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Monday, September 18, 2006

Movers & Shakers


* Bharat Earth Movers rose on entering into a deal with CCC for starting a joint venture company in Brazil.

* Southern Ispat hit the upper circuit breaker of 5% on its proposed plans to set up an integrated steel plant at Kannur in Kerala at a cost of Rs500 crore.

* Suzlon Energy moved up on bagging an export order from John Deere Wind Energy.

* Financial Technologies advanced after the MCX and the ZCE signed a MoU for working together that could mutually benefit both the exchanges.

* Wockhardt inched up on reports that it has signed a MoU with MIDC for setting up an SEZ at Aurangabad.

* Venus Remedies dropped despite announcing the launch of a new formulation, Fejet-od.

* Satyam Computer Services slipped despite signing a deal with the University of Melbourne for undertaking joint research projects.

* PBM Polytex inched lower despite announcing plans to set up a windmill power project.