Sensex lifeline: high beeps and pratfalls

Sensex lifeline: high beeps and pratfalls
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First Published: Wed, Aug 05 2009. 12 18 AM IST
Updated: Wed, Aug 05 2009. 12 18 AM IST
Punj Lloyd (5.02% down)
Shares of engineering and construction firm Punj Lloyd Ltd ended at Rs241.05, down 5.02%, on the National Stock Exchange on Tuesday. The firm raised $140 million (Rs665 crore) through the qualified institutional placement of shares. The shares were sold for Rs240.2 each.
IRB Infra (3.4% up)
Shares of IRB Infrastructure Developers Ltd rose 3.4% to Rs189.75 after the company won a contract to construct a greenfield airport in Sindhudurg district in Maharashtra. The firm, which plans to form a special purpose vehicle, told CNBC-TV18 that it has not decided on partners for the project.
India Cements (7.6% up)
Shares of The India Cements Ltd jumped 7.63% after July despatches rose 19% to a record 1 million tonnes (mt). The firm said it “could achieve this milestone following the commissioning of various expansion plans taken up to increase its capacity in the first phase from 9mt to 14mt.”
Bank of Rajasthan (8.3% up)
Shares of The Bank of Rajasthan Ltd jumped 8.3% to Rs64.20 on the National Stock Exchange on Tuesday. The bank plans to raise up to Rs250 crore through a share sale . Its board has already approved the allotment of shares through the qualified institutional placement route.
Dish TV (5.3% up)
Shares of Dish TV India Ltd ended at Rs48.15, up 5.3%, on the National Stock Exchange on Tuesday after shareholders, at the annual general meeting of the company held on Monday, gave their approval to raise up to $200 million by issuing any security convertible into equity shares.
Andhra Cements (19% up)
Shares of Andhra Cements Ltd were up 19% on the Bombay Stock Exchange after investment analyst Ashish Chugh told CNBC-TV18 that the stock could be a possible sell-off candidate with an equity valuation of Rs1,200 crore. But, the firm said it is not contemplating any stake sale.
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First Published: Wed, Aug 05 2009. 12 18 AM IST