Following stocks are likely to be in the limelight today, November 06.
Tata Steel, is going ahead with its plan to increase annual capacity at its Jamshedpur unit to 10 million ton, bucking industry trend that has seen most steel companies either roll back their expansion plans or defer them, reports Economic Times. Shares of the company closed down Rs 24.1, or 10.05%, at Rs 216**.
Bharti Airtel has sought the government`s approval to pick up 65% in Bharti Teleports, a newly formed uplinking company, report Economic Times. Shares of the company closed down Rs 32.55, or 4.54%, at Rs 685**.
Puravankara Projects, one of the leading real estate development companies in India, registered a decline of 16.17% in the consolidated net profit in the second quarter ended September 2008. During the quarter, the profit of the company fell to Rs 504.7 million from Rs 602.1 million in the same quarter, previous year. Shares of the company gained Rs 0.5, or 0.94%, to settle at Rs 54**.
Era Infra Engineering reported a substantial rise in its standalone net profit for the second quarter ended September 2008. During the quarter, the profit of the company rose 44.30% to Rs 356.69 million from Rs 247.19 million in the same quarter, previous year. Shares of the company declined Rs 2.65, or 3.51%, to settle at Rs 73 **.
Sun Pharmaceutical Industries announced that USFDA has granted approval for the Abbreviated New Drug Application (ANDA) to market generic Sinemet, Carbidopa and Levodopa tablets. Shares of the company gained Rs 107.7, or 10.22%, to settle at Rs 1,162**.
Great Offshore announced that the company completed all procedural formalities and has acquired 100% equity stake valuing Rs 1.60 billion in two companies namely KEI-RSOS Maritime and Rajamahendri Shipping and Oilfield Services. Shares of the company declined Rs 5.65, or 1.68%, to settle at Rs 332**.
**Closing share prices as on Wednesday, November 05.