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Sensex lifeline: high beeps and pratfalls

Sensex lifeline: high beeps and pratfalls
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First Published: Wed, Sep 23 2009. 11 48 PM IST
Updated: Wed, Sep 23 2009. 11 48 PM IST
Globus Spirits (10% down)
Shares of Globus Spirits Ltd fell 10% to Rs90 on the National Stock Exchange on Wednesday on the day of listing against its issue price of Rs100. The company raised Rs75 crore through the sale of 7.5 million shares. Six qualified institutional buyers were allotted 29,49,000 shares.
Orbit Corp (10% Up)
Shares of Orbit Corp. Ltd rose 10% on the National Stock Exchange on Wednesday. The company, which launched a luxury housing project at Rs22,000 per sq. ft on Friday, said 12 of its 80 flats have already been booked. The firm also said it still has 280 enquiries pending.
JP Associates (6.54% down)
Sahres of Jaiprakash Associates Ltd declined 6.54% after the firm sold 40 million shares in block deals at an average price of Rs238.5 per share on the Bombay Stock Exchange and the National Stock Exchange to raise Rs954 crore. The firm had sold 25 million shares on 18 June at Rs200 per share to raise Rs500 crore.
Harrisons (12.95% Up)
Shares of Harrisons Malayalam Ltd surged 12.95% to Rs129.05 on the National Stock Exchange on Wednesday on rising prices of tea and on news that the company had started a new tea processing plant in Kerala that will see an increase in its production capacity by 2 million kg.
Suzlon (6.30% down)
Suzlon Energy Ltd fell 6.30% after the promoters sold 70 million shares in a block deal at Rs98.4 per share to raise Rs689 crore. Total promoter group shareholding in the company stands at approximately 53.08%. Shares of the firm closed at Rs94.50, each, on the National Stock Exchange on Wednesday.
JK Agri (4.20% Up)
Shares of JK Agri Genetics Ltd rose 4.2% on the Bombay Stock Exchange. CNBC-TV18 reported that the firm has investment value of nearly Rs160 crore on a market-cap of Rs50 crore. The company holds 6.82 million shares of JK Lakshmi, 4.52 million shares of JK Tyres and 6.67 million shares of JK Paper.
Central Bank (8.02% Up)
Shares of Central Bank of India rose 8.02% on the National Stock Exchange after the World Bank announced $4.3 billion in loans to India, including $2 billion for the banking sector. The loan is for 30 years and includes a five-year grace period in which India is exempt from repayments.
Nalwa Sons (4.92% Up)
The Nalwa Sons Investments Ltd stock surged 4.92%. CNBC-TV18 reported that the company has an investment value of Rs1,006 crore on a market-cap of Rs380 crore. Shares of the company closed at Rs981.80, each, on the National Stock Exchange on Wednesday.
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First Published: Wed, Sep 23 2009. 11 48 PM IST
More Topics: CNBC-TV18 | Markets | Sensex | Shares | BSE |