09 February, 2010 22:17 IST
News
Stocks to watch: L&T, RCom, SAIL...
Source: IRIS (06-OCT-09)
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Following stocks are likely to be in limelight today, October 6.

Jaiprakash Associates reported a 13% jump in its cement sales for September at 692,000 tons. Shares of the company declined Rs 7.5, or 3.14%, to settle at Rs 231.50**.

Ranbaxy Laboratories said it would market products from Daiichi Sankyo`s portfolio in Mexico through its Latin America-based subsidiary, Ranbaxy Mexico S A De C V. Shares of Ranbaxy Laboratories declined Rs 6.15, or 1.51%, to settle at Rs 401.75**.

Larsen & Toubro (L&T) expects its railway business to garner USD 1 billion annually in the next 4-5 years. The company for the year 2009-2010 budgeted an order inflow of Rs 30 billion for railway business and expected to clock sales turnover of Rs 10 billion. Shares of the company closed down Rs 10.55, or 0.63%, at Rs 1,654.90**.

Madhucon Projects joint venture (JV) today bagged an order worth USD 3.9 million from department of roads, government of Nepal. Shares of the company declined Rs 10.3, or 3.94%, to settle at Rs 251.45**.

A breakthrough in the three-year old dispute over ownership of Chiria mines between SAIL and the Jharkhand government remained elusive as a high-level meeting ended inconclusively on Monday, October 05. Shares of SAIL close down Rs 6.85, or 4.06%, at Rs 162.05**.

Bharati Shipyard said it wanted to gain management control of the country`s largest integrated offshore services provider Great Offshore. Shares of Bharati Shipyard closed down Rs 6.05, or 3.01%, at Rs 194.95**.

Intensifying the tariff war in the fast-growing telecom market, Anil Ambani group firm Reliance Communications (RCom) has cut all call rates to 50 paise per minute flat across networks effective from Tuesday. Shares of RCom closed down Rs 17.8, or 5.6%, at Rs 300.20**.

Parsvnath Developers is in talks with various private equity funds to raise around Rs 6 billion by the end of 2009-10 by selling stakes in its projects. Shares of the company closed down Rs 7.3, or 4.95%, at Rs 140.25**.

**Closing share price as on Monday, Oct 5, 2009.

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