BackSensex lifeline: high beeps and pratfalls
Sensex lifeline: high beeps and pratfalls
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Maytas Infra (5.03% up)
Maytas Infra ended up 5.03% after the Union corporate affairs minister Salman Khursheed said that IL&FS will take over the management control of the company. IL&FS is the single largest shareholder of Maytas and will control 37% of equity in the company.
IL&FS Investment (15.52% up)
IL&FS Investment gained 15.52% on the National Stock Exchange on Monday as traders believed that Infrastructure Leasing & Financial Services (IL&FS) will take stake in Maytas Infra through its only listed entity, IL&FS Investment. IL&FS holds 52% stake in IL&FS Investment.
Unitech (8.25% up)
The shares of realty firm Unitech ended up 8.25% after the stock was included in MSCI indices from Monday. Market expected flows from passive funds as many global mutual funds are linked with MSCI indices. The stock closed at Rs107.35 on the National Stock Exchange on Monday.
Thomas Cook (4.42% up)
The Thomas Cook stock ended up 4.42% on reports of management change as a German court has put on the block the 52.8% stake held by bankrupt retailer Arcandor in Thomas Cook Group. The shares of the firm closed at Rs72.10 on the National Stock Exchange.
Wall Street Fin (7.79% up)
Shares of Wall Street Finance were up 7.79% on the Bombay Stock Exchange on reports that Reliance Money will be selling its entire 36.83% stake in the company to Transways Combine. The stake sale will be executed on 3 September. Reliance Money had acquired the stake on 23 October.
Aro Granite (4.42% up)
Aro Granite Industries gained 4.42% on buy-back support. The company has been buying shares from the open market since last week. The number of cumulative shares bought back till 28 August is around 320,000. The shares of the firm closed at Rs42.55 each on the National Stock Exchange on Monday.
Supreme Infra (10.05% up)
The shares of Supreme Infrastructure India were up 10.05% after winning orders worth Rs236 crore for constructing 15 towers. The project will begin in September. The operating margins for the project are 11-12%. The stock closed at Rs96.95 on the National Stock Exchange on Monday.
Sujana Metal (19.95% up)
Sujana Metal Products gained 19.95% on the Bombay Stock Exchange on the back of aggressive capital expenditure plans. The firm is planning to set up units that would process iron ore into bars of customized sizes in south India at an investment of Rs1,000 crore in three years.
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