Movers & Shakers

Movers & Shakers
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First Published: Wed, Apr 22 2009. 11 55 PM IST
Updated: Wed, Apr 22 2009. 11 55 PM IST
Rolta (14.6% down)
The Rolta stock was down 14.6%, as the company’s third quarter operating numbers missed analysts’ expectations and the management cut fiscal 2010 net profit and revenues guidance. The reported numbers looked better due to reversal of forex losses.
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Mercator (7.7% up)
Shares of shipping company Mercator Lines rose by 7.7% on the back of positive sentiment as the Baltic Dry Index, a key measure of the health of international trade, rose to a one-month high. The Mercator stock has rallied 25% in the last one month.
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Reliance Industrial (13% down)
The Reliance Industrial Infrastructure stock dropped by 13% after it emerged that it would be one of the 50 stocks that would be excluded from the futures and options market. The stock earlier had been witness to a buying frenzy and had gained 158% in three days in April.
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Noida Toll (11% down)
The Noida Toll Bridge stock was down 11% after the New Okhla Industrial Development Authority said that the infrastructure company may have to roll back the recent hike in toll on the DND Flyway as it was against the terms of the contract. The company had hiked toll charges by Rs2.
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Suzlon (7% up)
Shares of wind energy company Suzlon gained 7% on the back of foreign currency convertible bonds restructuring, with most brokerages giving a thumbs up to the restructuring. CLSA believes this will remove one near-term overhang on the company and reduce its debt by $131 million.
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Reliance Power (5% up)
Shares of Reliance Power rallied by 5% after CNBC-TV18 reported that the company has achieved financial closure for its ultra mega power project at Sasan. The stock also got a sentiment boost with peer company Adani Power filing a draft red herring prospectus ahead of a proposed initial public offering.
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Tata Elxsi (17% up)
Shares of Tata Elxsi, a technology company of the Tata group that designs technology products, surged by up to 17% after CNBC-TV18 reported that Reliance Capital, part of the Reliance-Anil Dhirubhai Ambani Group, bought a nearly 2% stake in the open market.
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Punj Lloyd (6% up)
The Punj Lloyd stock rallied 6% after value buying following a 15% fall over two days. The stock has been losing ground following a ruling by a court in the UK that went against Simon Carves Ltd, a wholly owned subsidiary of the engineering and construction company.
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First Published: Wed, Apr 22 2009. 11 55 PM IST
More Topics: CNBC TV18 | Gainers | Losers | Markets | Rolta |