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Sensex lifeline: high beeps and pratfalls

Sensex lifeline: high beeps and pratfalls
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First Published: Fri, Jan 08 2010. 12 47 AM IST
Updated: Fri, Jan 08 2010. 12 47 AM IST
Strides Arcolab (8.1% up)
Shares of Strides Arcolab Ltd ended 8.1% up after Pfizer Inc. agreed to sell the company’s cancer treatments in the US. The company told CNBC-TV18 that product licence for sterile injectibles is specific to the US and the deal with Pfizer is mainly in oncology space.
SREI Infra (8.8% up)
The SREI Infrastructure Finance Ltd stock rose 8.8% on talks that the firm is planning a qualified institutional placement. SREI recently raised $200 million through an external commercial borrowings issue and expects to raise another Rs2,000-2,500 crore in the next financial year.
Hindustan Copper (10% up)
Shares of public sector enterprise, Hindustan Copper Ltd, ended 10% up following reports that the government is considering to sell its stake in the Kolkata-based miner. The government holds a 99.59% stake in the company. CNBC-TV18 was the first to report about the deal.
CHI Investments (10% up)
Shares of CHI Investments Ltd, an investment company of RPG group, rose 10% on the back of value in investment held by the company. The company holds 4.15 million shares of KEC International Ltd and 2.05 million shares of CESC Ltd which are valued at Rs335 crore at CMP.
Time Technoplast (6.7% up)
The Time Technoplast Ltd stock ended 6.7% up on reports that the company is looking at acquisitions in Europe and South-East Asia next fiscal. The target company will have revenues of $20-30 million (Rs91.8-137.7 crore) and talks were still in the preliminary stage.
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First Published: Fri, Jan 08 2010. 12 47 AM IST