×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Sensex lifeline: high beeps and pratfalls

Sensex lifeline: high beeps and pratfalls
Comment E-mail Print Share
First Published: Wed, Aug 12 2009. 12 59 AM IST
Updated: Wed, Aug 12 2009. 12 59 AM IST
Tata Motors (6.6% up)
Shares of Tata Motors Ltd ended up 6.6% on the National Stock Exchange on Tuesday. The company said it expects to tie up £340 million long-term loan from the European Investment Bank for its UK-based Jaguar Land Rover unit, without guarantees from the British government.
Natco Pharma (18.4% up)
The Natco Pharma Ltd stock soared 18.4% on Tuesday. Investment analyst Ashish Chugh told CNBC-TV18 that the company has a land bank of 300 acres near the Hyderabad airport in Andhra Pradesh and the market value of this land is expected to be more than company’s market cap.
Ranbaxy (5.5% up)
Shares of Ranbaxy Laboratories Ltd rose 5.5% on Tuesday. The drug company produces oseltamivir, sold under the brand name Tamiflu that is used to treat H1N1 flu, and can provide close to a million capsules in the next few weeks to the domestic market, its president Ramesh Adige said in a statement.
Glenmark (4.8% down)
Shares of Glenmark Pharmaceuticals Ltd declined 4.8% after Forest Laboratories Inc made an upfront payment of $100 million to Nycomed for chronic bronchitis drug, Roflumilast. Forest Labs had earlier licenced Oglemilast, a drug to treat asthma, from Glenmark and paid $45 million for the same.
Aban Offshore (4.2% up)
Shares of Aban Offshore Ltd, a drilling and oil services company, were up 4.2% on the National Stock Exchange on Tuesday after BNP Paribas said that the market for jack-up rigs shows signs of increasing activity. Aban had won a two-year contract for its jack-up rig from Pemex at $126,000 a day.
Zee Entertainment (5.4% down)
Shares of Zee Entertainment Enterprises Ltd declined 5.35% on the National Stock Exchange on Tuesday. Kotak Institutional Equities, in a report released on Tuesday, said that poor monsoon in Hindi-speaking areas may have a significant impact on Hindi broadcasters such as Zee.
HDIL (4.5% up)
Housing Development and Infrastructure Ltd (HDIL), a real estate development company, ended up 4.5% on reports that the company has got approval for a new redevelopment project in Kandivali (suburban Mumbai) and is close to finalizing the details of the same.
FCS Software (16.3% up)
FCS Software Solutions Ltd, provider of information technology (IT) and IT-enabled services, jumped 16.3% to close at Rs51.15 on news that the board meeting will be held on Tuesday to consider stock split and fund raising plans. The scrip touched an intraday high of Rs52.80.
Comment E-mail Print Share
First Published: Wed, Aug 12 2009. 12 59 AM IST
More Topics: CNBC-TV18 | Sensex | Shares | Investment | BSE |