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Tuesday
Sep 11

Metal and Banking stocks Dip

Mumbai -- Amidst the volatile market condition, Rolta India Ltd. has surged by 2.5% to Rs. 225 after the company inked an agreement with Thales, France to establish a Joint Venture in India. The scrip has touched an intra-day high of Rs. 229 and a low of Rs. 222 and has recorded volumes of over 13 lakh shares on NSE.

In the same manner, Punj Lloyd Ltd. has edged higher by 1.6% to Rs. 744 after the company bagged an order worth Rs. 8.23bn from Rajasthan Vidyut Utapadan Nigam to set up 2x250 MW thermal power station at Chabbra. The scrip has touched an intra-day high of Rs. 752 and a low of Rs. 734 and has recorded volumes of over 1 lakh shares on NSE.

Followint the path of gainers, Pharma stocks are trading firm on account of fresh buying. Ranbaxy has surged by 1.2% to Rs. 410, Dr Reddy is firm by 1.2% to Rs. 1507, Lupin has gained by 1% to Rs. 536 and Cadila has advanced by 2.8% to Rs. 658.

On the other hand, Metal stocks are continue with their down fall as profit booking drags the metal stocks. Hindalco has dipped by 2.7% to Rs. 160, National Aluminum has plunged by 1.4% to Rs. 197 and Tata Steel is tumbled by 1.1% to Rs. 512.

Selling pressure is also witnessed in the Banking stocks. PNB declined by 1.7% to Rs. 411, OBC has dipped by 1.2% to Rs. 177, HDFC Bank has slipped by 1.6% to Rs. 837 and SBI has lost by 0.7% to Rs. 874.

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