BackMovers & Shakers
Movers & Shakers
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HDFC (13.8% up)
HDFC surged 13.8% on Q4 numbers. While reported profit fell marginally, the firm reported net profit growth of 23%, post adjusting for exceptional items for previous year.
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Sterlite (16.5% up)
Stock rallied 16.5%; the firm says it will match any competing bid for Asarco— current bid stands $1.7 billion. It sees closure in 3-4 months; steel sector also aided by a prices recovery.
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HCL Tech (19% up)
Stock up 19%. The firm has won a 5-year deal from UTi Worldwide for IT application and infrastructure operations and management.
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Wipro (10.5% up)
Stock up 10.5% after the firm won a $500 million deal from Unitech Wireless to provide IT services, pipping rivals IBM, Tech Mahindra and TCS.
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R-Com (6.7% up)
Stock rallied 6.7% after the firm reported fourth-quarter numbers in line with expectations; GSM roll-out led the 18% quarter-on-quarter subscriber increase to 73 million.
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M&M (12% up)
Mahindra and Mahindra stock up 12% on strong April sales figures. The auto maker sold 23,004 vehicles (domestic + exports) in April 2009, as against 20,030 vehicles in April 2008.
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Siemens (9.3% up)
Siemens up 9.3% on back of strong quarterly results—its profit surged 36.5% year-on-year. The firm says macro environment is still challenging.
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MTNL (3.6% down)
Stock down 3.6% on back of poor numbers; MTNL has reported a loss of Rs83.3 crore, its first, on account of exceptional items of staff costs.
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