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Wednesday, September 27, 2006

Movers & Shakers


  • Sterling Biotech attracted unabated buying on reports that the company will acquire China Gelatin in an all-cash deal.
  • NIIT rallied sharply on launching IFBI in a tie-up with ICICI Bank.
  • Asian Tea & Exports hit the upper circuit breaker of 5% after the company reported that it would take on lease a tea production facility and increase the capacity to produce 2 million kilogram of black tea per annum.
  • Radha Madhav Corporation was frozen at the upper limit of 5% on receiving a packaging order worth Rs3.25 lakh from Reliance Retail.
  • Alok Industries inched lower despite reporting that it will acquire a 60% stake in the Czech Republic-based Mileta International.
  • Northgate Technologies fell sharply despite announcing the company's proposal to raise $35 million.
  • Sujana Universal eased even as the company proposed to raise $15 million by selling equity shares through the GDR route.