BackSensex lifeline: high beeps and pratfalls
Sensex lifeline: high beeps and pratfalls
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Siemens (3.54% up)
Shares of Siemens Ltd rose 3.54% after its parent company, Siemens AG, won a $650 million order from a Qatar-based firm; the contract value for the Indian arm is around $547 million. The commissioning of the project is scheduled to be completed in April 2013.
Lupin (0.72% up)
Shares of Lupin Ltd rose 0.72% on reports that the company’s Mandideep facility in Madhya Pradesh was cleared by the US Food and Drug Administration (FDA). When re-inspected in November 2009, Lupin was able to satisfactorily address all the concerns expressed in the FDA warning letter.
BPCL (4.64% down)
The BPCL (Bharat Petroleum Corp. Ltd) stock fell 4.64% after the company told CNBC-TV18 that it received Rs2,371 crore as subsidy and will approach the government for further compensation. The company’s under-recovery stands at Rs10,000 crore and it has received only Rs4,700 crore.
HDIL (3.91% down)
Shares of HDIL (Housing Development and Infrastructure Ltd) ended 3.91% down after the company posted a drop of 12% to Rs162.76 crore in net profit for the quarter ended 31 December. However, the company’s total income rose to Rs435.5 crore against Rs335 crore for the same period last fiscal.
GNFC (0.65% up)
Shares of Gujarat Narmada Valley Fertilizers Co. Ltd (GNFC) rose 0.65% after the company told CNBC-TV18 that the fertilizer secretary is considering deregulation of fertilizer prices. The discussion has been going on at various levels but nothing has been finalized.
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