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Stocks Radar: Tata Communications, SBI, Hindustan Unilever And More 

Kalpatru rose more than 4% on multiple orders bagged for its order book. 

Employees monitor stocks at a brokerage firm in Mumbai, India (Photographer: Dhiraj Singh/Bloomberg)
Employees monitor stocks at a brokerage firm in Mumbai, India (Photographer: Dhiraj Singh/Bloomberg)

Indian shares declined as gains in metal makers and energy producers get countered by losses in index heavyweights banks and technology companies.

The S&P BSE Sensex dropped as much as 0.2 percent to 26,963 while the NSE Nifty too lost 0.2 percent to 8,327.

Here are the stocks moving the market this morning:

Tata Communications: Gets An Investment Boost

Shares of the Tata Group company rose 0.7 percent to Rs 679 after its subsidiary made an investment in Teleena Holding, a mobile virtual network enabler in Netherlands.

Tata Communications (Netherlands) is now the largest holder of Teleena with a 35 percent stake, the company said in a statement to the exchanges on Saturday.

State Bank of India: Preference Issue

Shares of the lender gained 0.4 percent to Rs 250, after falling nearly the same amount, as it raised Rs 5,681 crore by issuing preferential shares to the government.

The committee of directors for capital raising of SBI accorded approval to allot 21.07 crore equity shares on preferential basis to the Government of India, the bank said in a regulatory filing to stock exchanges.

Shares were issued at a price of Rs 269.59 per unit of face value of Re 1 each.

Kalpatru Power Transmission: Bags Multiple Orders

Shares of the engineering procurement and construction (EPC) player jumped 4.4 percent to Rs 276 after it bagged orders worth Rs 825 crore.

The orders include a Rs 440 crore contract from Africa and the Commonwealth of Independent States region for transmission line and substation projects, the company said in a filing. Two pipeline projects from government owned Indian Oil will fetch the company Rs 277 crore while a railway project by Central Organisation for railway Electrification will fetch Rs 111 crore.

We continued to receive repeat orders from Africa region and have built a reasonable order book for our pipeline and railways business.
Manish Mohnot, managing Director, KPTL

UltraTech Cement: Profit Jumps, Company Plans New Plant

Shares of the country’s largest cement maker rose 1.8 percent to Rs 3,535 after reporting a 6.6 percent increase in third-quarter net profit, beating analysts’ estimates.

UltraTech’s board approved plans to set up a 3.5 million tonne per year integrated cement plant at Dhar, Madhya Pradesh. The plant will be built at a total cost of Rs 2,600 crore, the company said in a stock filing.

Commenting on the Competition Commission of India’s decision to impose a penalty of Rs 68.3 crore, the company said it will appeal against the order before the Competition Appellate Tribunal as it believes it has a “good case”.

Dilip Buildcon: Bags Rs 1,673 Crore Contract

Shares of the infrastructure firm rose 2.7 percent to Rs 242 after it received contract worth Rs 1,673.6 crore from Northem Coalfields.

The contract includes excavation and re-handling at the OCP in the town of Nigahi, Madhya Pradesh, said the company’s exchange filing. The company had an order book of Rs 112.5 billion as of June 2016.

Earnings Reaction

  • RBL Bank (+5.8 percent to Rs 390)
  • Indiabulls Housing Finance (+2.6 percent to Rs 769)

Earnings Watch

  • Hindustan Unilever (-1 percent to Rs 851)
  • Larsen & Toubro Infotech (-0.6 percent to Rs 673)
  • Bharti Infratel (-1.2 percent to Rs 349)
  • Asian Paints (+0.7 percent to Rs 973)
  • JSW Energy (+1.1 percent to Rs 62)

Sensex, Nifty: Movers & Shakers

Stocks Radar: Tata Communications, SBI, Hindustan Unilever And More