Sunday, August 30, 2009

India Hot Stocks: Unity Infraprojects Rises On Order Win

. Sunday, August 30, 2009

By stockOzone team

The following stocks were on the move at the BSE on Monday.

At 10:37 a.m., the benchmark 30-share BSE index .BSESN was down 0.94 percent at 15,773.07 points.

The 50-share National Stock Exchange Index .NSEI was down 0.95 percent at 4,687.50 points.


* Unity Infraprojects Ltd (UTIL.BO: Quote, Profile, Research) rose as much as 4.88 percent to 372.9 rupees after it won a pipeline order worth 3.25 billion rupees from the Municipal Corp of Greater Mumbai. Shares later eased to be up 4.08 percent at 370.05 rupees.

(10.35 a.m.)

* Cairn India (CAIL.BO: Quote, Profile, Research), a unit of UK's Cairn Energy PLc (CNE.L: Quote, Profile, Research), rose as much as 4.71 percent to 272.2 rupees after it began pumping crude from its Mangala oil field in the Rajasthan block on Saturday, the first major crude oil discovery in the energy-hungry nation in two decades.

Shares were up 4.6 percent at 271.9 rupees.

(10.18 a.m.)


* Allied Digital Services Ltd (ADIS.BO: Quote, Profile, Research) rose as much as 2.45 percent to 513.8 rupees after its board on Friday approved raising up to $50 million from institutional investors and split each share into two.

The company will also issue 100,000 shares to Bennett Coleman & Co Ltd., it told the stock exchange on Monday.

Shares were up 1.67 percent at 509.1 rupees.

(10.02 a.m.)

Disclosure: Author does not own any of the stocks discussed here.

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