India Movers: EdServ, Chambal, Murli Industries

Mukesh Buch
22 Nov, 2010
New York City

Alstom Projects rose 2.4% after secured a contract worth $10 million. Chambal Fertilisers plunged 4.9% after the fertilizer department rejected plans to decontrol urea prices. Jai Corp, IVRL and GVK surged after the environmental ministry approved plans for the second international airport in Mumbai

[R]6:00 PM Mumbai – Stock in Mumbai surged. Alstom Projects increased 2.4% after secured a contract worth $10 million. Chambal Fertilisers plunged 4.9% after the fertilizer department rejected plans to decontrol urea prices. Jai Corp, IVRL and GVK surged after the environmental ministry approved plans for the second international airport in Mumbai.[/R]

The BSE Sensex surged 1.90% or 372.15 to close at 19,957.59. The CNX Nifty on the National Stock Exchange gained 119.70 to close at 6,010.00.

Gainers & Losers

APL Apollo Tubes Limited soared 5.8% to Rs 151.65 after the tube maker extending gains for the second day as it has completed the acquisition of Lloyds Line Pipe in an all cash deal for Rs 40 crore.

Alstom Projects India Limited increased 2.4% to Rs 703.75 after the engineering company secured a contract worth around Rs 43 crore from EDAC Engineering to supply four 300-megawatt units of seawater flue gas desulfurisation systems for Ratnagiri power plant.

Chambal Fertilisers and Chemicals Limited plunged 4.9% to Rs 85.30 after the department of fertilizers has rejected the finance ministry''s recommendation for decontrolling urea prices.

Dr. Reddy''s Laboratories Limited rose 0.3% to Rs 1,760.55 after the pharmaceutical company launched Zafirlukast tablets, a bioequivalent generic version of Accolate, in the United States.

EdServ Softsystems Limited surged 8.6% to Rs 207.30 after the education company said it has completed raising Rs 130 crore for Pan India expansion through issue of equity warrants.

JAI Corp Limited soared 16.4% to Rs 262.15 after the steel, real estate reports the Environment Minister has given environmental clearance to the stalled second airport project in Mumbai and the company holds land bank in the proposed area.

Murli Industries Limited surged 18.4% to Rs 92.75 after the cement and pulp mill clarified that it is in discussion and negotiation with foreign players for its cement assets at Chandrapur, Maharashtra.

Power Grid Corporation of India Limited rose 0.1% to Rs 101.40 after the power transmission shares allotted in its recently completed follow-on public offer will soon hit the market.

RR Financial Consultants Ltd. increased 9.9% and locked at upper limit to Rs 93.65 after the investment and portfolio manager said its board will meet on 26 November 2010 to consider issue of bonus shares.

S.E. Investments Ltd gained 2.6% to Rs 23.40 after the finance and non conventional Energy extending gains, after the board approved demerger of its non-conventional energy division into a separate entity viz. S.E. Power.

Techno Electric & Engineering Company Limited fell 0.04% to Rs 275.80 after the non-conventional and renewable power project special purpose vehicle -- Jhajjar KT Transco achieved financial closure for 400 kilovolt, 100 kilometer power transmission line project.

Tecpro Systems Limited increased 4.3% to Rs 401.70 after the engineering company secured orders worth Rs 269.20 crore from Bhartiya Rail Bijlee Company for supply & installation of coal handling plant package for Nabinagar thermal power project.

Valecha Engineering Limited gained 2.5% to Rs 184.25 after the infrastructure development secured two orders aggregating Rs 60 crore from the Railways for tunnel work at Jaipur and Deoria.

Zensar Technologies Limited advanced 2.4% to Rs 2.4% to Rs 161.80 after the software company''s US unit signed a pact to acquire US-based PSI Holdings Group Inc and its subsidiaries.