>Fri Sep 28, 2007
* Rallis India Ltd (RALL.BO: Quote) extended its run up to a 52-week high of 459 rupees after the agrochemicals maker said it had agreed to sell land near Hyderabad for 900 million rupees to an associate of Peninsula Land Ltd (PENL.BO: Quote). Rallis shares are trading 14.2 percent up at 451 rupees.
* Textile firm Arvind Mills Ltd (ARMI.BO: Quote) extended gains after its board approved issue of 50.6 million warrants, to be converted into equity shares at 52 rupees a share, to the founders of the company. Shares in the company were up 8.7 percent at 63.25 rupees.
* Construction firm Atlanta Ltd (ATLT.BO: Quote) jumped 10 percent, the maximum daily limit, to 346.70 rupees after India's market regulator on Thursday allowed the firm to restructure its capital to raise funds for expansion. In February, the market regulator had banned Atlanta firm issuing fresh shares or any other instrument convertible into shares.
* Whirlpool of India Ltd (WHIR.BO: Quote) jumped nearly 20 percent, its daily maximum limit, to 47.10 rupees after a block deal was struck for 7.25 percent shares at 33 rupees each on the BSE. The shares have eased to 45 rupees, up 14.7 percent.
* Brady & Morris Engineering Co Ltd (BMEC.BO: Quote) hit the upper circuit of 20 percent at 191.20 rupees after the company's board approved a 1-for-2 bonus stock issue.
>Thu Sep 27, 2007
* Trading firm Emmsons International Ltd (EMMS.BO: Quote) extended gains and was up 20 percent at 56.40 rupees after the company said it signed an initial deal with Dubai's ETA Star Group for a coal-mining joint venture in Indonesia.
* Plastics and textile maker Sintex Industries Ltd (SNTX.BO: Quote) rose after block deals of 16.07 million shares, or 13.51 percent of the company's equity, in the price range of 355-356 rupees. Shares in the company were up 3 percent at 365.50 rupees. Lightwood Investments, a unit of private equity firm Warburg Pincus, holds 26.42 percent in Sintex at the end of June quarter, according to BSE Web site.
* Subhash Projects & Marketing Ltd (SUBH.BO: Quote) stretched gains to a life high of 300 rupees after the construction and engineering firm said it secured orders totaling 3.53 billion rupees. The shares are now trading at 295.50 rupees, 5.7 percent higher from Wednesday's close.
* State Trading Corp of India (STCI.BO: Quote) opened nearly 5 percent lower, its daily limit, at 359.85 rupees after the state-run firm's board deferred a decision on its bonus share issue plan to its next meeting.
* Prime Focus Ltd (PRFO.BO: Quote) extended gains to hit a high of 1059.85 rupees after the company agreed to buy the post-production unit of UTV Software Communications Ltd (UTVS.BO: Quote) for an undisclosed sum. The shares have eased to 1,040 rupees, up 3 percent from previous close, on low volumes. UTV Shares were up 1.6 percent at 621 rupees.
>Wed Sep 26, 2007 Sensex at 7000
* Auto parts maker Banco Products Ltd (BNCO.BO: Quote) extended gains after its board approved a 5-for-1 stock split and a preferential share issue to Japan Metal Gasket Ltd at 150 rupees each. Shares in the company were up 13.2 percent at 175 rupees.
* Software services firm like Infosys Technologies Ltd (INFY.BO: Quote),Wipro Ltd (WIPR.BO: Quote), Tata Consultancy Services Ltd (TCS.BO: Quote)and Satyam Computer Services Ltd (SATY.BO: Quote) are up 2.9 to 4.6 percent on short covering in the derivatives market ahead of the expiry on Thursday. Traders said huge short positions were created in the past few
months and this was being covered after the central bank announced policy decision on Tuesday to curb rising rupee against dollar. (1:35 p.m.)
* Software services firm Core Projects & Technologies Ltd (CORE.BO: Quote) extended gains after it announced plans to buy two UK-based firms, Azzurri Education and Hamlet Computer Group, and KC Management Group of the United States for about $45 million. Shares in the company were up 3.4 percent at 199.50 rupees.
* B.A.G Films & Media Ltd (BAGF.BO: Quote) hit a 52-week peak of 68.40 rupees after the media firm's board approved the issue of 10.379 million shares to a unit of Fidelity funds at an undisclosed price. The shares later eased to 68 rupees, still up 4.4 percent from the previous close.
* IOL Chemicals & Pharmaceuticals Ltd (IOLC.BO: Quote) was up 5 percent at a year-high of 98.70 rupees after the company's board approved a 1.8-billion-rupee capacity expansion and an issue of up to 1.33 billion shares to Indiastar (Mauritius) Ltd at 75 rupees each.
* Indiabulls Real Estate Ltd (INRL.BO: Quote) was up 6.6 percent at 611 rupees after its board approved raising 23.22 billion rupees through issue of convertible warrants to founders at 540 rupees each. The company said it plans to invest in power and wholesale businesses, and a newspaper report said the group would also apply for telecom licences.
* Praj Industries Ltd (PRAJ.BO: Quote), at 251 rupees, eased off highs after 13.46 million shares, or 8.03 percent of the company's equity, changed hands in a block deal on the BSE, at 253 rupees a share. Details of the parties involved were not immediately available, but brokers said a wealthy investor, who was earlier a director in the company, was likely to be one of the sellers.
Tuesday September 25 2007
* Gremach Infrastructure Equipments & Projects Ltd (GRIN.BO: Quote) extended gains to a new high of 266.60 rupees after the company said it had taken stake in 11 coal mines in Mozambique. The shares were trading at 266.20 rupees, up 4.8 percent.
* Vikash Metal & Power Ltd (VMPL.BO: Quote) extended gains to a high of 20.90 rupees after the company said it received approval for a captive power plant project that will generate 55,000 carbon credits annually. The stock later eased to 20.30 rupees, still up 3.3 percent.
* BAG Films & Media Ltd (BAGF.BO: Quote) rose by its maximum daily limit of 5 percent to 65.15 rupees after the Economic Times reported that Fidelity International has picked up a 10 percent stake in the company.The board is due to meet on Tuesday afternoon to consider a preferential share and warrant issue. A top official declined comment.
* Hanung Toys & Textiles Ltd (HATT.BO: Quote) jumped 10.2 percent to the day's high of 170 rupees on news the company had tied up export orders worth $50 million with a U.S.-based buyer. The shares are trading 7.5 percent higher at 165.90 rupees.
* Jai Corp Ltd (JAIC.BO: Quote) rose by its daily maximum limit of 5percent to an all-time high of 11,424.55 rupees, after the cold-rolled steel maker said its board approved acquisition of the manufacturing unit of Pet Fibres Ltd and Prime Wovens Ltd.
Monday, September 24 , 2007
* Unitech Ltd (UNTE.BO: Quote) rose nearly 6 percent to a new high of
357.50 rupees after the real estate firm said eight of its subsidiaries
plan to apply for telecom licences in 22 of the 23 circles that form the
national market. The shares have eased to 347.30 rupees, still up nearly 3
percent from the previous close.
* Adhunik Metals Ltd (ADME.BO: Quote) was up 4.25 percent at 97 rupees
after the alloy steel maker said its board approved acquiring a majority
stake in V Cube Forge (India) Ltd for an undisclosed sum. The share
earlier touched a high of 98.50 rupees.
* Sugar producer GMR Industries Ltd (GMRT.BO: Quote) was trading at 206.40
rupees on relisting after hiving off its ferro alloys division to a
separate company. The share had a base price of 172 rupees.
© Reuters 2007. All Rights Reserved.
* Rallis India Ltd (RALL.BO: Quote) extended its run up to a 52-week high of 459 rupees after the agrochemicals maker said it had agreed to sell land near Hyderabad for 900 million rupees to an associate of Peninsula Land Ltd (PENL.BO: Quote). Rallis shares are trading 14.2 percent up at 451 rupees.
* Textile firm Arvind Mills Ltd (ARMI.BO: Quote) extended gains after its board approved issue of 50.6 million warrants, to be converted into equity shares at 52 rupees a share, to the founders of the company. Shares in the company were up 8.7 percent at 63.25 rupees.
* Construction firm Atlanta Ltd (ATLT.BO: Quote) jumped 10 percent, the maximum daily limit, to 346.70 rupees after India's market regulator on Thursday allowed the firm to restructure its capital to raise funds for expansion. In February, the market regulator had banned Atlanta firm issuing fresh shares or any other instrument convertible into shares.
* Whirlpool of India Ltd (WHIR.BO: Quote) jumped nearly 20 percent, its daily maximum limit, to 47.10 rupees after a block deal was struck for 7.25 percent shares at 33 rupees each on the BSE. The shares have eased to 45 rupees, up 14.7 percent.
* Brady & Morris Engineering Co Ltd (BMEC.BO: Quote) hit the upper circuit of 20 percent at 191.20 rupees after the company's board approved a 1-for-2 bonus stock issue.
>Thu Sep 27, 2007
* Trading firm Emmsons International Ltd (EMMS.BO: Quote) extended gains and was up 20 percent at 56.40 rupees after the company said it signed an initial deal with Dubai's ETA Star Group for a coal-mining joint venture in Indonesia.
* Plastics and textile maker Sintex Industries Ltd (SNTX.BO: Quote) rose after block deals of 16.07 million shares, or 13.51 percent of the company's equity, in the price range of 355-356 rupees. Shares in the company were up 3 percent at 365.50 rupees. Lightwood Investments, a unit of private equity firm Warburg Pincus, holds 26.42 percent in Sintex at the end of June quarter, according to BSE Web site.
* Subhash Projects & Marketing Ltd (SUBH.BO: Quote) stretched gains to a life high of 300 rupees after the construction and engineering firm said it secured orders totaling 3.53 billion rupees. The shares are now trading at 295.50 rupees, 5.7 percent higher from Wednesday's close.
* State Trading Corp of India (STCI.BO: Quote) opened nearly 5 percent lower, its daily limit, at 359.85 rupees after the state-run firm's board deferred a decision on its bonus share issue plan to its next meeting.
* Prime Focus Ltd (PRFO.BO: Quote) extended gains to hit a high of 1059.85 rupees after the company agreed to buy the post-production unit of UTV Software Communications Ltd (UTVS.BO: Quote) for an undisclosed sum. The shares have eased to 1,040 rupees, up 3 percent from previous close, on low volumes. UTV Shares were up 1.6 percent at 621 rupees.
>Wed Sep 26, 2007 Sensex at 7000
* Auto parts maker Banco Products Ltd (BNCO.BO: Quote) extended gains after its board approved a 5-for-1 stock split and a preferential share issue to Japan Metal Gasket Ltd at 150 rupees each. Shares in the company were up 13.2 percent at 175 rupees.
* Software services firm like Infosys Technologies Ltd (INFY.BO: Quote),Wipro Ltd (WIPR.BO: Quote), Tata Consultancy Services Ltd (TCS.BO: Quote)and Satyam Computer Services Ltd (SATY.BO: Quote) are up 2.9 to 4.6 percent on short covering in the derivatives market ahead of the expiry on Thursday. Traders said huge short positions were created in the past few
months and this was being covered after the central bank announced policy decision on Tuesday to curb rising rupee against dollar. (1:35 p.m.)
* Software services firm Core Projects & Technologies Ltd (CORE.BO: Quote) extended gains after it announced plans to buy two UK-based firms, Azzurri Education and Hamlet Computer Group, and KC Management Group of the United States for about $45 million. Shares in the company were up 3.4 percent at 199.50 rupees.
* B.A.G Films & Media Ltd (BAGF.BO: Quote) hit a 52-week peak of 68.40 rupees after the media firm's board approved the issue of 10.379 million shares to a unit of Fidelity funds at an undisclosed price. The shares later eased to 68 rupees, still up 4.4 percent from the previous close.
* IOL Chemicals & Pharmaceuticals Ltd (IOLC.BO: Quote) was up 5 percent at a year-high of 98.70 rupees after the company's board approved a 1.8-billion-rupee capacity expansion and an issue of up to 1.33 billion shares to Indiastar (Mauritius) Ltd at 75 rupees each.
* Indiabulls Real Estate Ltd (INRL.BO: Quote) was up 6.6 percent at 611 rupees after its board approved raising 23.22 billion rupees through issue of convertible warrants to founders at 540 rupees each. The company said it plans to invest in power and wholesale businesses, and a newspaper report said the group would also apply for telecom licences.
* Praj Industries Ltd (PRAJ.BO: Quote), at 251 rupees, eased off highs after 13.46 million shares, or 8.03 percent of the company's equity, changed hands in a block deal on the BSE, at 253 rupees a share. Details of the parties involved were not immediately available, but brokers said a wealthy investor, who was earlier a director in the company, was likely to be one of the sellers.
Tuesday September 25 2007
* Gremach Infrastructure Equipments & Projects Ltd (GRIN.BO: Quote) extended gains to a new high of 266.60 rupees after the company said it had taken stake in 11 coal mines in Mozambique. The shares were trading at 266.20 rupees, up 4.8 percent.
* Vikash Metal & Power Ltd (VMPL.BO: Quote) extended gains to a high of 20.90 rupees after the company said it received approval for a captive power plant project that will generate 55,000 carbon credits annually. The stock later eased to 20.30 rupees, still up 3.3 percent.
* BAG Films & Media Ltd (BAGF.BO: Quote) rose by its maximum daily limit of 5 percent to 65.15 rupees after the Economic Times reported that Fidelity International has picked up a 10 percent stake in the company.The board is due to meet on Tuesday afternoon to consider a preferential share and warrant issue. A top official declined comment.
* Hanung Toys & Textiles Ltd (HATT.BO: Quote) jumped 10.2 percent to the day's high of 170 rupees on news the company had tied up export orders worth $50 million with a U.S.-based buyer. The shares are trading 7.5 percent higher at 165.90 rupees.
* Jai Corp Ltd (JAIC.BO: Quote) rose by its daily maximum limit of 5percent to an all-time high of 11,424.55 rupees, after the cold-rolled steel maker said its board approved acquisition of the manufacturing unit of Pet Fibres Ltd and Prime Wovens Ltd.
Monday, September 24 , 2007
* Unitech Ltd (UNTE.BO: Quote) rose nearly 6 percent to a new high of
357.50 rupees after the real estate firm said eight of its subsidiaries
plan to apply for telecom licences in 22 of the 23 circles that form the
national market. The shares have eased to 347.30 rupees, still up nearly 3
percent from the previous close.
* Adhunik Metals Ltd (ADME.BO: Quote) was up 4.25 percent at 97 rupees
after the alloy steel maker said its board approved acquiring a majority
stake in V Cube Forge (India) Ltd for an undisclosed sum. The share
earlier touched a high of 98.50 rupees.
* Sugar producer GMR Industries Ltd (GMRT.BO: Quote) was trading at 206.40
rupees on relisting after hiving off its ferro alloys division to a
separate company. The share had a base price of 172 rupees.
© Reuters 2007. All Rights Reserved.
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