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Sensex lifeline: high beeps and pratfalls

Sensex lifeline: high beeps and pratfalls
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First Published: Thu, Aug 06 2009. 10 16 PM IST
Updated: Thu, Aug 06 2009. 10 16 PM IST
Tata Motors (7% down)
Shares of most auto makers declined on Thursday. The Tata Motors Ltd stock fell 6.96% to Rs418.40 on the National Stock Exchange. Nomura says Jaguar-Land Rover remains a big concern for the company despite the expected recovery in the domestic market .
DCB (10.9% up)
Shares of Development Credit Bank Ltd rose 10.9% on fund-raising plans and ended at Rs38.60 on the National Stock Exchange on Thursday. The bank is looking at options such as issuing bonds and selling shares via the qualified institutional placement route to raise up to Rs400 crore.
Excel Infoways (7.3% down)
Shares of Excel Infoways Ltd fell for the first time after listing on the National Stock Exchange on Thursday. The stock, which had touched a high of Rs115 in the last three days since its listing on Monday, fell 7.3%. The issue was subscribed 1.87 times and raised Rs48.17 crore at Rs85 per share.
Majestic Auto (5% up)
The Majestic Auto Ltd stock gained 5% on the Bombay Stock Exchange on Thursday after a CNBC-TV18 analysis noted that the firm, with a market cap of Rs40 crore, holds 1.62 million shares of Hero Honda valued at Rs260 crore. The investment net of debt against market cap is over five times.
Williamson Financial (4.8% up)
Shares of Williamson Financial Services Ltd were up 4.8% on the Bombay Stock Exchange after a CNBC-TV18 analysis pointed out that the firm holds 5.91 million shares of Eveready and 6.37 million shares of Mcleod Russel, valued at Rs130 crore. The investment net of debt against market cap is over seven times.
PTC India (0.9% up)
The PTC India Ltd stock was up 0.9% on the National Stock Exchange on Thursday and closed at Rs92.25. The company is planning an equity fund to finance power projects aggregating 5,000MW. PTC is in talks with venture funds and foreign investors for the proposed fund.
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First Published: Thu, Aug 06 2009. 10 16 PM IST
More Topics: CNBC-TV18 | Sensex | Stocks | Shares | Markets |