India Movers: GMR Infra, Accurate Transformers, KEC International

Mukesh Buch
27 Dec, 2010
New York City

Dishman Pharmaceuticals is in a deal to sell pharma products of $50 million to European multinational. GMR buy 51% stake in Kakinada SEZ for undisclosed amount. KEC International secured new orders aggregating $250 million. NMDC may increase iron ore price by 3%.

[R]5:00 PM Mumbai – Dishman Pharmaceuticals is in a deal to sell pharma products of $50 million to European multinational. GMR buy 51% stake in Kakinada SEZ for undisclosed amount. KEC International secured new orders aggregating $250 million. NMDC may increase iron ore price by 3%.[/R]

The BSE Sensex fell 0.2% or 44.73 to close at 20,028.93 The CNX Nifty on the National Stock Exchange decreased 13.50 to close at 5,998.10.

Gainers & Losers

Accurate Transformers Ltd. soared 16.2% to Rs 108.85 after the power transformer maker said board of directors will meet on December 30 for allotment of 148,000 warrants to promoters.

APM Industries Limited gained 3.2% to Rs 80.25 after the synthetic yarn maker fixed January 28 as the record date for a 5-for-1 stock split.

BF Utilities Limited surged 7.6% to Rs 908.90 after the infrastructure developer''s board approved sale of a minority stake for Rs 500 crore in its subsidiary Nandi Economic Corridor.

Dishman Pharmaceuticals and Chemicals Limited surged 4.9% to Rs 145.55 after the pharmaceutical maker made deal of $50 million to manufacture cardiac drug ingredients for a European multinational.

GMR Infrastructure Limited rose 1% to Rs 45.10 after the holding company’s subsidiary GMR SEZ & Port Holdings entered into a agreement to buy 51% stake for an undisclosed amount in Kakinada SEZ.

Hindustan Dorr-Oliver Limited increased 1.1% to Rs 114.45 after the engineering construction company secured three orders worth Rs 135 crore.

Jupiter Bioscience Limited rose 0.3% to Rs 52.05 after the drug and fine chemical maker said it is in discussion with Europe based multinational companies for supply contract worth Rs 75 crore for peptide building blocks.

KEC International Limited soared 7.7% to Rs 483.60 after the engineering construction company secured new orders aggregating Rs 1,018 crore.

McNally Bharat Engineering Company Limited advanced 4.1% to Rs 218.80 after the engineering company secured two orders for Rs 99.86 crore.

NMDC Limited increased 1.5% to Rs 267.40 after the iron ore producer reports the company may hike iron ore prices by 3% due to rise in demand and squeeze in global supplies.

Pradeep Metals Limited increased 1.8% to Rs 19.05 after the steel forgings maker said its board will meet on December 29 to consider issue of equity shares to promoters.

Reliance Communications Limited declined 3.5% to Rs 136.85 after the spokespersons for Reliance Industries Ltd and Reliance Communications reportedly denied speculation that RIL is expected to take a stake.

Steel Authority of India Limited tumbled 4.3% to Rs 177.30.

Sujana Metal Products Limited surged 4.8% to Rs 16.10 after the iron and steel product maker approved rising of Rs 450 crore.

Spice Mobility Limited soared 5% to Rs 108.60 after the mobile devices company acquired 100% stake in Kimman Exports for total consideration of Rs 45.51 crore.

Shiv-Vani Oil & Gas Exploration Services Ltd. gained 2.3% to Rs 404.15 after the oil and natural gas explorer approved raising Rs 250 crore by issuing 2,500 secured redeemable optionally convertible debentures to ICICI Bank.

Venus Remedies Limited increased 1.5% to Rs 265.40 after the pharmaceutical formulation company secured patent in Russia and Ukraine for its products.