Sensex lifeline: high beeps and pratfalls

Sensex lifeline: high beeps and pratfalls
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First Published: Thu, Nov 05 2009. 10 12 PM IST
Updated: Thu, Nov 05 2009. 10 12 PM IST
IFCI Ltd (13.9% up)
Shares of IFCI Ltd rose 13.9% on Thursday on reports that the government has shortlisted three consultants—Boston Consultancy Group, Ernst and Young and Mckinsey—to advise it on stake sale in IFCI among other issues. The consultant would submit its report in six months.
Suzlon Energy (13.3% up)
Suzlon Energy Ltd ended the day up 13.3% on CNBC-TV18 exclusive that the firm plans to repay $850 million debt arising from the REpower and Hansen acquisitions. Suzlon is looking to hike REpower stake by 9%. Axis Bank Ltd and State Bank of India will refinance $465 million for the company.
Thinksoft (8.7% down)
Shares of IT solutions provider Thinksoft ended down 8.7% on Thursday after its initial public offer finally saw profit booking since its listing. The Thinksoft stock has surged from Rs125 to Rs250 since its listing. The entire issue was allotted to around 11,000 individuals, against a daily turnover of at least 1 crore shares.
Maytas Infra (5% up)
Maytas Infra shares rose 5% after it won a Rs790 crore Pune-Sholapur road contract from IL&FS Transportation Networks. The project is a breakthrough for Maytas as it has not been able to bid for any contract in the last several months on account of the events at Satyam.
RCF Ltd (12% up)
The Rashtriya Chemicals and Fertilizers (RCF) stock rose 12% on news that it may double up as cement stockists soon. The firm is in talks with seven cement makers to enhance the portfolio of its dealers. The firm said that cement distribution is not a new thing and is a small part of revenues.
Lanco Infratech (6.9% up)
Shares of Lanco Infratech finished the day up 6.9% after the company told CNBC-TV18 that the current order book remains at around Rs15,000 crore, out of which Rs6,000 crore order book is to be executed in the next six quarters. The company plans to commission 3200MW in the next 15-18 months.
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First Published: Thu, Nov 05 2009. 10 12 PM IST