Delhi MCD Election Results 2017

Source: media reports

Sensex lifeline: high beeps and pratfalls

Sensex lifeline: high beeps and pratfalls
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First Published: Sat, Jun 27 2009. 01 15 AM IST
Updated: Sat, Jun 27 2009. 01 54 PM IST
Sun Pharma (11.6% down)
Sun Pharmaceuticals Ltd slides 11.6% after USFDA seized 33 drugs at its Detroit facility of Caraco Pharma, which is 76% owned by Sun. Caraco’s manufacturing business had sales of $ 112 million.
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ICICI Bank (8% up)
ICICI Bank Ltd was up 8% as Nifty moved to free-float methodology from Friday. ICICI Bank will benefit the most after this change in Nifty calculation. ICICI bank weight goes up nearly 3.6% from 2.95% to 6.6%.
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Sterlite Tech (10% up)
Sterlite Technologies Ltd gained 10% after the board approved Rs250 crore capex for increasing optical fibre capacity to 20 million km from 12 million km. Board also approved issue of up to 73 lakh warrants to promoters.
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DCB (10% up)
Development Credit Bank Ltd up 10% as the management has been looking for strategic partners in the bank. They are not looking for merger or be taken over by any other bank.
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CMC Ltd (13.5% up)
CMC Ltd was up 13.5% and touched a 52-week high of Rs812 in Friday’s trade. The stock is excited on prospects of national identity card order. TCS Ltd holds a 51% stake in the company.
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Lupin Ltd (5.7% down)
Lupin Ltd lost 5.7% on cascading effect of Sun Pharma. Lupin’s Mandideep facility is under USFDA scanner. As of now, the manufacturing at Mandideep facility remains uninterrupted.
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Rallis India (18.5% down)
Rallis India Ltd gained 18.5% on expectations that the budget is accommodating a special package for rural economy due to deficient monsoon. Budget could support farmers via input credit or farm loan waiver.
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Tata Steel (2.8% down)
Tata Steel Ltd lost 2.8% on back of poor numbers. Q4 consolidated net sales were down 31% at Rs24,788 crore. Operating loss was at Rs1,610 crore. The firm reported a net loss of Rs4,385 crore.
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First Published: Sat, Jun 27 2009. 01 15 AM IST