Sensex lifeline: high beeps and pratfalls

Sensex lifeline: high beeps and pratfalls
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First Published: Fri, Aug 28 2009. 10 45 PM IST
Updated: Fri, Aug 28 2009. 10 45 PM IST
Bharti Airtel (4.4% up)
Shares of Bharti Airtel Ltd gained 4.49% on the National Stock Exchange on Friday. The Securities Appellate Tribunal (SAT) on Friday dismissed a shareholder’s petition on the Bharti-MTN open offer, stating that the appeal was “premature” and “infructuous”.
KEC International (8.87% up)
Shares of KEC International Ltd were up 8.87% after the firm won an order worth Rs780 crore. The firm told CNBC-TV18 that its order book may cross Rs5,500 crore on winning this order. The orders can be executed over 18 months and the firm expects to maintain margins at 10%.
Unitech (5.59% up)
Shares of Unitech Ltd ended at Rs99.10, up 5.59%, on Friday ahead of the scrip getting included in MSCI Inc. on 31 August. Unitech is one of the three largest additions to the MSCI Emerging Markets Index. MSCI had announced the additions on 12 August, but the changes will be effective from Monday.
Amtek India (8.18% up)
Shares of Amtek India Ltd were up 8.18% on reports that the auto ancillary market will grow by 8.5% in 2009-10 due to 7% growth in original equipment manufacturers segment so far in 2009 and an 8.5% rise in exports. The company’s shares closed at Rs49.60, each, on Friday.
Voltas (6.42% up)
Shares of Voltas Ltd gained 6.42% on Friday. CNBC-TV18 reported that the firm is likely to win orders worth Rs2,000-2,500 crore in the next one year, which is nearly 50% of the current order book. The company is also looking at acquiring small niche firms in the oil and gas sector, water treatment space.
CESC (6.78% up)
The CESC Ltd stock gained 6.78% after the company acquired a stake in Dhariwal Infrastructure Pvt. Ltd (DIPL), which is engaged in setting up a 600MW thermal power generating station at Chandrapur in Maharashtra. Post this acquisition, DIPL has become CESC’s subsidiary.
BGR Energy (6.12% up)
BGR Energy Systems Ltd were up 6.12% after winning a second order in one week. The latest order is nearly 10% of the current order book. It secured an order worth Rs1,633 crore for 2x 500MW?Marwa thermal power project in Chhattisgarh, funded by Power Finance Corp. Ltd.
Astra Microwave (5.50% up)
Astra Microwave Products Ltd gained 5.50% after the firm won an order worth Rs81.3 crore from the Defence Research and Development Organisation which will be completed within the next 30 months. The company says that the order book will go up to Rs290 crore post this order.
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First Published: Fri, Aug 28 2009. 10 45 PM IST