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

Business Standard

The stock of Ion Exchange India rose 10.32 per cent to Rs 76.4 on winning a Rs 126.3 crore order from NTPC Tamil Nadu Energy Company, a JV between NTPC and Tamil Nadu Electricity Board. Ion Exchange will be setting up a sea water reverse osmosis plant for the JV's thermal power plant near Chennai.

Ion Exchange rises on Rs 126-cr order

The Indiabulls Securities scrip increased 10.55 per cent to Rs 23.05, after its board approved a buyback of shares. The shares will be purchased from the open market at a maximum price of Rs 33 a share and will cost the company Rs 83.18 crore.

Indiabulls soars on buyback approval

The Mercator Lines scrip spurted 23.12 per cent to close at Rs 31.15 on news that the Baltic Dry Index had reported the biggest daily increase in almost 25 years. The Baltic benchmark which measures the freight costs for dry bulk commodities has increased by around 15 per cent on signs of revival in the raw materials trade.

Mercator up as Baltic index hits record

Areva T&amp;D India shares rose 2.34 per cent to end the day at Rs 185.7 after its parent, Areva of France signed an agreement with Nuclear Power Corporation of India (NPCI). The deal, which is worth more than 8 billion euros, will entail a supply of two European pressurised reactors of 1,650 megawatt capacity, to be set up at Jaitapur, Maharashtra.

Areva T&D rises on NPCI agreement

BEML shares went up 7.82 to Rs 371 on bagging a Rs 1,672.5 crore Bangalore metro order for 150 metro rail coaches from the Bangalore Metro Rail Corporation. It is also likely to get an additional order for 63 coaches for proposed metro lines in Bangalore.

BEML rises on B'lore metro order

Nagarjuna Construction Company shares jumped 8.93 per cent to Rs 50.6 on news that the company has secured four orders aggregating to Rs 712 crore. These include a Rs 360 crore order from the Singareni Collieries Company, a Rs 161 crore order from National Buildings Construction Corporation, besides an order from Bangalore Metro Rail Corporation of Rs 150 crore.

Nagarjuna soars on Rs 712-cr orders

Praj Industries (Praj) shares jumped 11.25 per cent to Rs 62.3 on the announcement that the company has developed an innovative technology to manufacture ethanol. This is in addition to a patent it had applied for to produce ethanol from corn cob and sugarcane bagasse.

Praj rises on new enthanol technology

Shares of Subhash Projects &amp; Marketing rose 5.82 per cent to Rs 49.1, after the company was awarded an Rs 585.98 crore order by the Andhra Pradesh government for the Pranahitha-Chevella lift irrigation scheme. The work includes investigating, designing and execution of water conveyor system.

Subhash Projects up on irrigation order

Shares of Uco Bank increased 3.58 per cent to Rs 28.9 on news that the Kolkata-based bank would receive Rs 1,200 crore of capital infusion. The capital infusion from the government is to be done in two tranches.

UCO Bank rises on capital infusion news

House of Pearl Fashions shares rose 2.97 per cent to close the day at Rs 46.85 on news that operations at its subsidiary, Nor Pearl Knitwear, Bangladesh are going to be restructured.

House of Pearl up on restructuring of arm

The Sanwaria Agro Oils stock rose 7.86 per cent to Rs 25.4 on news that the company has completed its capacity expansion and started commercial production from its acquired facilities situated at Harda and Betul (MP). Group's total soya crushing capacity now stands at 3,250 MT per day. The performance of expanded capacity will be reflected in the results from Q4 FY09 onwards. The stock made an intraday high of Rs 27 and a low of Rs 22.8 with trading volumes of 6,212 shares. The stock made a 52-week high of Rs 111 (May 23, 2008) and a low of Rs 19.75 (February 05, 2009).

Sanwaria Agro up on capacity expansion

Shares of Mold Tek Technologies increased 2.94 per cent to close the day at Rs 26.25, after the company signed a pact to acquire assets and business of RMM Global, Ohio, USA and its associate Company, TechNet Engineering Services, Mumbai for $700,000. RMM Global and TechNet provide structural steel detailing services to US-based clients. The stock made an intraday high of Rs 29.45 and a low of Rs 24.2 with trading volumes of 4,917 shares. The scrip made a 52-week high of Rs 124.5 (February 18, 2008) and a low of Rs 23.65 (February 04, 2009).

Mold Tek rises on  US firm acquisition

Shares of Bartronics India rose 10.48 per cent to Rs 84.85, after the company announced on Saturday it has bagged a build-operate-transfer order from the Municipal Corporation of Delhi. The project will involve setting up 2,000 kiosks in Delhi.

Bartronics rises on kiosk order

MRO-TEK shares appreciated 4.7 per cent to close the day at Rs 23.4 on announcement that its board will be meeting on February 25, 2009 to consider a buy-back of company's equity shares, at prevailing market rates, through the stock exchange mechanism.

MRO-TEK up on buyback buzz

Shares of Oracle Financial Services Software rose 3.85 per cent to Rs 701.5, after the company released its new version of Oracle Flexcube Direct Banking. The new solutions help to integrate retail, corporate banking and investment services across multiple entities and channels.

Oracle up on new banking solution

Hexaware Technologies shares increased 7.36 per cent to close the day at Rs 31.35 on an announcement of a eight-fold increase in its consolidated net profit to Rs 58.98 crore over the corresponding period a year ago. Consolidated income rose to Rs 1,151.91 crore in the latest financial year (CY08) from Rs 1,030.80 crore a year ago.

Hexaware soars on rise in net profit

Shares of Srei Infrastructure Finance spurted 14.62 per cent to Rs 37.25, after Srei-led consortium won the country's first light rail transit system. The Rs 6,000 crore project would be developed by a consortium led by Srei with Czech-based Amex International and West Bengal Transport Infrastructure Development Corporation.

Srei Infra soars on light rail order

Bharat Petroleum Corporation (BPCL) shares increased 5.46 per cent to close the day at Rs 416.55, following a reduction in crude oil prices below $35 per barrel. Lower crude prices have helped oil marketing companies like BPCL which would gain through lower under-recoveries and higher realisations from petroleum product sales.

BPCL rises as crude oil prices decline

Shares of Gayatri Projects surged 10 per cent to Rs 74.3, after company's JV with Ratna Infrastructure Projects bagged a Rs 2,132 crore order from Andhra Pradesh government. The project which involves the construction of a 62-kilometre tail pond link canal is part of the Dummugudem-Nagarjuna Sagar project.

Gayatri Projects up on Rs 2,132-cr order

The Usher Agro scrip hit the 5 per cent upper circuit on news that a part of its Mathura plant has started operations. The stock ended the day at Rs 40.65. The company commenced commercial production for a line of its rice mill (capacity 1,00,000 MTPA) at Chhata, Mathura.

Usher Agro rises on start of plant ops

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