Motherson Sumi Systems surged 11.24 per cent to Rs 94 on bagging a Rs 4,000-crore deal from German car makers. The company&rsquo;s subsidiary, Samvardhana Motherson Reflectec, has received orders for supplying mirrors worth approximately Euro 500 million.

Motherson Sumi up on German order

Business Standard

The Infosys Technologies scrip rose 4 per cent to close the day at Rs 2,181.35 on bagging a five-year applications and outsourcing deal from BP, an oil and gas major. Further financial details are awaited. Infosys will operate a large portion of BP&rsquo;s business systems.

Infy up 4 per cent on order from BP

Kavveri Telecom Products rose 4.15 per cent to Rs 48.9 on the acquisition of a design and development firm in Canada by the company's subsidiary. Kavveri Technologies, the wholly owned subsidiary has acquired Trackcom Systems International, Canada. With this acquisition, Kavveri will have access to portfolio of RF products and antennas useful for space, defence and telecom applications.

Kavveri Tele surges on Canadian buy

The ONGC scrip rose 7 per cent to close at Rs 1,126.45 on fuel price hike. The government raised the price of petrol by Rs 4 a litre and diesel by Rs 2 after market hours on July 1. Following the hike, experts believe that the ONGC's subsidy burden for the current year would reduce if the crude prices stay at around $70 a barrel. The stock opened at Rs 1,081.1 and made a high of Rs 1,155.7 and a low of Rs 1,076.1. The total traded volumes stood at 1.9 million shares (around 4 times its two-week average).

ONGC jumps on fuel price hike

The Marico scrip rose 12.7 per cent to Rs 80.4 on the hope that the Union Budget&rsquo;s rural thrust would drive up demand for consumer goods.

Marico up on Budget's rural push

The country's second largest refiner Bharat Petroleum (BPCL) rose 4.3 per cent to Rs 463.9 on reports that crude oil prices slipped to a six-week low. Prices fell below $63 a barrel and this moderation, experts believe, would favour oil marketing companies. Recently, the government increased auto fuel prices with a hike of Rs 4 a litre for petrol and Rs 2 for diesel. Besides BPCL, other refineries such as IOC and HPCL ended the day with gains.

Bharat Petro jumps on oil price slippage

The IndusInd Bank scrip rose 7.1 per cent to close at Rs 83.25 on announcement of healthy quarterly numbers. Net profit jumped four-fold to Rs 86.50 crore for the quarter ended June 2009, while total income rose 37 per cent to Rs 801 crore in the same period.

IndusInd reaps quarterly numbers' benefit

Shares of Satyam Computer Services rose 3.62 per cent to Rs 73 after the company got the CLB nod for preferential allotment to Tech Mahindra (TechM). Following a poor response from public shareholders &mdash; with only 0.04 per cent shares tendered in the open offer &mdash; TechM will add 1.99 million shares through preferential allotment.

Satyam up on CLB nod

Educomp Solutions shares rose 13.38 per cent to close at Rs 3,902.85 a share on its board&rsquo;s approval to raise funds. Educomp plans to raise Rs 607 crore by issuing 16.2 lakh shares at Rs 3,745 a share through private placement of shares with qualified institutional buyers.

Educomp rises on fund-raising plan

The BGR Energy Systems&rsquo; scrip surged 5.2 per cent to Rs 278.65 on reports that it has bagged a project worth Rs 1,632 crore from Maharashtra Power Generation Corporation for expansion of 2X500 Mw Chandrapur super-thermal power station.

BGR Energy rises on new order from Maharashtra

Sun Pharma rose 2.6 per cent to Rs 1,149.75 after the company and its subsidiary, Caraco Pharma, entered into agreement with Forest Labs and H Lundbeck over Lexapro. Under the agreement, Sun would licence certain patent applications related to synthesis of escitalopram and citalopram to Lundbeck in exchange for an upfront payment and royalty on sales.

Sun Pharma up on patent deal with Forest Labs

The ABB scrip rose 3.72 per cent to Rs 683 on the back of the company winning orders worth Rs 141 crore for sub-stations from the Maharashtra State Electricity Transmission Company.

ABB up on new order

Ramco Industries&rsquo; shares hit the 20 per cent upper circuit to close the day at Rs 839.6 after an annoucement that the company&rsquo;s board will meet on July 23 to consider issue of bonus shares and a stock split.

Ramco rises on stock split

The Bajaj Auto Finance scrip hit the 20 per cent upper circuit to close at Rs 177.35 on healthy quarterly numbers. The net profit for the June quarter jumped five-fold year-on-year to Rs 15.21 crore while total income increased 48 per cent to Rs 189.85 crore.

Bajaj Auto Fin hits upper circuit

OnMobile Global shares surged 13.15 per cent to Rs 516.75 on news of the company inking a pact with Spain&rsquo;s Telefonica. Under the agreement, OnMobile will provide value-added services like music radio, soccer portal and voice search to Telefonica&rsquo;s customers across 13 Latin American countries.

OnMobile up 13% on pact

The Tata Consultancy Services (TCS) scrip surged 15.34 per cent to close the day at Rs 500.1 on healthy quarterly numbers. TCS&rsquo; April-June quarter net was up 19 per cent Y-o-Y to 1,534 crore while revenues grew 12 per cent to Rs 7,207 crore.

TCS up 15.3% on Q1 result

BASF India shares surged 9.7 per cent to Rs 271.35 on steady quarterly numbers. The company&rsquo;s net profit for the June quarter rose 12 per cent year-on-year (Y-o-Y) to Rs 41 crore while net sales remained flat at Rs 38.21 crore.

BASF up on steady number

Tata Steel shares rose 5.28 per cent to close at Rs 411.75 on its plans to raise funds from global investors. Tata Steel may raise $500 million through global depository receipts (GDR). Each GDR is priced at $7.644 and its rupee equivalent price works out to about Rs 372.3 per share, a discount of 9.6 per cent over the closing market price on Tuesday.

Tata Steel surges on GDR plan

The Petron Engineering Construction scrip surged 5.4 per cent to Rs 115.9 on bagging a fresh order. The company has received a Rs 48-crore order from Jaiprakash Associates.

Petron Engg up on Jaiprakash order

The ING Vysya Bank scrip surged 8.55 per cent to Rs 201.15 on healthy quarterly numbers. Net profit for the June quarter rose 48.3 per cent year-on-year to Rs 60.26 crore while income increased 22.5 per cent to Rs 742.85 crore.

ING Vysya Bank up on good show

Moser Baer shares rose 5.23 per cent to Rs 81.55 on reports that it has settled a long-drawn licensing and patent dispute with Philips over recordable CDs and DVDs.

Moser Baer up on patent settlement

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