MUMBAI: IT networking related companies were in limelight on hopes of getting big orders following Prime Minister Narendra Modi's Digital India programme.
The cabinet on Wednesday approved the ambitious Digital India programme that aims to connect all gram panchayats by broadband internet, promote e-governance and transform India into a connected knowledge economy.
The Programme, which would be implemented in a phased manner by 2019, is estimated to cost about Rs 113,000 crore, including ongoing schemes being run by the telecom department and Department of Electronics and Information Technology (DeitY), as well as on new schemes.
"Digital India is a program to prepare India for a knowledge future," says a presentation on the program to the cabinet by DeitY. "The focus is on making technology central to enabling change".
At 02:00 p.m.; CMC was at Rs 1,921, up 2.95 per cent, on the BSE. It surged 5 per cent to touch intraday high of Rs 1,960.50.
Sterlite Technologies was at Rs 60.35, up 4.96 per cent, on the BSE. It rallied 5.06 per cent to touch intradat high of Rs 60.35.
D-link was at Rs 98.95, up 2.91 per cent, on the BSE. It moved up 1.45 per cent to touch intraday high of Rs 104.30.
Vakrangee was at Rs 133.90, up 2.92 per cent, on the BSE. It touched advanced 6.45 per cent to touch intraday high of Rs 138.50.
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