Monday September 17
* Civil engineering firm McNally Bharat Engineering Co Ltd (MCNL.BO: Quote) extended gains after it received an order worth 2.59 billion rupees. Shares in the company were up 3.7 percent at 198 rupees.
* Software firm Subex Azure Ltd (SUBX.BO: Quote) fell 17 percent to 423.15 rupees after it reduced its products business net profit guidance for 2007/08 to 1.04 billion rupees from 1.55 billion rupees forecast earlier.
* Jewellery exporter Rajesh Exports Ltd (REXP.BO: Quote) jumped 14.4 percent to 834.70 rupees after the Economic Times reported diamond mining group De Beers and a U.S.-based buyout fund have separately shown interest in buying 51 percent of the firm from the founders. Rajesh Exports chairman Rajesh Mehta declined to comment on the report, but said there has been increased interest from foreign funds and a "lot of big ticket funds have been calling us regularly".
14th Friday September 2007
Shares of Tata Teleservices Maharashtra Ltd (TTML.BO: Quote) (TTML.NS: Quote), Escorts Ltd (ESCO.BO: Quote) (ESCO.NS: Quote), Bongaigaon Refinery & Petrochemicals Ltd (BNGR.BO: Quote) (BNGR.NS: Quote) and Oswal Chemicals & Fertilizers Ltd (OSCH.NS: Quote) are down 1.5-4 percent after National Stock Exchange banned creating fresh derivatives positions in these firms from Friday. Traders said the shares fell due to the closing of long postions in the derivatives contracts of these firms.
* Non-banking finance firm SREI Infrastructure Finance Ltd (SREI.BO: Quote) extened gains after a block deal of 2.52 million shares, or 2.31 percent of its equity. The deal was struck at 102.5 rupees a share. Shares in the company were up 6.8 percent at 106.50 rupees.
* Packaging firm Ess Dee Aluminium Ltd (ESDA.BO: Quote) jumped 6.9 percent to 509.85 rupees after the Business Standard newspaper reported the firm was in the race to buy Canadian Alcan Inc's (AL.TO: Quote) packaging business. Ess Dee could not be contacted immediately for comments.
* Indowind Energy Ltd (INWI.BO: Quote) made its debut at a 24 percent premium to the issue price of 65 rupees a share, but came off highs quickly. The firm's shares opened at 80.25 rupees and hit a low of 55.10 rupees. They were trading at 67.20 rupees.
MUMBAI, Thu, Sept 13
The 50-share National Stock Exchange Index <.NSEI> was up 0.7 percent at 4,528.55 points.
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* Kavveri Telecom Products Ltd (KATL.BO: Quote) shares rose by its daily maximum limit of 5 percent to 139.65 rupees after the company said it expects 2007/08 revenue to double to 1 billion rupees.
* Computer education firm NIIT Ltd (NIIT.BO: Quote) rose 5.9 percent to 164.20 rupees after a block deal of 2.61 million shares, or 2.14 pct of its equity. The block deal was struck at 155 rupees a share, data from BSE showed. Details of the buyers and sellers were not immediately known.
* Auto parts maker Banco Products India Ltd (BNCO.BO: Quote) rose 10 percent to 152.80 rupees after it said its board would meet on September 26 to consider a stock split.
* ABG Shipyard Ltd (ABGS.BO: Quote) rose 3.5 percent to 620.05 rupees after its plans to hold about 51 percent stake in Western India Shipyard Ltd (WSHP.BO: Quote). Shares in the Western India climbed 5 percent, its maximum daily limit, to 18.90 rupees.
* Drug maker Lupin Ltd (LUPN.BO: Quote) touched a high of 616.95 rupees on a U.S. federal appeals court ruling in favour of the Indian drug maker in a patent challenge against King Pharmaceuticals Inc's (KG.N: Quote) blood pressure drug, Altace. Lupin shares have eased to 610.95 rupees, up 2.9 percent.
* Aftek Ltd (AFTK.BO: Quote) shares rose by its maximum daily limit of 20 percent after Swiss firm, Seekport AG (3SK.F: Quote), listed on the Frankfurt stock exchange at 4.75 euros a share, valuing it at 475 million euros. An Aftek unit holds 24.75 percent in Seekport. Aftek shares were at 73.60 rupees.
* Real estate firm Unitech Ltd (UNTE.BO: Quote) was up 6.1 percent at 278.25 rupees, off a high of 282.10 rupees, on news the company's shares would replace Indian Petrochemicals Corp Ltd (IPCL.BO: Quote) on the 50-scrip Nifty index <.NSEI>.
Wed Sep 12, 2007
* Western India Shipyard Ltd (WSHP.BO: Quote) is up 5 percent at 18 rupees ahead of the company's board meeting for its revival and rehabilitation along with lenders and shipbuilder ABG Shipyard Ltd (ABGS.BO: Quote). The latter had bid to acquire the ailing repairing yard and ABG shares were also up 1.7 percent to 604 rupees.
* Packaging products makers Essel Propack Ltd (ESSL.BO: Quote) rose 8.8 percent to 68 rupees after the Economic Times newspaper reported the firm was in talk to acquire a packaging unit from Alcan Inc (AL.TO: Quote) for an undisclosed sum. Officials at both firms could not be contacted immediately for comments.
* Real estate firm Peninsula Land Ltd (PENL.BO: Quote) climbed 1.7 percent to 529.55 rupees after it struck a deal to sell 575,000 square feet of land at its Dawn Mills premises to Alok Infrastructure, a unit of Alok Industries Ltd (ALOK.BO: Quote) for 10.5 billion rupees.
* Civil engineering firm McNally Bharat Engineering Co Ltd (MCNL.BO: Quote) extended gains after it received an order worth 2.59 billion rupees. Shares in the company were up 3.7 percent at 198 rupees.
* Software firm Subex Azure Ltd (SUBX.BO: Quote) fell 17 percent to 423.15 rupees after it reduced its products business net profit guidance for 2007/08 to 1.04 billion rupees from 1.55 billion rupees forecast earlier.
* Jewellery exporter Rajesh Exports Ltd (REXP.BO: Quote) jumped 14.4 percent to 834.70 rupees after the Economic Times reported diamond mining group De Beers and a U.S.-based buyout fund have separately shown interest in buying 51 percent of the firm from the founders. Rajesh Exports chairman Rajesh Mehta declined to comment on the report, but said there has been increased interest from foreign funds and a "lot of big ticket funds have been calling us regularly".
14th Friday September 2007
Shares of Tata Teleservices Maharashtra Ltd (TTML.BO: Quote) (TTML.NS: Quote), Escorts Ltd (ESCO.BO: Quote) (ESCO.NS: Quote), Bongaigaon Refinery & Petrochemicals Ltd (BNGR.BO: Quote) (BNGR.NS: Quote) and Oswal Chemicals & Fertilizers Ltd (OSCH.NS: Quote) are down 1.5-4 percent after National Stock Exchange banned creating fresh derivatives positions in these firms from Friday. Traders said the shares fell due to the closing of long postions in the derivatives contracts of these firms.
* Non-banking finance firm SREI Infrastructure Finance Ltd (SREI.BO: Quote) extened gains after a block deal of 2.52 million shares, or 2.31 percent of its equity. The deal was struck at 102.5 rupees a share. Shares in the company were up 6.8 percent at 106.50 rupees.
* Packaging firm Ess Dee Aluminium Ltd (ESDA.BO: Quote) jumped 6.9 percent to 509.85 rupees after the Business Standard newspaper reported the firm was in the race to buy Canadian Alcan Inc's (AL.TO: Quote) packaging business. Ess Dee could not be contacted immediately for comments.
* Indowind Energy Ltd (INWI.BO: Quote) made its debut at a 24 percent premium to the issue price of 65 rupees a share, but came off highs quickly. The firm's shares opened at 80.25 rupees and hit a low of 55.10 rupees. They were trading at 67.20 rupees.
MUMBAI, Thu, Sept 13
The 50-share National Stock Exchange Index <.NSEI> was up 0.7 percent at 4,528.55 points.
-----------------------------------------------
* Kavveri Telecom Products Ltd (KATL.BO: Quote) shares rose by its daily maximum limit of 5 percent to 139.65 rupees after the company said it expects 2007/08 revenue to double to 1 billion rupees.
* Computer education firm NIIT Ltd (NIIT.BO: Quote) rose 5.9 percent to 164.20 rupees after a block deal of 2.61 million shares, or 2.14 pct of its equity. The block deal was struck at 155 rupees a share, data from BSE showed. Details of the buyers and sellers were not immediately known.
* Auto parts maker Banco Products India Ltd (BNCO.BO: Quote) rose 10 percent to 152.80 rupees after it said its board would meet on September 26 to consider a stock split.
* ABG Shipyard Ltd (ABGS.BO: Quote) rose 3.5 percent to 620.05 rupees after its plans to hold about 51 percent stake in Western India Shipyard Ltd (WSHP.BO: Quote). Shares in the Western India climbed 5 percent, its maximum daily limit, to 18.90 rupees.
* Drug maker Lupin Ltd (LUPN.BO: Quote) touched a high of 616.95 rupees on a U.S. federal appeals court ruling in favour of the Indian drug maker in a patent challenge against King Pharmaceuticals Inc's (KG.N: Quote) blood pressure drug, Altace. Lupin shares have eased to 610.95 rupees, up 2.9 percent.
* Aftek Ltd (AFTK.BO: Quote) shares rose by its maximum daily limit of 20 percent after Swiss firm, Seekport AG (3SK.F: Quote), listed on the Frankfurt stock exchange at 4.75 euros a share, valuing it at 475 million euros. An Aftek unit holds 24.75 percent in Seekport. Aftek shares were at 73.60 rupees.
* Real estate firm Unitech Ltd (UNTE.BO: Quote) was up 6.1 percent at 278.25 rupees, off a high of 282.10 rupees, on news the company's shares would replace Indian Petrochemicals Corp Ltd (IPCL.BO: Quote) on the 50-scrip Nifty index <.NSEI>.
Wed Sep 12, 2007
* Western India Shipyard Ltd (WSHP.BO: Quote) is up 5 percent at 18 rupees ahead of the company's board meeting for its revival and rehabilitation along with lenders and shipbuilder ABG Shipyard Ltd (ABGS.BO: Quote). The latter had bid to acquire the ailing repairing yard and ABG shares were also up 1.7 percent to 604 rupees.
* Packaging products makers Essel Propack Ltd (ESSL.BO: Quote) rose 8.8 percent to 68 rupees after the Economic Times newspaper reported the firm was in talk to acquire a packaging unit from Alcan Inc (AL.TO: Quote) for an undisclosed sum. Officials at both firms could not be contacted immediately for comments.
* Real estate firm Peninsula Land Ltd (PENL.BO: Quote) climbed 1.7 percent to 529.55 rupees after it struck a deal to sell 575,000 square feet of land at its Dawn Mills premises to Alok Infrastructure, a unit of Alok Industries Ltd (ALOK.BO: Quote) for 10.5 billion rupees.
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