BackMovers & Shakers
Movers & Shakers
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Lanco Infra (22% up)
Lanco Infrastructure’s stock rallied 22% on news the company is going ahead with its Rs8,000 crore Kerala power project.
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Glenmark (5% up)
Glenmark’s stock rose 5% on the National Stock Exchange on market talk of a corporate development soon.
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LML (20% up)
LML’s stock surged 20% after CNBC-TV18 reported a market buzz on the company launching a new model within a month.
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Atul (6% up)
Atul’s stock rose 6% after the company told CNBC-TV that the current quarter would be better than the last quarter.
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Rolta (7% up)
Rolta stock surged another 7% after the company’s board said it will consider reversal of forex losses at its 21 April board meeting.
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Garware (20% up)
Garware Offshore stock rallied 20% after the firm won a three-year contract from ONGC, with annual contract valued at Rs35 crore.
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CMC (50% up)
CMC stock surged 50%; the company had on Tuesday reported an operating profit of Rs41.9 crore in the fourth quarter.
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Tata Steel (3.5% up)
Tata Steel stock rose 3.5% after agency reports quoted the country’s steel secretary as saying the firm’s March sales rose 45%.
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Sterlite (0.5% down)
Sterlite stock ended down 0.5% as Groupo Mexico put a counter offer of $1.3 billion in cash for Asarco, raising fears of a bidding war.
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Infosys (2.75% down)
Infosys stock was down 2.75% on forecast of first decline in annual revenue as outsourcing demand from overseas clients slowed.
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