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

Business Standard

Century Enka shares hit the 10 per cent upper circuit to Rs 132.85 on a five-fold increase in net profit. Its net profit went up to Rs 28.35 crore in the June quarter, while net sales came down by 11 per cent to around Rs 308 crore in the same period. A decrease in raw material costs also helped the company. The stock opened at Rs 121 and made an intraday high of Rs 132.85 and a low of Rs 119.5. At Rs 132.85, the stock touched its 52-week high with trading volumes of 1.11 lakh shares.

Century Enka hits upper circuit on better numbers

The Maruti Suzuki scrip surged 6.44 per cent to Rs 1,295.55 on healthy quarterly numbers. The company reported a 25.3 per cent jump in its net profit for the quarter ended June 30 to Rs 583.54 crore. Net sales during the first quarter soared by 34.01 per cent. Maruti had sold 2.27 lakh vehicles in the first quarter, up 17.73 per cent, compared with the previous corresponding period. The stock opened at Rs 1,220 and made an intraday high of Rs 1,305.5. Total traded volumes were 5.24 lakh shares on Thursday.

Maruti surges on healthy first quarter results

Torrent Power shares rose 9 per cent to Rs 214 after its Sugen plant entered commercial operation. The company has started commercial generation of electricity from the second unit of Sugen power plant (gas-based combined cycle power plant). With this, the installed capacity stands at 765 MW from the two units. The third unit is also expected to commence commercial operation during the quarter.

Torrent Power rises 9 per cent

The Godrej Consumer Products scrip surged 8.45 per cent to Rs 225 on healthy quarterly numbers. The consolidated net profit increased 78 per cent for the June quarter to Rs 70 crore, while revenues increased 21 per cent to Rs 439 crore during the quarter.

Godrej Consumer up on Q1 results

Karur Vysya Bank shares rose 5.57 per cent to close at Rs 323.1 on healthy quarterly numbers. Total income rose 30 per cent y-o-y to Rs 487.4 crore for the June quarter on the back of a robust increase in core and other income. Net profit grew by 130 per cent to Rs 70.35 crore in the same period on the back of lower provisioning.

Karur Vysya gains on June quarter numbers

The Tata Motors scrip surged 10.47 per cent to Rs 414.2 on posting a 57 per cent growth in net profits. The net profit stood at Rs 513.8 crore for the quarter ended June 30 against Rs 326.1 crore in the corresponding quarter last year.

Tata Motors surges on good Q1 results

Gujarat Gas Company surged 14.18 per cent to Rs 368.8 on earnings and bonus. The board has recommended the issue of one bonus equity share for every one equity share of Rs 2 each held. Topline rose 8.5 per cent y-o-y to Rs 337 crore in June quarter, while bottomline increased 8 per cent to Rs 47.6 crore.

Gujarat gas company up 14%

Rural Electrification Corporation (REC) rose 4.86 per cent to Rs 187.6 on healthy quarterly numbers. The net profit rose 73 per cent to Rs 471.8 crore in the first quarter ended June 30, 2009, while total income rose 47.5 per cent to Rs 1,509 crore during the same period.

REC surges on healthy quarterly numbers

Shares of Voltas spurted 20.55 per cent to Rs 118.2 on announcement of decent FY09 results. Net profit for the year ended March 31, 2009, increased by 21 per cent to Rs 251.40 crore, while total income rose 34 per cent to Rs 4,361.72 crore during the period.

Voltas jumps on decent results

Tata Steel scrip rose 7.8 per cent to close at Rs 437.95 on getting lenders' nod for easier Corus loan terms. Corus lenders have approved easing certain terms for a 3.7 billion pound Corus acquisition-related debt, after it agreed to infuse 425 million pounds into the European business.

Tata Steel up on easier loan terms

The Bajaj Hindusthan scrip rose 6.6 per cent to Rs 159.65 on announcement that the company has repurchased foreign currency convertible bonds (FCCBs) worth $17.93 million for cash at a discount. A total of $119.5 million was outstanding prior to this. After purchase and cancellation, the total outstanding FCCBs will be worth $101 million.

Bajaj Hind up on FCCB move

The stock opened at the upper circuit and maintained that price throughout the day. The scrip made a 52-week high of Rs 3,961 (June 3, 2008) and a low of Rs 141.85 (May 5, 2009).

KGN Industries hits upper circuit

Nucleus Software Exports spurted 13.7 per cent to Rs 106.75 on an overseas order. The company has bagged a contract for its software product FinnOne from United Finance Co (UFC) of Oman. Nucleus&rsquo; FinnOne will now power UFC with its lead management system and customer service module, to be implemented across 7 branches of the company.

Nucleus Soft spurts on Oman deal

Shri Lakshmi Cotsyn hit the 5 per cent upper circuit on capital expenditure plans. The board will meet on June 9 to consider a capital expenditure of Rs 1,200 crore for various projects. Along with the capex plan, the board will also consider an allotment of 25 lakh warrants convertible into equity shares of Rs 10 each at a premium of Rs 40 to the strategic investors on preferential basis.

Lakshmi Cotsyn up on capex plans

Kinetic Engineering hit a 5 per cent upper circuit to Rs 55.65 on bagging an order from an European automobile manufacturer. The order requires it to supply specialised transmission gear assemblies. The project is expected to be implemented over the next 12-15 months.

Kinetic Engg hits circuit on European order

Nitin Fire Protection rose 3.84 per cent to close at Rs 312.45 on announcement of its fund-raising plans. The board today approved plans to issue capital of up to $50 million through sources such as QIP.

Nitin Fire Protection surges on fund plans

The shares of eClerx Services hit the 5 per cent upper circuit today on the back of healthy FY09 results. It closed the day at Rs 237.20. In the financial year ended March 31, 2009, the company&rsquo;s consolidated net profit jumped 38 per cent to Rs 61.78 crore.

eClerx Services hits upper circuit on FY09 results

The Gwalior Chemical Industries scrip rose 4.17 per cent to Rs 107.30 on the sale of its Nagda chemical unit to German chemicals manufacturer Lanxess for Rs 536 crore. The company plans to use the proceeds of the sale towards its power generation business and for the manufacture of high-value specialty chemicals at Ankleshwar.

Gwalior Chem rises 4% on unit sale

The Infotech Enterprises scrip rose 7 per cent to Rs 179.15 on bagging a multi-million dollar project from a Malaysian company. The company signed a five-year contract with iTEC to implement an enterprise geographic information services system for Tenaga Nasional Berhad - the largest power utility in Malaysia.

Infotech Enterprises rises 7% on Malaysian order

Shares of Satyam Computer hit the 10 per cent upper circuit closing the day at Rs 66.85 after publishing financials.

Satyam Computer hits upper circuit after publishing financials

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