Nifty, Sensex struggling to rally – Weekly closing report
Moneylife Digital Team / IANS
The major indices continued its rally and ended with major gains. The trend of the major indices in the week is given in the table:
On Monday, the major indices continued to make new all-time highs. On the NSE, there were 1,385 advances, 528 declines and 326 unchanged.
Goodyear India declared an interim dividend of Rs 80 per equity share of face value of Rs 10 each for the financial year 2020-21. ONGC subsidiary ONGC Videsh made a significant strike in an onshore block in Colombia.
Tata Chemicals’ promoter Tata Sons purchased more than 25 lakh scrips worth over Rs 121 crore via open market transaction. Larsen & Toubro secured multiple orders for supply of 90 units of Komatsu Mining Equipment from Coal India subsidiaries, leading infra companies engaged with the coal sector and customers from the cement and iron ore sectors.
Shares of IRCON International, PNC Infratech, and Gayatri Projects gained up to 9 per cent on the BSE in intra-day trade on Friday after these companies announced winning orders.
IRCON International was up 9 per cent at Rs 96.05 after the company said it has been awarded the work of upgradation of Gurgaon- Palaud,-Rewari section of NH-352W (design length of 46.110 km) 35 feeder route in Haryana on Hybrid Annuity Mode valuing Rs 900 crore on competitive bidding basis by National Highways Authority of India (NHAI). This work will be undertaken and executed by a Special Purpose Vehicle (Concessoonaire as a limited liability company) which shall be incorporated by IRCON as its whoIIy-owned subsidiary company, it said.
Here s a list of stocks that may remain in focus today.
UPL: Shares of UPL will continue to be in focus on Friday after the management clarified that the matter flagged by a whistleblower was an old matter and was reported to the audit committee in 2017. After an independent probe, the matter was closed, it said.
PNC Infra: PNC Infratech Limited in Joint Venture with SPML Infra, has announced receipt of Letter of Acceptance (LOA) for an EPC roject for 10 years of Rural Water Supply Project in 952 villages in Devipatan Division of Uttar Pradesh. Approximate value of the Project is Rs 952 crore.
Gayatri Projects hit an upper circuit of 5% at Rs 36.20 after the company said it received three letter of awards (LoAs) aggregating to Rs 1332 crore for drinking water schemes in Uttar Pradesh.Gayatri Projects has received three LoAs for pipe drinking water schemes from Namami Gange and Rural Water Supply Department in Uttar Pradesh. The project will be executed in joint venture where the company s share is 97.5%. All the above LOAs pertain to water division, Gayatri Projects said in a statement post market hours yesterday.
Gayatri Projects is the flagship company of the Gayatri Group that has interests in infrastructure, power, hospitality, real estate and industry.
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