The company has gained new orders worth Rs 437 crore from the Middle East, Africa and Americas
The company said this move will enhance its sales in Europe and other areas
Markets were trading near their day's highs, led by capital goods and financials
The company received strong response for its Rs 400 crore QIP which was oversubscribed several times
The suspension is because of low productivity, shortage of funds and lack of demand for Ambassador
Auto and capital goods stocks are leading the rally this morning.
The stock has rallied 5% to Rs 339 after reporting 36% yoy growth in net profit at Rs 149 crore for March 2014 quarter.
Capital goods and banking stocks are calling the shots this morning.
The stock has rallied 15% to Rs 137 on the Bombay Stock Exchange.
Ranbaxy has surged 5% to Rs 460, while Sun Pharma gained nearly 4% to Rs 607 on BSE.
Markets are likely to open higher, amid firm Asian cues, with index heavyweights leading gains in early trades
MPSE has been asked to create its own trading platform with a net worth of Rs 100 cr or face de-recognition
Many other forward products to be launched in futures platforms
Govt has already named 4 merchant bankers--SBI Cap, Goldman Sachs, Barclays, Axis Capital-- for managing 10% HAL stake sale
Coal India, SBI top list of gainers, TCS, ITC, HDFC bank among biggest losers
Trend in investment by foreign institutional investors, global cues and movement of rupee against the US dollar will also hold key
However, the report said that transplanting the model of effective administration from Gujarat to the national level will take some time
Foreign investors have also infused a net Rs 12,037 cr in the debt market
This is the first increase in equity MF investor base in more than four years