Reliance Communications share price closed 2.39 per cent up at Rs 85.70 after it said that it is in talks with shareholders of telecom operator Aircel for a potential merger of the wireless or mobile businesses of the two companies.
The BSE Sensex and NSE Nifty closed in negatove zone on Tuesday on the back of selling in front line blue chip counters. Sensex ended 145.25 points down at 25,590.65, while Nifty fell 48.35 points to settle at 7,786.10.
Below are the stocks that remained in focus today:
Reliance Communications: Share price of the company closed 2.39 per cent up at Rs 85.70 after it said that it is in talks with shareholders of telecom operator Aircel for a potential merger of the wireless or mobile businesses of the two companies.
Uttam Galva Steels Ltd: Share price of the company closed 4.26 per cent up at Rs 34.30 on reports that the company’s unit Uttam Galva Metallics has signed a memorandum of agreement (MOA) with Posco and South Korea.
Diamond Power Infrastructure: Share price of the company gained over 4 per cent after the company bagged an order worth Rs 44 crore from Powergrid NM Transmission for supply of Conductors for 765 kV S/C (Quad Bersimic) Salem – Madhugiri Transmission Line associated with Nagapattinam Project under TBCB route. Later, the scrip settled 0.44 per cent up at Rs 45.40.
Eon Electric: Shares of the company settled 4.63 per cent up at Rs 79.10 on reports that it has received an extended LED streetlight installation contract aimed at replacing conventional streetlights with LEDs in Jodhpur. As part of the extended contract, the company will install additional 33,153 LED streetlights in the city.
Housing Development and Infrastructure Ltd: Shares of the realty player were 3.70 per cent up at Rs 72.95 after it sold development rights on its land parcel at Kurla in Mumbai to DK Realty (India) for Rs 649.51 crore.
Thomas Cook: Share price of the company closed 1.51 per cent up at Rs 204.90 after it announced a partnership with digital payments solution firm ItzCash of Essel Group to expand its outreach to India’s rapidly growing inward remittance market.
National Buildings Construction Corporation (NBCC): Shares of the company closed 1.65 per cent up at Rs 1003.90 after the company said it got an order from AIIMS for the expansion of JPN Apex Trauma centre worth Rs 3,000 crore. The project is planned for 2250 patient beds and shall be developed on a land parcel of 15 acres within a period of 4 years.
Infosys, TCS and Wipro: Stocks of the IT companies like Infosys, TCS and Wipro ended 1.67 per cent, 1.43 per cent and 0.07 per cent down at Rs 1083.60, Rs 2405.95 and Rs 555.65 on Tuesday after they came under selling pressure after the US Congress imposed a special outsourcing fee of up to $4,500 on H-1B and L-1 visas to fund a 9/11 healthcare Act and biometric tracking system.