Market Updates

India Movers: Everonn Education, Mahindra Satyam, Steel Authority

123jump.com Staff
17 Feb, 2011
New York City

    Atlanta rose 1% after it won contract to build highway in Assam. Everonn Education soared 17%. Mahindra Satyam agreed to pay $125 million to settle US shareholder litigation. Steel Authority of India is looking to set up a steel plant in Mongolia worth $3.5 billion.

[R]6:00 PM Mumbai – Atlanta rose 1% after it won contract to build highway in Assam. Everonn Education soared 17%. Mahindra Satyam agreed to pay $125 million to settle US shareholder litigation. Steel Authority of India is looking to set up a steel plant in Mongolia worth $3.5 billion.[/R]

The BSE Sensex gained 1.1% or 205.92 to close at 18,506.82 The CNX Nifty on the National Stock Exchange gained 64.75 to close at 5,546.45.

Gainers & Losers

Atlanta Limited increased 1.5% to Rs 78.40 after the infrastructure developer won contract to build highway for Rs 104 crore in Assam state.

ARSS Infrastructure Projects Limited surged 19.7% to Rs 735.90 after the construction company received new work order worth Rs 104.05 crore from Government of Assam.

DQ Entertainment International Limited gained 5.3% to Rs 78.30 after the video entertainment company through its agent in France, TF1 Enterprises, signed apparel licensing agreement with TV Mania Gmbh.

Dishman Pharmaceuticals and Chemicals Limited rose 0.5% to Rs 100.95 after the pharmaceutical ingredient maker halted a three day 14.07% decline.

Everonn Education Limited soared 17.1% to Rs 638.70 after the education and training company said it has been selected as the first Microsoft Academy Service partner in India.

Indian Overseas Bank advanced 5% to Rs 135.45 after the bank scheduled board meeting on February 19 to consider preferential allotment of equity shares to the Government of India.

Ind Swift Laboratories Limited rose 0.1% to Rs 103.65 after the pharmaceutical ingredient maker got agency approval from the Government of Japan for manufacturing Sodium drugs at its Punjab facility.

Koutons Retail India Limited gained 4.8% to Rs 31.20 after the textile product maker has appointed SBI Capital Markets to restructure its short term debt schedule.

Mahindra Satyam increased 1.5% to Rs 63.60 after the information technology and communication services agreed to pay $125 million to settle US shareholder litigation.

Neyveli Lignite Corporation Limited increased 2.1% to Rs 107.95 after the lignite mine owner said that it may buy South African coal mines to ensure supply of fuel to its Tamil Nadu power plant.

Pipavav Shipyard Limited gained 3.6% to Rs 83.25 after the shipbuilding company singed a preliminary agreement with the U.S. based Northrop Grumman Overseas Service Corp to tap opportunities in Indian defense sector.

Steel Authority of India Limited increased 1.7% to Rs 166.05 after the steel maker is looking to set up a steel plant in Mongolia worth Rs 15,000 crore.

UCO Bank advanced 2.7% to Rs 107.60 after the bank said the Government of India decided to infuse Rs 940 crore by preferential allotment of equity shares.

Zee Learn Limited surged 19.6% to Rs 25.55 after the education business company on expectations that government will focus on education sector in the budget expected to be announced this month.

Annual Returns

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Earnings

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