India Movers: Emami, Reliance Infra, Goa Carbon

Mukesh Buch
13 Dec, 2010
New York City

Goa Carbon and Hong Kong based Sinoway International to set up manufacturing plant in China. Punj Lloyd won two oil and gas orders worth $350 million. Reliance Infrastructure soars on a plan to attract new investors in the company.

[R]6:00 PM Mumbai – Goa Carbon and Hong Kong based Sinoway International to set up manufacturing plant in China. Punj Lloyd won two oil and gas orders worth $350 million. Reliance Infrastructure soars on a plan to attract new investors in the company.[/R]

The BSE Sensex gained 0.9% or 182.89 to close at 19,691.78. The CNX Nifty on the National Stock Exchange increased 50.30 to close at 5,907.65.

Gainers & Losers

ACC Limited decreased 2.1% to Rs 1,051.65 after the stock surged 8.76% on Friday.

Bilcare Limited surged 6.4% to Rs 609.35 after European Union and India resolved a dispute over generic drugs.

Confidence Petroleum India Limited surged 9.9% to Rs 18.75 after the LPG cylinders filling/bottling company said it received additional orders worth Rs 36.64 crore for 3,00,000 LPG cylinders from Hindustan Petroleum Corporation.

Emami Limited soared 16.6% to Rs 418.25 after the company’s bid to acquire privately held Paras Pharmaceuticals was exceeded by the offer from Reckitt Benckiser India.

Emami Paper Mills Limited increased 13% to Rs 49.85 after the paper & paper board said it plans to spend Rs 2,000 crore expansion.

Goa Carbon Ltd soared 5.8% to Rs 88.45 after the company entered in a joint venture with the Hong Kong-based Sinoway International Holdings to set up calcined petroleum coke manufacturing plant in China.

Gitanjali Gems Limited gained 3.5% to Rs 188.05.

Indian Overseas Bank increased 3.8% to Rs 144.35 after the company said board has approved raising funds of Rs 4,150 crore through private placements.

JSW Steel Limited soared 8.2% to Rs 1,129.50 after the iron and steel product maker said it has decided to open the issue of Global depository receipts at Rs 1,500 each to JFE Steel Corporation, Japan, on a preferential basis.

Karuturi Global Limited tumbled 5.3% to Rs 16.95 and the company denied that it manipulated its stock price.

Nitin Fire Protection Industries Limited soared 17.6% to Rs 81.30 after the fire-fighting equipment maker said board will meet on December 16 to consider and approve strategic deal, joint venture and acquisition of new business.

Punj Lloyd Ltd. increased 3.3% to Rs 106.95 after the construction and project manager secured two repeat oil and gas industry orders aggregating Rs 1,461 crore.

R Systems International Limited rose 2.8% to Rs 129.85 after the information technology services and products developer’s board approved buying 100% equity in a UK-based software firm involved in the telecom sector.

Reliance Infrastructure Limited gained 3.8% to Rs 811.40 after the company is consolidating its road projects assets into a holding company to pave the way for a potential public offering or private equity investment.

Reliance Communications Limited rose 1.9% to Rs 128.65 after the company said it will hold a press conference later today to discuss strategic development.

SAAG RR Infra Ltd. surged 4.9% to Rs 31.80 after the infrastructure company won a Rs 6.05 crore construction contract from ETA Star Techcity.

Sintex Industries Limited gained 4% to Rs 192.95 after the plastics and textile product maker acquired 30% stake in Durha Constructions through its wholly owned subsidiary, Sintex Infra Projects.

S. Kumars Nationwide Limited soared 18.5% to Rs 74.60 after the garment maker’s subsidiary Reid & Taylor (India) filed a prospectus with the market regulator for an initial public offering.

The Sandur Manganese & Iron Ores Limited surged 9.1% to Rs 798.55 after the ferro alloys maker said a 32-megawatt captive thermal power plant of its subsidiary Star Metallics and Power was formally inaugurated last week.