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Movers & Shakers

Movers & Shakers
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First Published: Fri, May 15 2009. 11 09 PM IST
Updated: Fri, May 15 2009. 11 09 PM IST
Aban Offshore (up 21.93%)
Aban Offshore Ltd gained 21.93% on back of rumours that the company might have deployed rigs in the international markets. Currently, there are around six rigs out of 20 which are not deployed. Total volumes traded on NSE, BSE at around 2.5 x free float.
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ONGC (down 2.11%)
Oil and Natural Gas Corp. Ltd down 2.11% on reports that ONGC along with OIL India and Gail may be forced to shell out another Rs3,000 crore. Move to seek additional funds from ONGC breach of the earlier promise to restrict subsidy burden to Rs32,000 crore for upstream firms.
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Dolphin Offshore (up 10.73%)
Dolphin Offshore ends up 10.73% after surging 20% yesterday—on back of good numbers and bonus issue of two shares for every five held. Management says better margins due to construction biz, projects from ONGC, and downturn not affecting operations.
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Bharati Shipyard (down 4.53%)
Shares of Bharati Shipyard Ltd, India’s second biggest private shipbuilder, end down 4.53% as ONGC terminated Rs1,000 crore order with Great Offshore. Great Offshore had placed the order for the rig with Bharati Shipyard and had contracted it to ONGC.
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Bharti Airtel (up 4.6%)
Shares of Asia’s leading integrated telecom services provider Bharti Airtel Ltd up 4.60% as the company crosses 100 million subscribers. Sunil Mittal says 1 lakh Airtel service centres to be set up in rural India by March 2010. 60% of new customers coming from rural areas.
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Mercator Lines (up 5.03%)
Mercator Lines Ltd up 5.03% after Baltic Dry Index continues to hit new 2009 highs. Baltic Dry Index had gained nearly 25% in last 10 trading sessions and rebounded 250% from 22-year low of 663 in December. The index is still down 80% from its all time high of 11,793.
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PVR Ltd (up 5.28%)
Shares of PVR Ltd were up 5.28% as talks between producers and multiplex owners continue. The dispute between the two sides over revenue sharing most likely going to be: 50% in the first week, 42.5% in the second week, 35% in the third week and 27.5% in the fourth week.
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Essar Shipping (up 6.06%)
Essar Shipping Ltd up 6.06% on back of rumours that the company might announce delisting plans on Monday. The board is meeting on Monday to consider and approve inter-alia, the audited stand-alone, and consolidated financial results for the quarter ended 31 March.
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First Published: Fri, May 15 2009. 11 09 PM IST