.73 crore estimated by analysts in a Bloomberg poll.
Motherson Sumi: 30 lakh shares change hands in a block
*Buyers and sellers were not immediately known
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