Mumbai Stock Exchange October Week 2

India Hot Stocks: Exide Ind up after net profit rises 42 pct

Fri Oct 12, 2007 12:58 PM IST

(Adds Exide Ind)

MUMBAI, Oct 12 (Reuters) - The following stocks were on the move at the BSE on Friday. t 12:55 p.m. the benchmark 30-share BSE index <.BSESN> was down 0.74 percent at 18,674.37 points. The 50-share National Stock Exchange Index <.NSEI> was down 0.27 percent at 5,509.90 points.

* Automotive battery maker Exide Industries Ltd (EXID.BO: Quote) extended gains after its net profit rose 42 percent for the Sept quarter. The company reported a net profit of 622.4 million rupees from 437.4 million rupees a year ago. Shares in the company were up 6.3 percent at 73.50 rupees.

* Unity Infraprojects Ltd (UTIL.BO: Quote) touched a new 52-week high of 724 rupees after the company and joint venture partner Nagarjuna Construction Co Ltd ( NGCN.BO: Quote) won orders worth 2.25 billion rupees. The stock was trading at 718 rupees, up 6.7 percent.

* Rolta India Ltd (ROLT.BO: Quote) touched a new life high of 627 rupees after the software firm said its board will consider a bonus issue on October 22, along with the quarterly results. The stock was up 4.8 percent at 610 rupees.

India Hot Stocks: Infosys down after quarterly results

Thu Oct 11, 2007 10:26 AM IST

MUMBAI, Oct 11 (Reuters) - The following stocks were on the move at the BSE on Thursday. At 10:14 a.m. the benchmark 30-share BSE index <.BSESN> was up 0.34 percent at 18,721.91 points. The 50-share National Stock Exchange Index <.NSEI> was up 0.40 percent at 5,463.40 points.

* Software services exporter Infosys Technologies Ltd (INFY.BO: Quote) was the biggest loser on the Sensex, down 5.2 percent at 2,015 rupees, after it posted an 18 percent rise in July-September net profit to 11 billion rupees, near market expectations. Software firms Tata Consultancy Services ( TCS.BO: Quote ), Wipro (WIPR.BO: Quote) and Satyam Computer Services <SATY.BO ) were also down 2-3 percent.

* Real estate firm DLF Ltd (DLF.BO: Quote) touched a new high of 919.90 rupees ahead of its board meeting later on Thursday to consider overseas acquisitions and fund raising offshore. The stock was off highs at 916 rupees, up 2.7 percent.

India Hot Stocks: Lupin extends gain after Japanese acquisition

Wed Oct 10, 2007 12:58 PM IST

MUMBAI, Oct 10 (Reuters) - The following stocks were on the move at the BSE on Wednesday. At 12:56 p.m. the benchmark 30-share BSE index <.BSESN> was up 1.8 percent at 18,609.76 points. The 50-share National Stock Exchange Index <.NSEI> was up 2 percent at 5,433.70 points.

* Drug maker Lupin Ltd (LUPN.BO: Quote) extended gains after it acquired Japanese generic drug maker Kyowa Pharmaceutical Industry Co Ltd. Shares in the company were up 2.8 percent at 601.50 rupees.

* Bharti Airtel Ltd (BRTI.BO: Quote) hit a new high of 1,149 rupees after the Reserve Bank of India allowed foreign fund buying in the mobile operator as their holding had dropped below the limit. The shares have eased to 1,082 rupees, still up 4 percent.

* Stocks of sugar producers including Shree Renuka Sugars Ltd (SRES.BO: Quote), Balrampur Chini Mills ( BACH.BO: Quote) and Bajaj Hindusthan (BJHN.BO : Quote ) were up 14-18 percent after India's cabinet allowed them to manufacture ethanol directly from sugarcane juice.

* Software services firm iGate Global Solutions Ltd (IGAT.BO: Quote) was up by its maximum daily limit of 10 percent to 348.80 rupees after its U.S-based parent iGate Corp (IGTE.BO: Quote) said it plans to delist the Indian unit.

India Hot Stocks: Prime Securities extends gain on buyback plan

Tue Oct 9, 2007 3:36 PM IST

MUMBAI, Oct 9 (Reuters) - The following stocks were on the move at the BSE on Tuesday. At 3:33 p.m. the benchmark 30-share BSE index <.BSESN> was up 3.75 percent at 18,148.19 points. The 50-share National Stock Exchange Index <.NSEI> was up 3.89 percent at 5,282.75 points.

* Prime Securities Ltd (PRME.BO: Quote) extended gains to hit a day's high of 98 rupees after the brokerage said its board would meet on November 3 to consider a share buyback. Its July-Sept net profit more than doubled to 145.8 million rupees. The shares have eased to 95.90 rupees, up 5.7 percent.

* Prism Cement Ltd (PRIS.BO: Quote) extended gains after its net profit surged for the September quarter. The firm reported net profit of 518.4 million rupees for September quarter, compared with 221.5 million rupees a year ago. Shares in the portland cement maker were up 7.9 percent at 65 rupees.

* IFCI Ltd (IFCI.NS: Quote ) and Nagarjuna Fertilizers & Chemicals Ltd (NGFR.NS: Quote) shares were up more than 6 percent and Tata Teleservices Maharashtra Ltd (TTML.NS: Quote) was up nearly 3 percent after the National Stock Exchange allowed fresh derivatives positions in these companies.

* Sugar companies Bajaj Hindusthan Ltd (BJHN.BO: Quote) and Balrampur Chinni Mills Ltd (BACH.BO : Quote ) down 2-3 percent after the International Sugar Organization said India's exportable sugar surplus would make significant price rises unlikely.

* Intellvisions Software Ltd (ITVS.BO: Quote) continued to rise 20 percent for second day in row after it said its board would meet on Oct 15 to consider various acquisition proposals and a preferential issue of warrants to the promoter of the company.

© Reuters 2007.

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