Tata Motors gained 0.76% to Rs 474.30 at post morning, Tuesday, on BSE after its wholly-owned subsidiary, Jaguar Land Rover (JLR) achieved its best ever February sales performance in 2017. JLR’s total retail sales rose 9.3% to 40,978 vehicles in February 2017 over February 2016, primarily driven by continuing strong sales.
PNC Infratech advances after having declared as lowest bidder for highway project. PNC Infratech gained 3.28% to Rs 104 at post morning on BSE after the company was declared as lowest bidder for 6 laning of Chitradurga-Davanagere in Karnataka.
PNC Infratech’s consolidated net profit grew 70.28% to Rs 59.36 crore on 22.23% fall in total income to Rs 578.33 crore in Q3 Dec 2016 over Q3 DEc 2015.
Jindal Poly Films gained 1.95% to Rs. 329.95 similarly on BSE after the company’s board of directors approved expansion plans for company;s India operation through investment of Rs 350 crore.
Tech Mahindra rose 1.15% to Rs 505 at 10:00 am on BSE after the company said that it has inked a definitive agreement to obtain CJS Solutions Group LLC.
Crompton Greaves is gaining in trade at morning hours of Tuesday’s session as it has inked a share purchase agreement with Alfanar Electric Systems Co., Saudi Arabia for the sale and acquisition of the company’s B2B Automation business.
Meantime, Music Broadcast Ltd’s IPO has been subscribed 51% on the first day itself, getting bids of 53,17,065 shares as against the total issue volume of 1,04,80,784 shares, going by the data reported by NSE.