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Sensex lifeline: High beeps and pratfalls

Sensex lifeline: High beeps and pratfalls
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First Published: Fri, Jun 05 2009. 10 51 PM IST
Updated: Fri, Jun 05 2009. 10 51 PM IST
GMR (Down 4.05%)
The GMR Infrastructure Ltd stock was down 4.05% after the company told CNBC-TV18 that it sees 11-12% equity dilution on account of its qualified institutional placement (QIP) and that the Q4 revenues were down on account of 10% fall in footfalls at New Delhi airport.
Fame India (Up 5.1%)
Fame India Ltd shares rose 5.1% after film producers and owners of multiplexes, which account for about two-thirds of India’s box office revenues, reached an agreement to end their two-month old tussle over revenue sharing. No movies were released in multiplexes during this period.
Lakshmi Energy (Down 10%)
Shares of Lakshmi Energy and Foods Ltd were down 10% on the National Stock Exchange after the company told CNBC-TV18 that there was a pile-up of stock with Food Corp. of India due to the ban of exports of non-basmati rice. The company also said that the supplies have now resumed.
Carol Info (Up 10%)
Shares of Carol Info Services Ltd surged 10% on the National Stock Exchange on news reports that Fortis is all set to buy Wockhardt Hospitals. Carol Info is a company promoted by the Wockhardt group and holds 9% stake in Wockhardt Hospitals.
DS Kulkarni (Up 8%)
DS Kulkarni Developers Ltd rose 8% after the company told CNBC-TV18 that it has received interest from PE funds and hedge funds in last few weeks and they are making high margins in Pune with selling price of 900-1,100 per sq. ft against land cost of Rs200-300/sq. ft.
Satyam (Down 6.63%)
Satyam Computer Services Ltd fell 6.63% after the sentiment got hit with a 15% drop in the American depository receipts (ADRs) price overnight. The stock has had a strong rally in last couple of weeks and is trading much higher than the Tech Mahindra Ltd open offer price of Rs58.
Indiabulls Securities (Down 3.31%)
Indiabulls Securities Ltd fell 3.31% after markets regulator, Securities and Exchange Board of India (Sebi), warned the brokerage house of violating know your customer, or KYC, norms. The regulator also instructed the company to abide by the laws of the securities markets.
Zodiac Clothing (Up 17.82%)
Shares of Zodiac Clothing Co. Ltd surged 17.82% on institutional interest. The stock had seen a bulk deal on Thursday where Reliance Capital Asset Management Co. , a firm promoted by the Anil Ambani Dhirubhai Group, bought around 85,000 shares at Rs258.84/share
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First Published: Fri, Jun 05 2009. 10 51 PM IST
More Topics: CNBC-TV18 | Sensex | Stock markets | GMR | Fame India |