The company will settle the loan at a 19 per cent discount, paying Rs 37 crore to DBS, according to the terms of the consent decree signed on Saturday.

Wockhardt up 2.42%

Business Standard

The stock gained 2.6 per cent to close at Rs 606.05, all time high, after the company announced that the insurance giant Life Insurance Corporation (LIC) purchased additional stake in the company through open market purchase. LIC bought 4,80,087 equity shares on November 11, has increased its stake in the company to 10.10 per cent from 9.97 per cent.

BPCL rises 2.6%

The stock gained 4.84 per cent to close at Rs 1,078, an all-time high, after the company announced its domestic auto sales for the month of November 2009 at 21,387 units, compared with 10,430 units in November 2008, an increase of 105.1 per cent.

M&M surges 4.84%

The stock rose 20 per cent to Rs 203.60 after the company announced that it has set up a visual effects studio at Santa Monica in the United States of America with an investment of about $5 million (around Rs 23 crore). The studio is the company&rsquo;s first set-up in the US. It has centres in Tokyo and the UK for the purpose of embedded product and industrial design.

Tata Elxsi rises 20%

Garima Buildporp had made an open offer to acquire 26.83 million equity shares, representing 20 per cent of the fully paid-up equity share capital of the target company, at a price of Rs 21 per share of face value of Re 1 each.

OCL Iron and Steel up 20%

The stock gained 9.8 per cent to Rs 347.70 on shareholders&rsquo; approval to raise Rs 500 crore through an equity issue. The stock has appreciated 16 per cent in the last three days, after the company extended its drug-discovery collaboration with Eli Lilly and Co by another five years.

Jubilant surges 10%

The stock gained 4.3 per cent to close at an all-time high of Rs 345.30, on reports that the company is in talks with Pfizer, world&rsquo;s largest drug maker, to supply generic products for their drugs. As an ongoing business strategy, the company is seeking alliance with other companies for developing products.

Cipla rises 4.3%

The stock rose 5.5 per cent to close at an all-time high of Rs 827.60, on reports that the company might launch its qualified institutional placement (QIP) book this week.

Bajaj Electricals up 5.5%

The stock gained 4.7 per cent to close at Rs 83.05 after the company&rsquo;s German unit REpower got an order to deliver 70 wind turbines to US-based enXco.

Suzlon Energy rises 4.7%

The stock gained 7 per cent to Rs 461.10, on reports that the company would launch its Global Depository Receipts (GDRs) issue this week. The company has already taken shareholders nod to raise additional capital of around $35 million (approx Rs 163 crore) through the GDR issue.

Bilcare rises 7%

The stock rose 5 per cent to Rs 117.80 after the Board of Directors approved the draft scheme of arrangements to be filed with the High Court of Madras.

Binny Ltd surges 5%

The stock gained 3.4 per cent to Rs 342.35 after the Reserve Bank of India made a concession in the foreign borrowings policy for telecom companies seeking to fund their acquisition of third generation (3G) spectrum.

Bharti Airtel rises 3.4%

The stock rose 4.8 per cent to Rs 74.80 after the company entered into a strategic alliance with SAP, the leading Global Talent Development Corporations, to offer training to future SAP consultants in world-leading business software Enterprise Resource Planning and related applications provided by SAP.

NIIT surges 4.8%

The stock jumped 5.9 per cent to Rs 35,766.55 after the government said that it plans to sell 10 per cent stake in the company. The government holds 99.33 per cent stake in the company.

MMTC surges 6%

The stock froze 5 per cent upper limit of circuit breaker to Rs 105.60, after the company announced its board of directors will meet on December 21 to consider the development of properties.

Golden Tobacco jumps 5%

The stock jumped 2 per cent to close at a 30-month high of Rs 671.90, after the company announced its partnership with Ariba Inc, a leading spend management solutions provider, to help companies across the country accelerate their spend-management initiatives.

Wipro up 2%, at 30-month high

The stock gained 2 per cent to close at a 52-week high of Rs 905.80 on reports that cement prices will increase in the first quarter of the calendar year 2010 due to rise in infrastructure activity.

UltraTech up 2%, at 52-wk high

The stock gained 3.8 per cent to Rs 357.10, nine-year high, after the HCL AXON signed a five-year global IT services deal with pharma company GlaxoSmithKline. Under the agreement the company will provide systems integration, SAP implementation and IT consulting services to GSK globally. HCL AXON is the world's largest services provider dedicated to SAP solutions.

HCL Technologies at 9-yr high

The stock jumped 8.4 per cent to Rs 377.30, a 52-week high, after the foreign institutional investor (FII) &mdash; Capital International A/c Emerging Markets Growth Fund Inc bought 1.09 million equity shares at a price of Rs 374.18 per share through block deal on the National Stock Exchange.

Pantaloon Retail at 52-wk high

The stock gained 3.1 per cent to Rs 236.95 on reports that the company earned $4 million (approximately Rs 18 crore) by creating 200 of the 1,600-odd shots in James Cameron&rsquo;s mega Hollywood movie Avatar. The film, with a reported budget of at least $300 million, is one of the most expensive films ever made.

Prime Focus up 3.1%

The stock rose 5 per cent to Rs 208.80, after the parent company, Zee Entertainment, informed that its board would meet on December 23 to consider restructuring of the ETC Networks. The company is engaged in the business of education and entertainment channels.

ETC Networks up 5%

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