Roman Tarmat rose by 8.15 per cent to close at Rs 27.20 after the engineering and construction company announced an increase in the promoter's stake during trading hours. Dilip Varghese, promoter of Roman, increased his stake from 8.77 per cent to 9.21 per cent in the company after buying 1,009,000 shares from the open market on March 13. The stock touched a high of Rs 28.05 and a low of Rs 25.10 in intraday trade. A total of 8,035 shares changed hands on the BSE.

Roman Tarmat up on rise in promoter&#39;s stake

Business Standard

Hindalco surged by 5.66 per cent to close at Rs 47.60 on the aluminium maker's plan for financial restructuring to protect the operating margins from the adverse impact of huge costs incurred on account of acquisitions. The stock touched a high of Rs 28.05 and a low of Rs 25.10 in intraday trade. The firm is engaged in mining of bauxite and refining it into alumina. Its other operations are smelting of alumina into aluminum, making semi-fabricated rolled and extruded products.

Hindalco surges on financial rejig

Everonn Systems India spurted 63.8 per cent last week after the company announced that it has secured a contract from Ramaiah Medical College and Teaching Hospital, Bangalore for installing a studio to facilitate the process of e-learning and for networking to continue medical education (CME).

Everonn up on new biz

Ingersoll Rand gained 44 per cent during the week as the company announced that its board of directors will meet on March 24, 2009 to consider a buyback of equity shares. The trading volumes spurted manifold on the exchanges on new of the buyback.

Ingersoll Rand soars 44%

Shares of Subhash Projects rose 13.8 per cent to close the day at Rs 53.20, after the company bagged an order worth Rs 492 crore from a Mumbai suburban municipal corporation. The company has been awarded this contract under design, build and operate basis for underground sewerage scheme.

Subhash surges on Rs 492-cr order

Ranbaxy Laboratories increased 10.8 per cent to close the day at Rs 161.05 on news that the company received Medicines and Healthcare Products Regulatory Agency (UK) and Therapeutic Goods Administration (Australia) approvals for good manufacturing practice for its plant at Paonta Sahib in India.

Ranbaxy rises on nods for plant

Kalpataru Power Transmission shares rose 6.6 per cent to close the day at Rs 313.25, after the company bagged three orders worth Rs 399 crore from Power Grid Corporation.

Kalpataru up on Rs 399-cr orders

Shares of Omaxe spurted 7.21 per cent to Rs 46.10, after the company launched &quot;Omaxe Eternity&quot; in Vrindavan, spread over 52 acres and worth Rs 250 crore.

Omaxe surges on launch of Eternity

Shares of Tata Power increased by 7.12 per cent to close the day at Rs 740.20, after the company announced that it had received an amount of Rs 316.72 crore for a sale of its partial holdings in Tata Teleservices (TTSL).

Tata Power up on TTSL stake sale

An open offer announcement helped Novartis India&rsquo;s scrip hit&nbsp;the upper circuit of 20 per cent to close the day at Rs 330.70. The company&rsquo;s parent &ndash; Novartis AG -- will make an open offer to acquire up to an additional 39 per cent (the Swiss major already has a 51 per cent stake) at Rs 351 a share.

Novartis surges on open offer

Rain Commodities rose 8.26 per cent to close at Rs 77.35, ahead of the board meeting on March 28 to discuss the share buyback.

Buyback spurs Rain Commodities

Orchid Chemicals and Pharmaceutical spurted 10.19 per cent to Rs 70.85 on the news that the company has bought back bonds worth $25.7 million.

Orchid Chem high on bond buy

MATRIX LABORATORIES surged by 19.98 per cent to close at Rs 141.40 after the parent company Mylan Inc said that it plans to acquire the remaining 29 per cent stake in it and delist it from the stock exchanges.

Matrix surges 20% on delisting plans

SASKEN COMMUNICATION rose by 18.42 per cent to close at Rs 60.75 after the company entered into an agreement with British satellite communications firm Inmarsat to complete the development of a global satellite hand-held phone.

Sasken rises 18% on Inmarsat deal

On Friday, Novartis India closed at Rs 359.50 on the BSE. It had breached the Rs 351-mark, the level at which its Swiss parent Novartis AG had announced an open offer to buy an additional 39 per cent stake. Even before that, the Novartis India stock had spurted 20 per cent during Wednesday&rsquo;s session, boosted by the parent&rsquo;s open offer announcement before trading hours.

Novartis surpasses buyback price level

Shares of Tanla Solutions spurted 13.03 per cent to Rs 29.5 after the company formed a joint venture with Spanish firm Zed Worldwide Holdings at a joint investment of Rs 63 crore.

Tanla Solutions surges on JV

Cadila Healthcare shares rose 5.61 per cent to close the day at Rs 271.30 on news that the company's unit Zydus Cadila signed a new drug discovery and development agreement with Eli Lilly in cardiovascular research.

Cadila rises on Eli Lilly agreement

Nagarjuna Fertilizers &amp; Chemicals (NFCL) shares increased 4.92 per cent to close the day at Rs 17.05 on the news that fertiliser stocks like NFCL would stand to gain from the Bombay High Court order, allowing Reliance Industries to sell gas from the Krishna-Godavari basin at $4.20 per million British thermal unit.

NFCL up 4.92% on KG basin gas order

The Gail India scrip rose 3.64 per cent to Rs 202.25 on the announcement that Indian Farmers Fertiliser Cooperative (FFC) has signed an MoU with it for cooperation in natural gas sector-related opportunities.

Gail rises 3.64% on new MoU with FFC

Ultratech Cement shares increased 5.62 per cent to Rs 411.7, after Aditya-Birla group cement shipments rose 7.4 per cent y-o-y to 3 million tonnes (MT) along with production rising 9.8 per cent to 3.04 MT. The group cement business includes Ultratech Cement and Grasim Industries.

Ultratech up 5.62% on rise in shipments

Bharat Heavy Electrical (Bhel) shares rose 2.36 per cent to Rs 1,338.27 on the announcement that the company would set up a joint venture with Kerala Electrical &amp; Allied Engineering company (KEL) for manufacturing products for railways and other industries. Bhel has signed a MoU with KEL to this effect.

Bhel rises 2.36% on JV with KEL

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Roman Tarmat up on rise in promoter's stake