Sensex lifeline: high beeps and pratfalls

Sensex lifeline: high beeps and pratfalls
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First Published: Tue, Jan 19 2010. 10 22 PM IST
Updated: Tue, Jan 19 2010. 10 22 PM IST
Mahindra Satyam (5.40% down)
Shares of Mahindra Satyam ended 5.40% down after CNBC-TV18 reported that Larsen and Toubro Ltd (L&T) is likely to sell the second tranche of Satyam’s stake this week. L&T had sold 2.32% stake (27.2 million shares) in Mahindra Satyam in November at Rs112.5 per share.
Zee Entertainment (5.44% down)
Shares of Zee Entertainment Enterprises Ltd, an integrated media and entertainment company engaged primarily in broadcasting and content development, ended 5.44% down after the company reported third quarter profits largely in line with market expectations.
Mount Everest (19.97% up)
Shares of Mount Everest Mineral Water Ltd, engaged in the packaging, sale and marketing of natural mineral water, ended 19.97% up on reports that the company will eventually get merged with Tata Tea Ltd. Tata Tea has been gradually increasing its stake in Mount Everest Mineral Water, The stake currently stands at 50.24%.
SPML (7.48% up)
Shares of Subhash Projects and Marketing Ltd (SPML) gained 7.48% on reports that the company is expected to start dispatching coal from its Indonesian mines from this month. SPML had acquired PT Bism mine along with power equipment maker Emco Ltd last year for around $40 million.
MFL (20.18% up)
Shares of Madras Fertilizers Ltd (MFL) surged 20.18%. The company told CNBC-TV18 that it is on the verge of a revival. The firm seeks to commence production at a fertilizer unit as it will be getting raw material in the next one week or so. MFL posted a net profit of Rs9 crore in the quarter ended December.
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First Published: Tue, Jan 19 2010. 10 22 PM IST
More Topics: CNBC-TV18 | Sensex | Shares | Stocks | BSE |