The Hindu Business Line : iGate Global gains 27 pc

Sakthi Sugar (Rs 30): The stock surged by 46.5 per cent — the highest gainer amongst a swathe of sugar industry stocks such as Balrampur Chini, Dhampur Sugar and Bajaj Hindustan which have posted gains during the week.

iGate Global (Rs 247): The stock appreciated 27 per cent. The stock has been on a steady up trend since it acquired Quintant Services, a business service provisioning start-up and appointed Mr. Phaneesh Murthy (formerly worldwide head of sales and marketing, Infosys) as CEO.

Ranbaxy Labs (Rs 886): The stock rose 6.1 per cent on the back of approval given by the US Food and Drug Administration to commercialize its anti-allergic generic drug, Loratidine.

IDBI Bank (Rs 39): The stock appreciated by 14.9 per cent on the back of market talk that it is a possible take-over candidate.

BHEL (Rs 332): The stock rose 8.2 per cent on the back of market talk that the company is exploring new business avenues and is in talks with various MNCs for setting up JVs.

Cadila Healthcare (Rs 266): On the back of good quarterly earnings number, the stock rose 9.3 per cent this week.

IFCI (Rs 16): The company has obtained a crucial financial restructuring package from the banks and FIs this week. The stock was up 16.1 per cent.

HPCL (Rs 401): The possibility of ground level improvement in the divestment process the stock went up 12.1 per cent. The company's prospective bidders are expected to commence the due-diligence process from the week beginning August 25.

This pharma manufacturer witnessed 18.2 per cent spike to its stock price. The spike is in line with other mid-cap pharma stocks such as Aurobindo Pharma, Ipca Labs and Divi's Labs.

Bajaj Auto (Rs 705): The favourable response given by the market to the company's recently launched motorcycle "Wind" enables the stock to appreciate.

Article E-Mail :: Comment :: Syndication

Stories in this Section
Steel: From strength to strength

Tonnes by the wire

Branding irons

Steeling the thunder

Bubbly market: Toast it, but sip lightly on profits

Ten that stand out in the crowd

Stock prices: Sensing the right signals

Riding the market bull

Corporate governance — Private and public sector responses

Nifty and Sensex — Differently driven

Of short sale and proposed changes in it