STOCKS ON THE MOVE
* Tata Tea Ltd. rose to a 52-week high of 990 rupees after it agreed to sell its 30 percent stake in U.S. vitamin water maker Glaceau to Coca Cola Co. for $1.2 billion. The stock was trading up 4 percent at 950.40 rupees.
* Retail brokerage India Infoline Ltd. jumped 31.2 percent to 585 rupees after four top officials from rival brokerage CLSA India joined the company. Brokers said this would help the firm significantly expand its client base.
* Auto parts maker Omax Autos Ltd. gained nearly 3 percent to 92.70 rupees after its board approved selling a part of its stake in subsidiary Omax Steels Ltd.
* Binani Cement Ltd. made its stock market debut at
79 rupees, up 5.3 percent from its issue price of 75 rupees. The stocks were trading at 67.95 rupees.
TOP THREE BY VOLUME
* Reliance Natural Resources on 7.1 million shares.
* Reliance Petroleum Ltd. on 2.9 million shares.
* Binani Cement Ltd. on 2.8 million shares.
* Tata Tea Ltd. rose to a 52-week high of 990 rupees after it agreed to sell its 30 percent stake in U.S. vitamin water maker Glaceau to Coca Cola Co. for $1.2 billion. The stock was trading up 4 percent at 950.40 rupees.
* Retail brokerage India Infoline Ltd. jumped 31.2 percent to 585 rupees after four top officials from rival brokerage CLSA India joined the company. Brokers said this would help the firm significantly expand its client base.
* Auto parts maker Omax Autos Ltd. gained nearly 3 percent to 92.70 rupees after its board approved selling a part of its stake in subsidiary Omax Steels Ltd.
* Binani Cement Ltd. made its stock market debut at
79 rupees, up 5.3 percent from its issue price of 75 rupees. The stocks were trading at 67.95 rupees.
TOP THREE BY VOLUME
* Reliance Natural Resources on 7.1 million shares.
* Reliance Petroleum Ltd. on 2.9 million shares.
* Binani Cement Ltd. on 2.8 million shares.
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