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Thursday, October 05, 2006

Movers & Shakers


  • Micro Technologies hit the upper circuit breaker of 10% on getting the nod from the Department of Explosives of the Ministry of Commerce and Industry to use its security products in petroleum road tankers.
  • Orient Paper & Industries was frozen at the upper limit of 5% on the company�s proposal for a rights issue and expansion plans.
  • Gujarat State Fertilisers & Chemicals gained on setting up a joint venture company called Tunisian Indian Fertilizers.
  • Subex Azure advanced on signing a partnership deal with Hitachisoft.
  • Tata Tea inched up on signing a definitive agreement to acquire a 33% stake in South Africa�s Joekels Tea Packers.
  • Bartronics gained on reports that the company has tied up with Watchdata Technologies for sourcing and marketing smart card products in India and the neighbouring countries.
  • Simbhaoli Sugar Mills inched lower despite announcing the commissioning of its new ethanol plant in Uttar Pradesh at a cost of over Rs25 crore.
  • NIIT Technologies eased marginally despite the company entering into a partnership deal with Singapore�s Defense Science and Technology Agency.