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Sunday
Jul 08

Punj Lloyd, M&M and Auto stocks trading well

Mumbai -- Market, at last, gets boost after witnessing downfalls right from the beginning.

Punj Lloyd has surged by 3.7% to Rs 764 after the company won an order from Sirte Oil Company, Libya for pipeline projects on EPC basis Valued at US $290mn. The scrip has touched an intra-day high of Rs 771 and a low of Rs 739 and has recorded volumes of over 5 lakh shares on NSE.

In the same way, Astrazeneca Pharma India has locked a 10% upper circuit to Rs 854. The board is to meet on August 28 to consider free-bond plan. The scrip has touched an intra-day high of Rs 854 and a low of Rs 756 and has recorded volumes of over 15 thousand shares on BSE.

M&M has moved further by 3.2% to Rs 666 after the company decided to set up Tractor manufacturing facility in Gambia. The scrip has touched an intra-day high of Rs 667 and a low of Rs 640 and has recorded volumes of over 9 lakh shares on NSE.

Auto stocks are also trading with gains led by fall in crude oil prices. Bajaj Auto has surged by 1.93% to Rs 2759, M&M has spurred by 2.3% to Rs 662, Tata Motors is up by 0.4% to Rs 854 and TVS Motors has moved further by 1.5% to Rs 96.

LML has gained by 5.9% to Rs 19 according to reports the company is in talks with various strategic and financial investors for stake sale. The scrip has touched an intra-day high of Rs 20 and a low of Rs 18 and has recorded volumes of over 1 crore shares on NSE.

RCF has jumped by 5.6% to Rs 39 and as per reported the company is looking to set up an integrated fertilizer plant in Australia for Rs 24.6bn.

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