On Tuesday, 2296 stocks advanced, 1668 declined and 90 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 1.38 indicating positive closing of stocks in broader markets. The trend of the major indices on Tuesday’s trading is given in the table below.
On NSE, securities 101 advanced and closed at a new 52-week high whereas 33 securities sank to close at their new 52-week lows. In sectoral indices, Nifty Energy, Nifty Infrastructure and Nifty FMCG were among the biggest losers. Nifty Media, Nifty IT and Nifty Metal among the biggest gainers.
NCC (+0.86%) received orders valuing Rs2,327 crore in the month of September 2024. Out of these orders Rs1417 crore relates to transportation division, Rs520 crore relates to electrical division and Rs390 crore relates to building division. These orders are received from state government agencies and private limited company and does not include any internal order.
Power Mech Projects (+0.17%) incorporated a new wholly owned subsidiary with the name ‘Power Mech Arabia Contracting company’ in Saudi Arabia. The company will engage in the repair and maintenance of equipment for Power plants, oil and gas facilities, and desalination plants. Additionally, it will participate in the development, repair, and maintenance of water distribution networks, as well as the repair and maintenance of power stations and transformers. The company will also be involved in the establishment of refineries, power plants, and petrochemical plants.
Sun Pharmaceutical Industries (-0.35%) and Philogen S.p.A (Philogen) entered into a global licensing agreement for commercializing Philogen’s specialty product, Fibromun (L19TNF). Fibromun, an innovative anti-cancer immunotherapy, is being investigated in registration trials by Philogen for the treatment of soft tissue sarcoma and glioblastoma.
Adani Power (-0.45%) signed a business transfer agreement (BTA) with North Maharashtra Power (NMPL), a related party of the company, to acquire the 2x250 MW (500 MW) Adani Dahanu Thermal Power Station (ADTPS) located at Dahanu, District Palghar, Maharashtra on a going concern basis from NMPL.
Lupin (+0.15%) inked a distribution pact with Ireland-based Scope Ophthalmics to market a product range, indicated for the treatment of various eye conditions, in Mexico. The company has signed a distribution agreement with Scope Ophthalmics for the registration and marketing of moist heat mask, a tea tree oil eyelid cleansing gel and tea tree oil eyelid wipes of the optase range in Mexico. The products are used for eye conditions like dry eyes, blepharitis and meibomian gland dysfunction (MGD).
Tata Power Company (-0.28%) signed memorandum of understanding (MoU) with the Government of Rajasthan with an investment plan of around Rs1.2 lakh crore. This ambitious 10-year plan aims to support Rajasthan's transformation into a power surplus state, providing 24/7 clean, affordable, and reliable power supply with investments in renewable energy projects and manufacturing, transmission, distribution, nuclear power, rooftop installations, and EV charging
Welspun Corp (-3.50%) received large order in the USA valued at around Rs2,400 crore, for supply of coated HSAW pipes for a natural gas pipeline project. Execution of this order will be during FY24-25 and FY25-26. This win further reinforces company’s credibility and demonstrate its leading position in the USA market.
Zen Technologies (-0.50%) signed an annual maintenance contract (AMC) worth Rs46 crore (inclusive of 18% GST) for simulators with the Ministry of Defence. The contract, effective for a period of five years, ensures the continued maintenance of simulators designed and developed by Zen.
RITES (-2.97%) received the letter of award (LOA) from Tsiko Africa Logistics for supply, commissioning and one-year onsite warranty of overhauled in-service Cape Gauge 3100 HP, diesel electric locomotive etc. Broad consideration or size of the order(s)/contract(s) is $4.28 million. The order(s)/contract(s) is to be executed within six months and it has one-year onsite warranty.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below:
