Rolta India strengthens on hopes of bagging contracts

DALAL STREET SPIKES

Rolta India was the highest gainer in the Group-A pack on the BSE, rising 5.10 per cent to close at Rs 325.80. The company and its 50:50 joint venture partner Stone & Webster, expect to bag engineering and design orders worth $2 billion (Rs 8,500 crore) for nuclear energy in seven years after India signs the civil nuclear accord with the US.

The IT-index was the only sectoral gainer, rising 0.75 per cent to 3926.4, as the rupee hit a 17-month low of Rs 43.59. The stock made an intraday high/low of Rs 329/Rs 307, with traded quantity of 4,59,688 shares.