United Spirits, Tech Mahindra rally over 2% on NSE index inclusion

NEW DELHI: United Spirits Ltd, partially owned by Diageo PLC and Tech Mahindra rallied over 2 per cent in trade on Friday after the National Stock Exchange (NSE) in a note said that both stock will be include in the index effective March 28.

The two stocks will replace Jaiprakash Associates and Ranbaxy Laboratories , NSE said in a circular on Thursday. Both the stock plunged as much as 1.8 per cent in trade.

Reacting to the news, software company Tech Mahindra rallied as much as 2.2 per cent while United Spirits rose 2.08 per cent in trade today.

Tech Mahindra also signed an agreement BASF to acquire the IT and consultancy services business of the chemical giant in a bid to strengthen its presence in Western Europe.

At 09:35 a.m.; Tech Mahindra was trading 1.8 per cent higher at Rs 1855.15. It hit a low of Rs 1838.45 and a high of Rs 1862.80 in trade today.

United Spirits was trading 1.06 per cent higher at Rs 2389.95. It hit a low of Rs 2386 and a high of Rs 2414 in trade today.

Ranbaxy Laboratories was trading 1.4 per cent lower at Rs 362.35. It hit a low of Rs 361 and a high of Rs 366.90 in trade today.

Jaiprakash Associates was trading 1.1 per cent lower at Rs 40.05. It hit a low of Rs 39.80 and a high of Rs 40.50 in trade today.