India Movers: Apollo Hospitals, Axis Bank, Century Enka, ACC

Mukesh Buch
10 Dec, 2010
New York City

Apollo Hospitals is looking to raise as much as $200 million. Bulk trading lifted ACC Limited, Century Enka Limited and Tata Elxis Ltd. Nagarjun Construction soared after it won several orders. Kalpataru Power Transmission Limited won $150 million of orders.

[R]6:00 PM Mumbai – Apollo Hospitals is looking to raise as much as $200 million. Bulk trading lifted ACC Limited, Century Enka Limited and Tata Elxis Ltd. Nagarjun Construction soared after it won several orders. Kalpataru Power Transmission Limited won $150 million of orders.[/R]

The BSE Sensex surged 1.3% or 266.53 to close at 19,508.89. The CNX Nifty on the National Stock Exchange gained 90.85 to close at 5,857.35.

Gainers & Losers

Apollo Hospitals Enterprise Limited gained 2% to Rs 470.00 after the healthcare provider’s board approved raising Rs 900 crore in non-convertible debentures offering.

ACC Limited soared 8.7% to Rs 1,075.20 after 1.06% stake changed hands in three bulk deals on BSE today.

Axis Bank Limited surged 6.2% to Rs 1323.05 after on bargain hunting after a recent sell-off triggered by concerns over pressure on net interest margins after deposit rates.

Century Enka Limited increased 10.1% to Rs 176.40 after the synthetic yarn and tire cord fabric maker said Reliance Mutual Fund bought 1.46% stake on December 9.

Coromandel International Limited soared 5.7% to Rs 580.30 after the fertilizer, pesticide and specialty nutrient maker fixed December 24 as the record date for 2-for-1 stock split.

Glodyne Technoserve Limited surged 7.5% to Rs 694.65 after the information technology promoters shored up their holding by 1.81% through open market purchases on December 9.

HDFC Bank Limited fell 0.8% to Rs 2,220.40 after the bank''s American depository receipt slumped 10.64% to $160.78 on the New York Stock Exchange on December 9.

IRB Infrastructure Developers Limited increased 6.1% to Rs 204.00 after the holding company denied reports of insider trading in the company stock.

Jaypee Infratech Limited declined 2.5% to Rs 63.00.

Kalpataru Power Transmission Limited gained 7.3% to Rs 170.60 after the transmission line builder said it won three orders worth Rs 600 crore in India and abroad.

K S Oils Limited soared 20.2% to Rs 36.75 after the integrated edible oil maker’s stock slumped 27.52% in the preceding three sessions to Rs 30.55 on December 9 from a recent high of Rs 42.15 on December 6.

LIC Housing Finance Limited advanced 3.5% to Rs 925.55 and the home loan provider said the labor ministry-controlled Employees'' Provident Fund Organization decided not to invest further in the company till the inquiry in the bribes-for-loans scam is over.

Mahanagar Telephone Nigam Limited rose 1.5% to Rs 51.35 and the 0.26% equity changed hands in a bulk deal struck on the BSE.

Nagarjuna Construction Company Limited increased 4.5% to Rs 128.65 and the company has emerged the lowest bidder for a road project worth Rs 1,500 crore from National Highways Authority of India.

Pratibha Industries Limited gained 4.1% to Rs 62.15 after the water transmission and distributor said Citigroup Global Market Mauritius bought 0.75% stake in the company on December 9.

Reliance Communications Limited rose 2.9% to Rs 126.15 and the stock had declined 13.61% in the preceding five trading days.

Shree Renuka Sugars Limited surged 7.4% to Rs 82.05 and the company said that the government may slap tax on sugar imports from January.

S. Kumars Nationwide Limited soared 8.8% to Rs 74.60 after the ready-to-wear garment maker’s subsidiary Reid & Taylor (India) on December 9 filed a public offering prospectus with the SEBI.

Tata Elxsi Limited soared 5.4% to Rs 261.55 after the software developer said Reliance Mutual Fund bought 2.36% stake in the company on December 9.

Viceroy Hotels Limited increased 10.5% to Rs 38.20 after the hotelier said its board will meet on December 17 to consider the demerger.