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

Business Standard

Power Finance Corporation (PFC) surged 6.95 per cent to Rs 154.60 after the company announced a 32 per cent rise in its fourth quarter net profit. Its net profit rose to Rs 390.58 crore and its total income rose 33.09 per cent to Rs 1819.27 crore in th quarter.

PFC rises 7% on Q4 results

Shares of Bajaj Finserv (BFin) spurted 9.24 per cent to close at Rs 216.85 on the company&rsquo;s plans to foray into asset management. To this effect, the company has penned an agreement with Allianz Global (AG) to set up an asset management joint venture company. AG and BFin will hold 51 per cent and 49 per cent stake, respectively in the proposed joint venture.

Bajaj Fin up on foray into MF biz

Shares of Polaris Software rose 12.91 per cent to Rs 68.20 on announcement of its fourth-quarter results. While the net profit increased 79 per cent to Rs 130.71 crore y-o-y, revenues rose 25 per cent to Rs 1,377.95 crore in the quarter ended March 2009. The stock opened at Rs 63.15 and made an intraday high and low of Rs 71 and Rs 61.5 respectively.

Polaris soars on Q4 results

Shares of Marico surged 5.34 per cent to Rs 67.10 on the announcement of a divestment in the company&rsquo;s subsidiary &mdash; Sundari LLC. The company also announced its fourth quarter results today. The consolidated net profit increased 9 per cent year-on-year to Rs 44 crore , while its revenues grew by 20 per cent y-o-y to Rs 561.2 crore.

Marico rises on 4th quarter results

The Reliance Power stock rose 5.05 per cent to Rs 125.95 on the announcement of financial closure for its Sasan power plant. The Rs 19,400-crore Sasan UMPP will be funded on a 75:25 debt-equity ratio.

R-Power surges on Sasan funding

LIC Housing Finance shares went up by 6.01 per cent to Rs 318.10 on positive fourth-quarter results.

LIC Housing up on Q4 results

KEC International shares rose 3.53 per cent to close the day at Rs 218.70 on securing two orders worth Rs 95 crore from the southern African region.

KEC rises on Rs 95-cr orders

A total of 3,678,657 shares of the bank changed hands on the Bombay Stock Exchange (BSE). The scrip has gained 9.41 per cent since last week and 48.40 per cent since last month.

IDBI Bank surges on Q4 results

PANTALOON RETAIL surged 4.50 per cent to close at Rs 202.05 after 500,000 shares changed hands on BSE in a block deal.

Pantaloon rises on block deal

Dalal Street is likely to open on a positive note on Monday following strong global cues but may also see bouts of volatile trading this week, analysts said.

D-Street may open positively

Press Trust of India

The Jaiprakash (JP) Associates stock rose 3.58 per cent to Rs 130.3 on receiving the go-ahead from its board to raise Rs 4,000 crore through the issue of non-convertible debentures. These funds would be used for its capex programme, working capital needs and for other general corporate purposes.

JP Associates rises on board&#39;s nod to raise Rs 4,000 crore

Bank of Baroda shares increased 2.89 per cent to close the day at Rs 313.7 on the announcement of positive Q4 results. &nbsp;Net profit spurted 172.3 per cent to Rs 752.69 crore in the quarter ended March 2009, while its total income rose 28.5 per cent to Rs 4,992.41 crore in the same period.

Bank of Baroda soars on fourth-quarter results

The KPIT Cummins Infosystems&rsquo; scrip rose 9.94 per cent to close at its intraday high of Rs 44.25 on the announcement of positive fourth-quarter results. The company's net profit grew 28 per cent to Rs 65.82 crore in the quarter ended March 2009, while its revenues rose 36 per cent to Rs 793.2 crore.

KPIT Cummins rises on Q4 results

However, net sales dropped around 7 per cent to Rs 338.06 crore in Q4 March 2009 on a consolidated basis. The stock made an intraday high of Rs 340 and a low of Rs 236.2 with trading volumes of 1.9 million shares.

MindTree up on net profit rise

Shares of Balrampur Chini Mills rose 7.38 per cent to close the day at Rs 69.80 on reports of a decline in sugar production this year. As per the Indian Sugar Mills Association, the estimated forecast output is at 14.7 million tonnes in the year to September 30 (a fall of 44 per cent) compared to 26.5 million tonnes last year.

Balrampur Chini surges on fall in sugar output

The Alstom Projects India stock rose 7.58 per cent to Rs 326.95 on the announcement of positive fourth quarter results.&nbsp;The net profit rose more than 17-fold to Rs 26.19 crore in the quarter ended March 2009, while total income rose 57 per cent to Rs 817.2 crore.

Alstom Projects rises on fourth quarter results

Shares of HMT hit the 10 per cent upper circuit, to Rs 31.90, on reports that the government has allowed 10 sick PSUs, including HMT, to sell their surplus land and raise resources.

HMT rises on govt nod to sell resources

Apollo Tyres shares soared 23.81 per cent to end the day at Rs 18.51 on an announcement that the company&rsquo;s board are considering a buy-back proposal. Apollo&rsquo;s board of directors is set to meet on March 19, 2009 for a consideration of buy-back of shares.

Apollo Tyres up on buyback proposal

Aurobindo Pharma shares rose 6.05 per cent to close the day at Rs 156.05, on completion of a licensing and supply agreement with Pfizer for supply of finished dosage products. Aurobindo has sold marketing rights for 39 generic solid oral dose products for the US and 20 for Europe.

Aurobindo Pharma up on Pfizer supply

Shares of Gemini Communication rose 8.67 per cent to Rs 14.17, after the company bagged India&rsquo;s first mobile Wimax project. The above Rs 67 crore order from Bharat Sanchar Nigam (BSNL) for supply, implementation and maintenance of BSNL&rsquo;s rural mobile Wimax project in telecom circles of Maharashtra, Gujarat, Karnataka, Andhra Pradesh, Chennai, Tamil Nadu and Orissa.

Gemini rises on Wimax project

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