India Movers: Gujarat NRE Coke, Lanco Infratech, Surya Pharma

Mukesh Buch
28 Dec, 2010
New York City

Cipla received notice from national pharmaceutical pricing authority demanding $10 million. Kingfisher launched five new flights on its domestic network. Zee Entertainment launched four TV channels in Australia.

[R]5:00 PM Mumbai – Cipla received notice from national pharmaceutical pricing authority demanding $10 million. Kingfisher launched five new flights on its domestic network. Zee Entertainment launched four TV channels in Australia.[/R]

The BSE Sensex fell 0.2% or 3.51 to close at 20,025.42 The CNX Nifty on the National Stock Exchange decreased 2.10 to close at 5,996.00.

Gainers & Losers

BF Utilities Limited rose 1.2% to Rs 920.00 after the infrastructure developer''s board approved sale of a minority stake for Rs 500 crore in its subsidiary Nandi Economic Corridor.

Cipla Limited rose 0.6% to Rs 371.50 after the the National Pharmaceutical Pricing Authority sent notices to the company demanding Rs 47.70 crore for the drug Salbutamol and Rs 25.46 crore for Ciprofloxacin.

Dishman Pharmaceuticals and Chemicals Limited gained 3.2% to Rs 149.25 after the company won $50 million order to manufacture cardiac drug ingredients for a European multinational.

Gayatri Projects Limited slipped 2.1% to Rs 314.20 after the construction company secured two orders aggregating Rs 113.13 crore to set up electrical distribution lines.

Gujarat NRE Coke Limited surged 5.2% to Rs 61.50 after the coal and metallurgical coke maker allotted six crore convertible warrants at Rs 62.50 per share to promoters.

Glenmark Pharmaceuticals Limited rose 0.3% to Rs 354.10 after the company''s overseas arm received final approval from the US drug regulator to market Lithium Carbonate 300 milligram tablets.

Hindustan Dorr-Oliver Limited rose 0.3% to Rs 114.80 after the company secured three orders worth Rs 135 crore.

Jupiter Bioscience Limited gained 2.3% to Rs 53.25 and the company is in discussion with Europe based multinational companies for supply contract worth Rs 75 crore for peptide building blocks.

KEC International Limited increased 1.4% to Rs 490.70 after the engineering construction company secured new orders aggregating Rs 1,018 crore.

Kingfisher Airlines Limited advanced 2.7% to Rs 62.55 after the airline launched five new flights on its domestic network on December 27.

Lanco Infratech Limited rose 0.6% to Rs 62.60 after the infrastructure developer plans to hive off its power business into a separate company to raise funds through an initial public offer in 2012.

NESCO Limited fell 0.2% to Rs 559.15 after the engineering equipment maker said it will reconsider stock split plan in the next board meeting.

Punj Lloyd Ltd. rose 0.2% to Rs 107.80 after the engineering construction company won a civil contract for two commercial buildings from township developer Hirco Group.

Surya Pharmaceutical Limited soared 5% to Rs 30.45 after the pharmaceuticals company’s overseas arm Surya Pharmaceutical (Singapore) acquired ActivOn, a leading OTC analgesic drug brand in United States, with global marketing rights for $22 million.

Tata Motors Limited declined 2.5% to Rs 1,267.70 after the company''s American depository receipt declined 2.4% to $29.40 on the New York Stock Exchange on December 27.

Unitech Limited increased 2% to Rs 63.00 after the real estate developer said its promoter hiked stake in the company by 1.1% to 48.57% by converting warrants.

Zee Entertainment Enterprises Limited gained 2.6% to Rs 139.65 after the broadcasting company launched four TV channels in Australia.