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Sensex up 47% in 2006
Published on 2006-12-30 10:51:00
The market ended calendar 2006 on a strong note, with the Sensex settling at 13,786.91, less than 200 points off its all time closing high of 13,972.03 of 7 December 2006.It rose 46.7% for the calendar year.The S&P CNX Nifty gained 39.8% for the > read more
Lanco Infratech gains on signing MoU for large thermal power project
Published on 2006-12-30 10:50:00
Lanco Infratech rose 1.6% to Rs 254 after the company on Thursday entered into a memorandum of understanding with Jharkhand government for a 2,640 MW coal based power plant.With this, the total capacity of Lanco, both in operation and in process will > read more
Titan Industries sparkles
Published on 2006-12-30 10:50:00
Titan Industries jumped 7% to Rs 860 following reports it is betting big on its precision engineering division.4.6 lakh shares changed hands in the counter on BSE.The stock made a strong rebound from lower level recently. From Rs 690.65 on 12 Septemb > read more
SBI inches ahead
Published on 2006-12-30 10:49:00
State Bank of India rose 0.7% to Rs 1245.45 after its Chairman O.P. Bhatt said the recent lending rate increase would help the bank maintain its profitability.He also said that the bank plans raise Rs 2000 crore in tier II debts by March 2007.1.1 lak > read more
Aurobindo Pharma in the thick of the action
Published on 2006-12-30 10:48:00
Drug maker Aurobindo Pharma gained 2% to Rs 707.95 following media reports that the company is likely to announce on Friday acquisition of a Dutch formulations firm for more than $20 million.So far there is no announcement from Aurobindo PharmaThe ta > read more
Dr Reddy’s Lab in demand
Published on 2006-12-30 10:47:00
Dr. Reddy's Laboratories gained 1.5% to Rs 811.75 after it got final approval from the US Food and Drug Administration for cholesterol-lowering simvastatin tablets.Simvastatin is the generic equivalent of Merck & Co. Inc.'s blockbuster drug Zocor > read more
Chinese foray powers Thermax
Published on 2006-12-30 10:45:00
Thermax rose 2.6% to Rs 380 after the company said on Thursday it would invest $8 million to set up a plant in China to manufacture absorption chillers.Thermax also said it would set up a subsidiary in China.20,531 shares changed hands in the counter > read more
Micro Inks makes a mark
Published on 2006-12-30 10:44:00
Printing ink maker Micro Inks rose 3% to Rs 330 after the company said on Thursday its US subsidiary had entered into a supply deal worth about $3 million with St. Ives Inc.The company said the deal for the supply of heatset ink was for one year.2,09 > read more
Sadbhav Engineering extends gains on achieving financial closure of a major project
Published on 2006-12-30 10:44:00
Sadbhav Engineering gained 2.3% to Rs 513 after the company said it had achieved financial closure of a major road construction project.20,691 shares changed hands in the counter on BSE.The stock had bounced back from lower level from early this mont > read more
Smooth sailing for Varun Shipping
Published on 2006-12-30 10:42:00
Varun Shipping Company rose nearly 4% to Rs 66 after the company said on Thursday it was buying a very large gas carrier.The vessel is expected to join Varun's fleet by July 2007, the company said in a statement. It did not specify the size of the de > read more