Share Market Live: Sensex Crosses 55,000, Nifty Above 16,400; Aurobindo Pharma Slips Post Q1

Shares of Larsen & Toubro Ltd. gained 2.23% to a record Rs 1,659.70 apiece after the company’s heavy engineering arm bagged an order for oxidation reactor from Technip Energies India for the technologically critical Titanium Clad Reactor.

In an exchange filing, the company said the order was an important step in indigenization of high technology equipment and marked the opening of multiple avenues for the heavy engineering segment in both domestic and global markets.

Of the 43 analysts tracking the company, 41 maintained ‘buy’, 1 maintained ‘hold’ and 1 analyst maintained ‘sell’ recommendation. The overall consensus price of analysts tracked by Bloomberg implied an upside of 11.6%.

Shares of Zensar Technologies Ltd. rose 5.33% to a record Rs 439.95 apiece after the company signed a 4-year multi-million-dollar contract with the City of San Diego.

Zensar has been selected as the provider of enterprise compute services and workplace services by the City of San Diego, exchange filing by the company showed. Zensar Technologies delivers end-to-end, integrated solutions for I.T. infrastructure services.

Shares of Zensar Technologies added nearly 83% in 2021 so far compared to 34% gains for NSE Nifty IT index. Of the 12 analysts tracking the company, 8 maintained ‘buy’, 3 maintained ‘hold’ and 1 analyst maintained ‘sell’ recommendations. The overall consensus price of analysts tracked by Bloomberg implied a downside of 5%

Shares of Wockhardt Ltd. gained over 8%, the steepest advance in over two months, to Rs 528.70 apiece after the company signed an agreement with Dubai-incorporated Enso Healthcare DMCC and Human Vaccine LLC to manufacture and supply the Russian covid vaccine Sputnik V and its single-dose Light version.

Exchange filing by the company showed that Wockhardt will manufacture and supply up to 62 crore doses of Sputnik vacccines to Enso after successful technology transfer from the Russian sovereign wealth fund unit.

Shares of Suprajit Engineering Ltd. advanced for the second consecutive day, adding nearly 10% to Rs 346 apiece. The company reported on Wednesday that it swung to profit in the June quarter.

June Quarter Numbers (Consolidated)

• Net profit at Rs 43.16 crore vs Rs 57.51 crore QoQ (loss of Rs 14.51 crore YoY)

• Revenue at Rs 361.62 crore vs Rs 512.97 crore QoQ

• Total costs at Rs 331.47 crore vs Rs 448.34 crore QoQ

• Other income at Rs 6.61 crore vs Rs 12.19 crore QoQ

All the 7 analysts tracking the company maintained a ‘buy’ recommendation. The overall consensus price of analysts tracked by Bloomberg implied a downside of 8.1%.