Friday, September 21 , 2007
* Top beer maker United Breweries Ltd (UBBW.BO: Quote) extended gains after it said its board will meet on September 28 to consider a rights share issue. Shares in the company were up 12.5 percent at 365 rupees.
* Cairn India Ltd (CAIL.BO: Quote) rose 3.1 percent to 180.25 rupees after its chairman said the firm has no plans to raise additional equity in India and has funds to meet capital requirement.
* Power trading firm PTC India (PTCI.BO: Quote) jumped 7.6 percent to 90.75 rupees after its plans to take 26 percent in a power exchange planned by software firm Financial Technologies India Ltd (FITE.BO:Quote). Shares in Financial Tech rose 2.2 percent to 2,750 rupees. The
exchange got the electricity regulator's approval on Thursday.
* Tezpore Tea Co Ltd (TEZT.BO: Quote) rose by its maximum daily limit of 10 percent after the company said it had entered into a deal to sell its Merryview tea estate to Dalmia Tea Plantations & Industries for an undisclosed sum. The share was at 42.60 rupees.
* Ambuja Cements Ltd (GACM.BO: Quote) extended gains after 63.5 million shares, or 4.17 percent of the company's equity, changed hands in a block deal on the BSE at 148 rupees each. The share was trading at 149 rupees, up 2 percent.
Thu Sep 20, 2007 2:07 PM IST
* Simplex Infrastructures Ltd (SINF.BO: Quote) extended gains to touch a high of 409 rupees after the construction firm said it had secured orders worth 8.02 billion rupees. The stock is up 5.2 percent at 406 rupees.
* Real estate firms like DLF (DLF.BO: Quote), Unitech (UNTE.BO: Quote), Parsvnath Developers (PARV.BO: Quote),
Ansal Properties & Infrastructure (ANSP.BO: Quote) and Puravankara Projects (PPRO.BO: Quote) are up 2.75-12.2 percent on expectation of softer interest rates after U.S. Federal Reserve cut the rate by half percentage point.
Traders said soft interest rates would increase demand for properties.
* Surana Telecom Ltd (SURT.BO: Quote) extended gains after it received a 120-million-rupee cable order from state-run Bharat Sanchar Nigam Ltd. The stock was trading at 35 rupees, up 4.8 percent.
* Cable maker Bhagyanagar India Ltd (BHIL.BO: Quote) extended gains after the company said it had secured a 350-million-rupee telecom cable order from state-owned Bharat Sanchar Nigam Ltd. The stock was up 2.5 percent at 49.90 rupees.
* Multiplexes operator Pyramid Saimira Theatre Ltd (PYSA.BO: Quote) jumped 9.1 percent to 367.50 rupees after Business Standard daily reported private equity firms Carlyle Group and Citigroup Venture Capital International are in the race to buy 15 percent in the firm. Company officials were not immediately available for comments.
* Paper maker Magnum Ventures Ltd (MGNM.BO: Quote) listed at a premium of 23 percent to the issue price of 30 rupees a share. Shares in the company touched a high of 66.70 rupees and low of 36.95 rupees, and were trading at 58.80 rupees.
Wednesday, September 19 2007
* Bank shares like State Bank of India (SBI.BO: Quote), ICICI Bank Ltd (ICBK.BO: Quote), HDFC Bank Ltd (HDBK.BO: Quote) and Punjab National Bank (PNBK.BO: Quote) are up 2.5-4 percent after the U.S. Federal Reserve cut the benchmark rate by half-percentage point to 4.75 percent for the first time in the last four years.
* Drugs and chemicals maker Jubilant Organosys Ltd (JUBO.BO: Quote) jumped 3.7 percent to 302 rupees after it extended its contract with Syngenta (SYNN.VX: Quote) for the supply of pyridines, a raw material for several drugs and agro-chemicals.
* State-run State Trading Corp of India Ltd (STCI.BO: Quote) extended gains after it said its board would meet on Sept 26 to consider issue of 1-for1 bonus shares. Shares in the company were up 20 percent, its maximum daily limit, at 238.35 rupees.
* Software firm KLG Systel Ltd (KLGS.BO: Quote) extended gains after it secured orders worth 325 million rupees from Haryana state government for implementation of high-voltage distribution system. Shares in the company were up 6.6 percent at 540 rupees.
* Media Video Ltd (MEDV.BO: Quote) jumped 18 percent to 60 rupees after Delhi High Court approved the spin off of its real estate division to MVL Infrastructure Ltd. The court also approved merger of six other companies with MVL Infrastructure.
* Lanco Infratech Ltd (LAIN.BO: Quote) rose 3.4 percent to 327.10 rupees after it entered into a preliminary deal with UAE's Gulftainer Co Ltd to jointly work on port and transport projects.
* Neyveli Lignite Corp Ltd (NELG.BO: Quote) (NELG.NS: Quote) fell 2 percent to 97.50 rupees after National Stock Exchange banned taking fresh positions in the derivatives contracts of the state-run mining and power firm.
* Indian Hotels Co Ltd (IHTL.BO: Quote) touched a high of 136 rupees after it paid $211.3 million for a 10 percent stake in Orient-Express Hotels Ltd (OEH.N: Quote). Shares in the company later eased, but were still up 2.01 percent at 132.25 rupees.
* Nagreeka Capital & Infrastructure Ltd (NCIL.BO: Quote), the spun-off unit from Nagreeka Exports Ltd (NAGR.BO: Quote), made its debut at 114 rupees a share on the BSE. At the current price there are only buyers for the firm's shares. Shareholders of Nagreeka Exports received one share of the Nagreeka Capital for each held.
Tuesday September 18, 2007
* State-run State Trading Corp of India Ltd (STCI.BO: Quote) extended gains after it said its board would meet on Sept 26 to consider issue of 1-for1 bonus shares. Shares in the company were up 20 percent, its maximum daily limit, at 238.35 rupees.
* Software firm KLG Systel Ltd (KLGS.BO: Quote) extended gains after it secured orders worth 325 million rupees from Haryana state government for implementation of high-voltage distribution system. Shares in the company were up 6.6 percent at 540 rupees.
* Media Video Ltd (MEDV.BO: Quote) jumped 18 percent to 60 rupees after Delhi High Court approved the spin off of its real estate division to MVL Infrastructure Ltd. The court also approved merger of six other companies with MVL Infrastructure.
* Lanco Infratech Ltd (LAIN.BO: Quote) rose 3.4 percent to 327.10 rupees after it entered into a preliminary deal with UAE's Gulftainer Co Ltd to jointly work on port and transport projects.
* Neyveli Lignite Corp Ltd (NELG.BO: Quote) (NELG.NS: Quote) fell 2 percent to 97.50 rupees after National Stock Exchange banned taking fresh positions in the derivatives contracts of the state-run mining and power firm.
* Indian Hotels Co Ltd (IHTL.BO: Quote) touched a high of 136 rupees after it paid $211.3 million for a 10 percent stake in Orient-Express Hotels Ltd (OEH.N: Quote). Shares in the company later eased, but were still up 2.01 percent at 132.25 rupees.
* Nagreeka Capital & Infrastructure Ltd (NCIL.BO: Quote), the spun-off unit from Nagreeka Exports Ltd (NAGR.BO: Quote), made its debut at 114 rupees a share on the BSE. At the current price there are only buyers for the firm's shares. Shareholders of Nagreeka Exports received one share of the Nagreeka Capital for each held.
* Top beer maker United Breweries Ltd (UBBW.BO: Quote) extended gains after it said its board will meet on September 28 to consider a rights share issue. Shares in the company were up 12.5 percent at 365 rupees.
* Cairn India Ltd (CAIL.BO: Quote) rose 3.1 percent to 180.25 rupees after its chairman said the firm has no plans to raise additional equity in India and has funds to meet capital requirement.
* Power trading firm PTC India (PTCI.BO: Quote) jumped 7.6 percent to 90.75 rupees after its plans to take 26 percent in a power exchange planned by software firm Financial Technologies India Ltd (FITE.BO:Quote). Shares in Financial Tech rose 2.2 percent to 2,750 rupees. The
exchange got the electricity regulator's approval on Thursday.
* Tezpore Tea Co Ltd (TEZT.BO: Quote) rose by its maximum daily limit of 10 percent after the company said it had entered into a deal to sell its Merryview tea estate to Dalmia Tea Plantations & Industries for an undisclosed sum. The share was at 42.60 rupees.
* Ambuja Cements Ltd (GACM.BO: Quote) extended gains after 63.5 million shares, or 4.17 percent of the company's equity, changed hands in a block deal on the BSE at 148 rupees each. The share was trading at 149 rupees, up 2 percent.
Thu Sep 20, 2007 2:07 PM IST
* Simplex Infrastructures Ltd (SINF.BO: Quote) extended gains to touch a high of 409 rupees after the construction firm said it had secured orders worth 8.02 billion rupees. The stock is up 5.2 percent at 406 rupees.
* Real estate firms like DLF (DLF.BO: Quote), Unitech (UNTE.BO: Quote), Parsvnath Developers (PARV.BO: Quote),
Ansal Properties & Infrastructure (ANSP.BO: Quote) and Puravankara Projects (PPRO.BO: Quote) are up 2.75-12.2 percent on expectation of softer interest rates after U.S. Federal Reserve cut the rate by half percentage point.
Traders said soft interest rates would increase demand for properties.
* Surana Telecom Ltd (SURT.BO: Quote) extended gains after it received a 120-million-rupee cable order from state-run Bharat Sanchar Nigam Ltd. The stock was trading at 35 rupees, up 4.8 percent.
* Cable maker Bhagyanagar India Ltd (BHIL.BO: Quote) extended gains after the company said it had secured a 350-million-rupee telecom cable order from state-owned Bharat Sanchar Nigam Ltd. The stock was up 2.5 percent at 49.90 rupees.
* Multiplexes operator Pyramid Saimira Theatre Ltd (PYSA.BO: Quote) jumped 9.1 percent to 367.50 rupees after Business Standard daily reported private equity firms Carlyle Group and Citigroup Venture Capital International are in the race to buy 15 percent in the firm. Company officials were not immediately available for comments.
* Paper maker Magnum Ventures Ltd (MGNM.BO: Quote) listed at a premium of 23 percent to the issue price of 30 rupees a share. Shares in the company touched a high of 66.70 rupees and low of 36.95 rupees, and were trading at 58.80 rupees.
Wednesday, September 19 2007
* Bank shares like State Bank of India (SBI.BO: Quote), ICICI Bank Ltd (ICBK.BO: Quote), HDFC Bank Ltd (HDBK.BO: Quote) and Punjab National Bank (PNBK.BO: Quote) are up 2.5-4 percent after the U.S. Federal Reserve cut the benchmark rate by half-percentage point to 4.75 percent for the first time in the last four years.
* Drugs and chemicals maker Jubilant Organosys Ltd (JUBO.BO: Quote) jumped 3.7 percent to 302 rupees after it extended its contract with Syngenta (SYNN.VX: Quote) for the supply of pyridines, a raw material for several drugs and agro-chemicals.
* State-run State Trading Corp of India Ltd (STCI.BO: Quote) extended gains after it said its board would meet on Sept 26 to consider issue of 1-for1 bonus shares. Shares in the company were up 20 percent, its maximum daily limit, at 238.35 rupees.
* Software firm KLG Systel Ltd (KLGS.BO: Quote) extended gains after it secured orders worth 325 million rupees from Haryana state government for implementation of high-voltage distribution system. Shares in the company were up 6.6 percent at 540 rupees.
* Media Video Ltd (MEDV.BO: Quote) jumped 18 percent to 60 rupees after Delhi High Court approved the spin off of its real estate division to MVL Infrastructure Ltd. The court also approved merger of six other companies with MVL Infrastructure.
* Lanco Infratech Ltd (LAIN.BO: Quote) rose 3.4 percent to 327.10 rupees after it entered into a preliminary deal with UAE's Gulftainer Co Ltd to jointly work on port and transport projects.
* Neyveli Lignite Corp Ltd (NELG.BO: Quote) (NELG.NS: Quote) fell 2 percent to 97.50 rupees after National Stock Exchange banned taking fresh positions in the derivatives contracts of the state-run mining and power firm.
* Indian Hotels Co Ltd (IHTL.BO: Quote) touched a high of 136 rupees after it paid $211.3 million for a 10 percent stake in Orient-Express Hotels Ltd (OEH.N: Quote). Shares in the company later eased, but were still up 2.01 percent at 132.25 rupees.
* Nagreeka Capital & Infrastructure Ltd (NCIL.BO: Quote), the spun-off unit from Nagreeka Exports Ltd (NAGR.BO: Quote), made its debut at 114 rupees a share on the BSE. At the current price there are only buyers for the firm's shares. Shareholders of Nagreeka Exports received one share of the Nagreeka Capital for each held.
Tuesday September 18, 2007
* State-run State Trading Corp of India Ltd (STCI.BO: Quote) extended gains after it said its board would meet on Sept 26 to consider issue of 1-for1 bonus shares. Shares in the company were up 20 percent, its maximum daily limit, at 238.35 rupees.
* Software firm KLG Systel Ltd (KLGS.BO: Quote) extended gains after it secured orders worth 325 million rupees from Haryana state government for implementation of high-voltage distribution system. Shares in the company were up 6.6 percent at 540 rupees.
* Media Video Ltd (MEDV.BO: Quote) jumped 18 percent to 60 rupees after Delhi High Court approved the spin off of its real estate division to MVL Infrastructure Ltd. The court also approved merger of six other companies with MVL Infrastructure.
* Lanco Infratech Ltd (LAIN.BO: Quote) rose 3.4 percent to 327.10 rupees after it entered into a preliminary deal with UAE's Gulftainer Co Ltd to jointly work on port and transport projects.
* Neyveli Lignite Corp Ltd (NELG.BO: Quote) (NELG.NS: Quote) fell 2 percent to 97.50 rupees after National Stock Exchange banned taking fresh positions in the derivatives contracts of the state-run mining and power firm.
* Indian Hotels Co Ltd (IHTL.BO: Quote) touched a high of 136 rupees after it paid $211.3 million for a 10 percent stake in Orient-Express Hotels Ltd (OEH.N: Quote). Shares in the company later eased, but were still up 2.01 percent at 132.25 rupees.
* Nagreeka Capital & Infrastructure Ltd (NCIL.BO: Quote), the spun-off unit from Nagreeka Exports Ltd (NAGR.BO: Quote), made its debut at 114 rupees a share on the BSE. At the current price there are only buyers for the firm's shares. Shareholders of Nagreeka Exports received one share of the Nagreeka Capital for each held.
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