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Sensex lifeline: high beeps and pratfalls

Sensex lifeline: high beeps and pratfalls
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First Published: Wed, Jul 01 2009. 10 38 PM IST
Updated: Wed, Jul 01 2009. 10 38 PM IST
Areva T&D (Up 7.90%)
Areva T&D India Ltd rose 7.7%. Areva Global told CNBC-TV18 that it has put Areva T&D for sale after the board approved the sale of T&D business globally.
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Shree Renuka (Up 3.76%)
Shree Renuka Sugar stock rose 3.76% after CBNC-TV18 reported the company may buy a Brazilian sugar firm for nearly $100 million. The deal will be funded by a recent QIP issue.
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SCI (Up 7.30%)
Shipping Corp. of India Ltd (SCI) shares rose 7.3% on market talks of divestment of the firm. The Centre had tried to privatize SCI by selling a 51% stake in 2002, but in vain.
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Hindalco (Down 3.53%)
Shares of Hindalco Industries Ltd declined 3.53% after posting poor results. The company reported a 78% decline in stand-alone adjusted profit after tax.
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M&M (Up 3.16%)
Mahindra and Mahindra (M&M) gained 3.16% after vehicle sales, excluding that of tractors, rose 19% (year-on-year), to 22,998 units.
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Hikal (Up 9.04%)
Shares of Hikal Ltd rose 9.04% after the firm said that net profit in fourth quarter rose to Rs15.1 crore, compared with Rs11.6 crore in the year-ago period.
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Navneet Publications (Up 9.09%)
Navneet Publications India Ltd rose 9.09% on pre-budget expectations. The firm said it will benefit from any expenditure on education and Sarva Sikhsha Abhiyan.
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Education stocks (Up 9-15%)
Shares of NIIT Ltd (14.65%), Aptech Ltd (10.38%), Educomp Solutions Ltd (12.02%), gained 9-15% on pre-budget hopes of reforms in the education sector.
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First Published: Wed, Jul 01 2009. 10 38 PM IST