Movers & Shakers

Movers & Shakers
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First Published: Wed, May 13 2009. 10 27 PM IST
Updated: Wed, May 13 2009. 10 27 PM IST
DLF Ltd (6% down)
DLF Ltd loses nearly 6% from day’s high as promoters sold 9.9% stake for Rs3,800 crore at Rs230 per share in the open market. However, management remained confident of bringing down debt to less than Rs5,000 crore by year-end, generating at least Rs2,000 crore cash.
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Bajaj Auto (7.6% up)
Bajaj Auto Ltd gained 7.6% as it announced plans to increase production at its Pantnagar plant to 60,000 units/month from 45,000 currently. The company plans to introduce new variants of Discover by September. The firm also plans to launch 250cc Ninja model by October in association with Kawasaki.
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IRB Infra (3.35% up)
IRB Infrastructure Developers Ltd gained 3.35% after the management told CNBC-TV18 that liquidity situation has improved, almost 40-60 projects would get bid in next few months and the firm is in a beneficial position to take advantage of approaching project bids.
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Aditya Birla Nuvo (1.8% up)
Aditya Birla Nuvo Ltd gained 1.8% on reports that the company will create a separate holding company for its financial services business comprising asset management, insurance, stock broking and distribution. The firm has sought the RBI approval for setting up a holding company.
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Asian Paints (5.8% up)
Asian Paints Ltd gained 5.8% as Q4 results beat expectations. Sales grew 26% as the company saw stronger-than-expected demand from tier II and tier III cities. PAT grew 14% as lower priced inventory kicked in earlier than estimated as well as stronger sales growth.
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Take Solutions (20% up)
Take Solutions Ltd locked on 20% upper circuit on back of 4.3% equity block changing hands on the Bombay Stock Exchange at Rs24.40. Market talk indicates that large mutual fund was the buyer in the stock and likely seller was New Silk Route.
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Piramal Life (5% up)
Mumbai-based drug company Piramal Life Sciences Ltd was up 5% as the company received regulatory approval from the drug controller general of India to conduct phase I and II combination studies for its cancer molecule P276 for pancreatic, and head and neck cancer.
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REI Agro (6% up)
REI Agro Ltd, a company engaged in the business of basmati rice processing, generation of power through its wind mill and retail chain, ends down 6% as the company plans to raise funds via rights issue, FCCBs on Saturday. The market was concerned about dilution.
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First Published: Wed, May 13 2009. 10 27 PM IST
More Topics: CNBC TV18 | Movers and Shakers | Stocks | BSE | Shares |