The stock opened at Rs 651 and made an intraday high of Rs 689.8 with trading volumes of 8.92 lakh shares. The scrip delivered returns of 10 per cent in the last one week.

L&T rises on Rs 1,100 cr order

Business Standard

Shares of Geodesic surged by 6.55 per cent to Rs 66.65 on buyback of foreign currency convertible bonds (FCCBs). The company announced this after the market closed on Tuesday.

Geodesic surges on FCCB buyback

Alfa Laval shares rose 4.86 per cent to close at Rs 899 on reports the firm has bagged an order for heat exchangers from an Indian aluminium company.

Alfa Laval rises on Rs 39-crore order

Suzlon Energy shares surged 8.91 per cent to Rs 50.75 on news that the company&rsquo;s US subsidiary signed a $45 million order with US-based Duke Energy to provide 20 units of the S88-2.1 MW wind turbine.

Suzlon surges on $45-million deal

Bhagya-nagar India shares surged 16.62 per cent to close at Rs 18.95 on an announcement that the firm&rsquo;s board is considering a buyback proposal. The board will meet on April 9 to consider a buyback of equity shares.

Bhagyanagar up on buyback buzz

Tanla Solutions, a telecom infrastructure solutions provider, surged 39 per cent on the Bombay Stock Exchange (BSE) this week, rising from Rs 26.10 to Rs 36.40. The company announced that it would form a joint venture with Spain-based Zed Worldwide Holdings at an investment of about Rs 63 crore. Zed is a global leader in mobile entertainment services and has presence in 54 countries.

Tanla surges on JV plan

Kirloskar Brothers shares spurted 10.37 per cent to Rs 90.5, after the company bags an Egyptian order worth Rs 110 crore. The order is from the mechanical &amp; electrical department, Ministry of Water Resources and Irrigation, Egypt.

Kirloskar up on Rs 110-crore order

Shares of Pokarna hit the upper circuit of 20 per cent to close at Rs 33 on news that the company has started production at its engineering stone division (ESD) at Visakhapatnam.

Pokarna soars on start of unit ops

Essar Oil shares rose 8.43 per cent to 129.9 on reports that the company is closing in on a deal to acquire a 50 per cent stake in Kenya Petroleum Refinery (KPRL) and is in discussions with the Kenyan government to this effect.

Essar Oil soars on Kenyan deal buzz

Shares of NIIT surged 7.57 per cent to close the day at Rs 24.15 after the company's announcement to provide information and communications training in 29 municipal schools in New Delhi.

NIIT rises on civic school order

Shares of Suven Life Sciences hit the upper circuit at 20 per cent to close at Rs 16.92 on the completion of phase-I trials of an Alzheimer drug. The SUVN-502 molecule are intended to treat Alzheimer's disease, schizophrenia and other memory disorders.

Suven Life surges on drug trial

Shares of Natco Pharma surged 14.8 per cent to Rs 59.35 after the company&rsquo;s announcement of a collaboration with Lupin to commercialise generic equivalents of Lanthanum Carbonate tablets.

Natco rises on tie-up with Lupin

Salora International rose 33.5 per cent last week from Rs 26.95 to Rs 33.05 on the back of open market purchases by its promoters.

Salora rises on promoter buys

Dalal Street is likely to open on a positive note this week following improvement in global cues, while IT major Infosys&rsquo; guidance announcement for FY10 may bring in some consolidation in the market, analysts say.

Infosys&#39; guidance  holds the key

Press Trust of India

Tech Mahindra shares spurted 12.31 per cent to Rs 359.45 on confirmation that Venturbay Consultants, a subsidiary of the company was adjudged the highest bidder to acquire a controlling stake in Satyam Computer Services.

Tech Mahindra up on Satyam bid

Shares of Pfizer surged 10.02 per cent to close the day at Rs 685.4 on an announcement that Pfizer Investments Netherlands BV, an indirect subsidiary of Pfizer will tender an open offer to acquire a 33.77 per cent shares in Pfizer India.

Pfizer rises on open offer

The scrip of GARWARE OFFSHORE Services hit the upper circuit of 20 per cent to close at Rs 92.4 after the company secured a three-year contract from Oil and Natural Gas Corporation (ONGC). The company is expected to rake in an annual revenue of Rs 35 crore.

Garware high on ONGC contract

Engineering giant Larsen &amp; Toubro&rsquo;s (L&amp;T) stock rose 6.65 per cent on news that the company had signed an agreement with Atomstroyexport (ASE) for co-operation on VVER 1000 nuclear power reactors. According to the pact, Larsen &amp; Toubor and ASE will cooperate in the construction of new power units in Kudankulam and for plants at new sites in India and abroad.

L&T rises 6% on pact with ASE

Shares of Supreme Industries were up 5.59 per cent to Rs 168.25 on the announcement of the positive Q3 results.

Supreme rises on Q3 results

Shares of Gitanjali Gems surged 16.53 per cent to Rs 84.95 after the company announced its plans to buy back shares from April 17. The company&rsquo;s buyback involves lifting 1.2 crore shares (of face value Rs 10) from open market at a price not exceeding Rs 120 per share totalling Rs 144 crore payable in cash.

Gitanjali Gems soars on buyback

HCL Infosystems rose 3.40 per cent to Rs 88.15 on reports that its subsidiary HCL Infocomm has entered into a joint venture with Nokia to set up retail outlets.

HCL Info climbs 3.4% on Nokia JV

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