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Tuesday
Sep 11

Rel.Ind., ONGC & BILT surge higher while Auto stocks slip

Mumbai -- Keeping up with its today's positive trend, the market went further up.
Among the energy stocks, ONGC is advanced by 1.7% to Rs. 1211 after the Chairman of the company R.S. Sharma disclosed their intentions to invest Rs. 1.3 trillion ($28bn) in ensuing 5 years, to expand business. The scrip has touched an intra-day high of Rs. 1214 and a low of Rs. 1160 and has recorded volumes of over 5 lakh shares on NSE.

A valued order pushed KEC International further by 2% to Rs. 269. The company bagged contract worth Rs. 1.5bn. The scrip has touched an intra-day high of Rs. 282 and a low of Rs. 267 and has recorded volumes of over 1 lakh shares on NSE.

Also, Reliance Industries has surged higher by 0.2% to Rs. 1069 after the company’s output grows 10% to 3.21mn tons in July. The scrip has touched an intra-day high of Rs. 1084 and a low of Rs. 1065 and has recorded volumes of over 25 lakh shares on NSE.

Following the same track, BILT has managed to get higher by 2.3% to Rs. 113 after the company posted their fourth quarter results, the company registered profit at Rs. 678.8mn (up 67.7%). The scrip has touched an intra-day high of Rs. 114 and a low of Rs. 111 and has recorded volumes of over 2 lakh shares on BSE.

On contrary, Savita Chemicals has lost by 0.6% to Rs. 483. However, the company intends to give 2 free shares for every 3 held. The scrip has touched an intra-day high of Rs. 504 and a low of Rs. 481 and has recorded volumes of over 30 thousand shares on BSE.

Proft booking also dragged auto stocks. Tata Motors has lost by 2% to Rs. 841, M&M is slipped by 1% to Rs. 657, Maruti is down by 1% to Rs. 833 and Bajaj Auto has lost by 0.9% to Rs. 2745.

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