Sensex @ 17k - The Journey

17,000 Today
16,000 Sep 19,07
15,000 Jul 6,07
14,000 Dec 5,06
13,000 Oct 30,06

NSE September Last Week 2007

>Fri Sep 28, 2007
* Rallis India Ltd (RALL.BO: Quote) extended its run up to a 52-week high of 459 rupees after the agrochemicals maker said it had agreed to sell land near Hyderabad for 900 million rupees to an associate of Peninsula Land Ltd (PENL.BO: Quote). Rallis shares are trading 14.2 percent up at 451 rupees.

* Textile firm Arvind Mills Ltd (ARMI.BO: Quote) extended gains after its board approved issue of 50.6 million warrants, to be converted into equity shares at 52 rupees a share, to the founders of the company. Shares in the company were up 8.7 percent at 63.25 rupees.

* Construction firm Atlanta Ltd (ATLT.BO: Quote) jumped 10 percent, the maximum daily limit, to 346.70 rupees after India's market regulator on Thursday allowed the firm to restructure its capital to raise funds for expansion. In February, the market regulator had banned Atlanta firm issuing fresh shares or any other instrument convertible into shares.

* Whirlpool of India Ltd (WHIR.BO: Quote) jumped nearly 20 percent, its daily maximum limit, to 47.10 rupees after a block deal was struck for 7.25 percent shares at 33 rupees each on the BSE. The shares have eased to 45 rupees, up 14.7 percent.

* Brady & Morris Engineering Co Ltd (BMEC.BO: Quote) hit the upper circuit of 20 percent at 191.20 rupees after the company's board approved a 1-for-2 bonus stock issue.

>Thu Sep 27, 2007
* Trading firm Emmsons International Ltd (EMMS.BO: Quote) extended gains and was up 20 percent at 56.40 rupees after the company said it signed an initial deal with Dubai's ETA Star Group for a coal-mining joint venture in Indonesia.

* Plastics and textile maker Sintex Industries Ltd (SNTX.BO: Quote) rose after block deals of 16.07 million shares, or 13.51 percent of the company's equity, in the price range of 355-356 rupees. Shares in the company were up 3 percent at 365.50 rupees. Lightwood Investments, a unit of private equity firm Warburg Pincus, holds 26.42 percent in Sintex at the end of June quarter, according to BSE Web site.

* Subhash Projects & Marketing Ltd (SUBH.BO: Quote) stretched gains to a life high of 300 rupees after the construction and engineering firm said it secured orders totaling 3.53 billion rupees. The shares are now trading at 295.50 rupees, 5.7 percent higher from Wednesday's close.

* State Trading Corp of India (STCI.BO: Quote) opened nearly 5 percent lower, its daily limit, at 359.85 rupees after the state-run firm's board deferred a decision on its bonus share issue plan to its next meeting.

* Prime Focus Ltd (PRFO.BO: Quote) extended gains to hit a high of 1059.85 rupees after the company agreed to buy the post-production unit of UTV Software Communications Ltd (UTVS.BO: Quote) for an undisclosed sum. The shares have eased to 1,040 rupees, up 3 percent from previous close, on low volumes. UTV Shares were up 1.6 percent at 621 rupees.

>Wed Sep 26, 2007 Sensex at 7000
* Auto parts maker Banco Products Ltd (BNCO.BO: Quote) extended gains after its board approved a 5-for-1 stock split and a preferential share issue to Japan Metal Gasket Ltd at 150 rupees each. Shares in the company were up 13.2 percent at 175 rupees.

* Software services firm like Infosys Technologies Ltd (INFY.BO: Quote),Wipro Ltd (WIPR.BO: Quote), Tata Consultancy Services Ltd (TCS.BO: Quote)and Satyam Computer Services Ltd (SATY.BO: Quote) are up 2.9 to 4.6 percent on short covering in the derivatives market ahead of the expiry on Thursday. Traders said huge short positions were created in the past few
months and this was being covered after the central bank announced policy decision on Tuesday to curb rising rupee against dollar. (1:35 p.m.)

* Software services firm Core Projects & Technologies Ltd (CORE.BO: Quote) extended gains after it announced plans to buy two UK-based firms, Azzurri Education and Hamlet Computer Group, and KC Management Group of the United States for about $45 million. Shares in the company were up 3.4 percent at 199.50 rupees.

* B.A.G Films & Media Ltd (BAGF.BO: Quote) hit a 52-week peak of 68.40 rupees after the media firm's board approved the issue of 10.379 million shares to a unit of Fidelity funds at an undisclosed price. The shares later eased to 68 rupees, still up 4.4 percent from the previous close.

* IOL Chemicals & Pharmaceuticals Ltd (IOLC.BO: Quote) was up 5 percent at a year-high of 98.70 rupees after the company's board approved a 1.8-billion-rupee capacity expansion and an issue of up to 1.33 billion shares to Indiastar (Mauritius) Ltd at 75 rupees each.

* Indiabulls Real Estate Ltd (INRL.BO: Quote) was up 6.6 percent at 611 rupees after its board approved raising 23.22 billion rupees through issue of convertible warrants to founders at 540 rupees each. The company said it plans to invest in power and wholesale businesses, and a newspaper report said the group would also apply for telecom licences.

* Praj Industries Ltd (PRAJ.BO: Quote), at 251 rupees, eased off highs after 13.46 million shares, or 8.03 percent of the company's equity, changed hands in a block deal on the BSE, at 253 rupees a share. Details of the parties involved were not immediately available, but brokers said a wealthy investor, who was earlier a director in the company, was likely to be one of the sellers.

Tuesday September 25 2007
* Gremach Infrastructure Equipments & Projects Ltd (GRIN.BO: Quote) extended gains to a new high of 266.60 rupees after the company said it had taken stake in 11 coal mines in Mozambique. The shares were trading at 266.20 rupees, up 4.8 percent.

* Vikash Metal & Power Ltd (VMPL.BO: Quote) extended gains to a high of 20.90 rupees after the company said it received approval for a captive power plant project that will generate 55,000 carbon credits annually. The stock later eased to 20.30 rupees, still up 3.3 percent.

* BAG Films & Media Ltd (BAGF.BO: Quote) rose by its maximum daily limit of 5 percent to 65.15 rupees after the Economic Times reported that Fidelity International has picked up a 10 percent stake in the company.The board is due to meet on Tuesday afternoon to consider a preferential share and warrant issue. A top official declined comment.

* Hanung Toys & Textiles Ltd (HATT.BO: Quote) jumped 10.2 percent to the day's high of 170 rupees on news the company had tied up export orders worth $50 million with a U.S.-based buyer. The shares are trading 7.5 percent higher at 165.90 rupees.

* Jai Corp Ltd (JAIC.BO: Quote) rose by its daily maximum limit of 5percent to an all-time high of 11,424.55 rupees, after the cold-rolled steel maker said its board approved acquisition of the manufacturing unit of Pet Fibres Ltd and Prime Wovens Ltd.

Monday, September 24 , 2007
* Unitech Ltd (UNTE.BO: Quote) rose nearly 6 percent to a new high of
357.50 rupees after the real estate firm said eight of its subsidiaries
plan to apply for telecom licences in 22 of the 23 circles that form the
national market. The shares have eased to 347.30 rupees, still up nearly 3
percent from the previous close.

* Adhunik Metals Ltd (ADME.BO: Quote) was up 4.25 percent at 97 rupees
after the alloy steel maker said its board approved acquiring a majority
stake in V Cube Forge (India) Ltd for an undisclosed sum. The share
earlier touched a high of 98.50 rupees.

* Sugar producer GMR Industries Ltd (GMRT.BO: Quote) was trading at 206.40
rupees on relisting after hiving off its ferro alloys division to a
separate company. The share had a base price of 172 rupees.


© Reuters 2007. All Rights Reserved.

NSE/BSE Hot Stock September 3rd week

Friday, September 21 , 2007
* Top beer maker United Breweries Ltd (UBBW.BO: Quote) extended gains after it said its board will meet on September 28 to consider a rights share issue. Shares in the company were up 12.5 percent at 365 rupees.

* Cairn India Ltd (CAIL.BO: Quote) rose 3.1 percent to 180.25 rupees after its chairman said the firm has no plans to raise additional equity in India and has funds to meet capital requirement.

* Power trading firm PTC India (PTCI.BO: Quote) jumped 7.6 percent to 90.75 rupees after its plans to take 26 percent in a power exchange planned by software firm Financial Technologies India Ltd (FITE.BO:Quote). Shares in Financial Tech rose 2.2 percent to 2,750 rupees. The
exchange got the electricity regulator's approval on Thursday.

* Tezpore Tea Co Ltd (TEZT.BO: Quote) rose by its maximum daily limit of 10 percent after the company said it had entered into a deal to sell its Merryview tea estate to Dalmia Tea Plantations & Industries for an undisclosed sum. The share was at 42.60 rupees.

* Ambuja Cements Ltd (GACM.BO: Quote) extended gains after 63.5 million shares, or 4.17 percent of the company's equity, changed hands in a block deal on the BSE at 148 rupees each. The share was trading at 149 rupees, up 2 percent.


Thu Sep 20, 2007 2:07 PM IST

* Simplex Infrastructures Ltd (SINF.BO: Quote) extended gains to touch a high of 409 rupees after the construction firm said it had secured orders worth 8.02 billion rupees. The stock is up 5.2 percent at 406 rupees.

* Real estate firms like DLF (DLF.BO: Quote), Unitech (UNTE.BO: Quote), Parsvnath Developers (PARV.BO: Quote),

Ansal Properties & Infrastructure (ANSP.BO: Quote) and Puravankara Projects (PPRO.BO: Quote) are up 2.75-12.2 percent on expectation of softer interest rates after U.S. Federal Reserve cut the rate by half percentage point.

Traders said soft interest rates would increase demand for properties.

* Surana Telecom Ltd (SURT.BO: Quote) extended gains after it received a 120-million-rupee cable order from state-run Bharat Sanchar Nigam Ltd. The stock was trading at 35 rupees, up 4.8 percent.

* Cable maker Bhagyanagar India Ltd (BHIL.BO: Quote) extended gains after the company said it had secured a 350-million-rupee telecom cable order from state-owned Bharat Sanchar Nigam Ltd. The stock was up 2.5 percent at 49.90 rupees.

* Multiplexes operator Pyramid Saimira Theatre Ltd (PYSA.BO: Quote) jumped 9.1 percent to 367.50 rupees after Business Standard daily reported private equity firms Carlyle Group and Citigroup Venture Capital International are in the race to buy 15 percent in the firm. Company officials were not immediately available for comments.

* Paper maker Magnum Ventures Ltd (MGNM.BO: Quote) listed at a premium of 23 percent to the issue price of 30 rupees a share. Shares in the company touched a high of 66.70 rupees and low of 36.95 rupees, and were trading at 58.80 rupees.

Wednesday, September 19 2007
* Bank shares like State Bank of India (SBI.BO: Quote), ICICI Bank Ltd (ICBK.BO: Quote), HDFC Bank Ltd (HDBK.BO: Quote) and Punjab National Bank (PNBK.BO: Quote) are up 2.5-4 percent after the U.S. Federal Reserve cut the benchmark rate by half-percentage point to 4.75 percent for the first time in the last four years.

* Drugs and chemicals maker Jubilant Organosys Ltd (JUBO.BO: Quote) jumped 3.7 percent to 302 rupees after it extended its contract with Syngenta (SYNN.VX: Quote) for the supply of pyridines, a raw material for several drugs and agro-chemicals.

* State-run State Trading Corp of India Ltd (STCI.BO: Quote) extended gains after it said its board would meet on Sept 26 to consider issue of 1-for1 bonus shares. Shares in the company were up 20 percent, its maximum daily limit, at 238.35 rupees.

* Software firm KLG Systel Ltd (KLGS.BO: Quote) extended gains after it secured orders worth 325 million rupees from Haryana state government for implementation of high-voltage distribution system. Shares in the company were up 6.6 percent at 540 rupees.

* Media Video Ltd (MEDV.BO: Quote) jumped 18 percent to 60 rupees after Delhi High Court approved the spin off of its real estate division to MVL Infrastructure Ltd. The court also approved merger of six other companies with MVL Infrastructure.

* Lanco Infratech Ltd (LAIN.BO: Quote) rose 3.4 percent to 327.10 rupees after it entered into a preliminary deal with UAE's Gulftainer Co Ltd to jointly work on port and transport projects.

* Neyveli Lignite Corp Ltd (NELG.BO: Quote) (NELG.NS: Quote) fell 2 percent to 97.50 rupees after National Stock Exchange banned taking fresh positions in the derivatives contracts of the state-run mining and power firm.

* Indian Hotels Co Ltd (IHTL.BO: Quote) touched a high of 136 rupees after it paid $211.3 million for a 10 percent stake in Orient-Express Hotels Ltd (OEH.N: Quote). Shares in the company later eased, but were still up 2.01 percent at 132.25 rupees.

* Nagreeka Capital & Infrastructure Ltd (NCIL.BO: Quote), the spun-off unit from Nagreeka Exports Ltd (NAGR.BO: Quote), made its debut at 114 rupees a share on the BSE. At the current price there are only buyers for the firm's shares. Shareholders of Nagreeka Exports received one share of the Nagreeka Capital for each held.

Tuesday September 18, 2007

* State-run State Trading Corp of India Ltd (STCI.BO: Quote) extended gains after it said its board would meet on Sept 26 to consider issue of 1-for1 bonus shares. Shares in the company were up 20 percent, its maximum daily limit, at 238.35 rupees.

* Software firm KLG Systel Ltd (KLGS.BO: Quote) extended gains after it secured orders worth 325 million rupees from Haryana state government for implementation of high-voltage distribution system. Shares in the company were up 6.6 percent at 540 rupees.

* Media Video Ltd (MEDV.BO: Quote) jumped 18 percent to 60 rupees after Delhi High Court approved the spin off of its real estate division to MVL Infrastructure Ltd. The court also approved merger of six other companies with MVL Infrastructure.

* Lanco Infratech Ltd (LAIN.BO: Quote) rose 3.4 percent to 327.10 rupees after it entered into a preliminary deal with UAE's Gulftainer Co Ltd to jointly work on port and transport projects.

* Neyveli Lignite Corp Ltd (NELG.BO: Quote) (NELG.NS: Quote) fell 2 percent to 97.50 rupees after National Stock Exchange banned taking fresh positions in the derivatives contracts of the state-run mining and power firm.

* Indian Hotels Co Ltd (IHTL.BO: Quote) touched a high of 136 rupees after it paid $211.3 million for a 10 percent stake in Orient-Express Hotels Ltd (OEH.N: Quote). Shares in the company later eased, but were still up 2.01 percent at 132.25 rupees.

* Nagreeka Capital & Infrastructure Ltd (NCIL.BO: Quote), the spun-off unit from Nagreeka Exports Ltd (NAGR.BO: Quote), made its debut at 114 rupees a share on the BSE. At the current price there are only buyers for the firm's shares. Shareholders of Nagreeka Exports received one share of the Nagreeka Capital for each held.

Hot Stock September - Reuters

Monday September 17

* Civil engineering firm McNally Bharat Engineering Co Ltd (MCNL.BO: Quote) extended gains after it received an order worth 2.59 billion rupees. Shares in the company were up 3.7 percent at 198 rupees.

* Software firm Subex Azure Ltd (SUBX.BO: Quote) fell 17 percent to 423.15 rupees after it reduced its products business net profit guidance for 2007/08 to 1.04 billion rupees from 1.55 billion rupees forecast earlier.

* Jewellery exporter Rajesh Exports Ltd (REXP.BO: Quote) jumped 14.4 percent to 834.70 rupees after the Economic Times reported diamond mining group De Beers and a U.S.-based buyout fund have separately shown interest in buying 51 percent of the firm from the founders. Rajesh Exports chairman Rajesh Mehta declined to comment on the report, but said there has been increased interest from foreign funds and a "lot of big ticket funds have been calling us regularly".

14th Friday September 2007

Shares of Tata Teleservices Maharashtra Ltd (TTML.BO: Quote) (TTML.NS: Quote), Escorts Ltd (ESCO.BO: Quote) (ESCO.NS: Quote), Bongaigaon Refinery & Petrochemicals Ltd (BNGR.BO: Quote) (BNGR.NS: Quote) and Oswal Chemicals & Fertilizers Ltd (OSCH.NS: Quote) are down 1.5-4 percent after National Stock Exchange banned creating fresh derivatives positions in these firms from Friday. Traders said the shares fell due to the closing of long postions in the derivatives contracts of these firms.

* Non-banking finance firm SREI Infrastructure Finance Ltd (SREI.BO: Quote) extened gains after a block deal of 2.52 million shares, or 2.31 percent of its equity. The deal was struck at 102.5 rupees a share. Shares in the company were up 6.8 percent at 106.50 rupees.

* Packaging firm Ess Dee Aluminium Ltd (ESDA.BO: Quote) jumped 6.9 percent to 509.85 rupees after the Business Standard newspaper reported the firm was in the race to buy Canadian Alcan Inc's (AL.TO: Quote) packaging business. Ess Dee could not be contacted immediately for comments.

* Indowind Energy Ltd (INWI.BO: Quote) made its debut at a 24 percent premium to the issue price of 65 rupees a share, but came off highs quickly. The firm's shares opened at 80.25 rupees and hit a low of 55.10 rupees. They were trading at 67.20 rupees.

MUMBAI, Thu, Sept 13

The 50-share National Stock Exchange Index <.NSEI> was up 0.7 percent at 4,528.55 points.

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* Kavveri Telecom Products Ltd (KATL.BO: Quote) shares rose by its daily maximum limit of 5 percent to 139.65 rupees after the company said it expects 2007/08 revenue to double to 1 billion rupees.

* Computer education firm NIIT Ltd (NIIT.BO: Quote) rose 5.9 percent to 164.20 rupees after a block deal of 2.61 million shares, or 2.14 pct of its equity. The block deal was struck at 155 rupees a share, data from BSE showed. Details of the buyers and sellers were not immediately known.

* Auto parts maker Banco Products India Ltd (BNCO.BO: Quote) rose 10 percent to 152.80 rupees after it said its board would meet on September 26 to consider a stock split.

* ABG Shipyard Ltd (ABGS.BO: Quote) rose 3.5 percent to 620.05 rupees after its plans to hold about 51 percent stake in Western India Shipyard Ltd (WSHP.BO: Quote). Shares in the Western India climbed 5 percent, its maximum daily limit, to 18.90 rupees.

* Drug maker Lupin Ltd (LUPN.BO: Quote) touched a high of 616.95 rupees on a U.S. federal appeals court ruling in favour of the Indian drug maker in a patent challenge against King Pharmaceuticals Inc's (KG.N: Quote) blood pressure drug, Altace. Lupin shares have eased to 610.95 rupees, up 2.9 percent.

* Aftek Ltd (AFTK.BO: Quote) shares rose by its maximum daily limit of 20 percent after Swiss firm, Seekport AG (3SK.F: Quote), listed on the Frankfurt stock exchange at 4.75 euros a share, valuing it at 475 million euros. An Aftek unit holds 24.75 percent in Seekport. Aftek shares were at 73.60 rupees.

* Real estate firm Unitech Ltd (UNTE.BO: Quote) was up 6.1 percent at 278.25 rupees, off a high of 282.10 rupees, on news the company's shares would replace Indian Petrochemicals Corp Ltd (IPCL.BO: Quote) on the 50-scrip Nifty index <.NSEI>.


Wed Sep 12, 2007

* Western India Shipyard Ltd (WSHP.BO: Quote) is up 5 percent at 18 rupees ahead of the company's board meeting for its revival and rehabilitation along with lenders and shipbuilder ABG Shipyard Ltd (ABGS.BO: Quote). The latter had bid to acquire the ailing repairing yard and ABG shares were also up 1.7 percent to 604 rupees.

* Packaging products makers Essel Propack Ltd (ESSL.BO: Quote) rose 8.8 percent to 68 rupees after the Economic Times newspaper reported the firm was in talk to acquire a packaging unit from Alcan Inc (AL.TO: Quote) for an undisclosed sum. Officials at both firms could not be contacted immediately for comments.

* Real estate firm Peninsula Land Ltd (PENL.BO: Quote) climbed 1.7 percent to 529.55 rupees after it struck a deal to sell 575,000 square feet of land at its Dawn Mills premises to Alok Infrastructure, a unit of Alok Industries Ltd (ALOK.BO: Quote) for 10.5 billion rupees.

September 15

* Shares of Tata Teleservices Maharashtra Ltd (TTML.BO: Quote) (TTML.NS: Quote), Escorts Ltd (ESCO.BO: Quote) (ESCO.NS: Quote), Bongaigaon Refinery & Petrochemicals Ltd (BNGR.BO: Quote) (BNGR.NS: Quote) and Oswal Chemicals & Fertilizers Ltd (OSCH.NS: Quote) are down 1.5-4 percent after National Stock Exchange banned creating fresh derivatives positions in these firms from Friday. Traders said the shares fell due to the closing of long postions in the derivatives contracts of these firms.
* Non-banking finance firm SREI Infrastructure Finance Ltd (SREI.BO: Quote) extened gains after a block deal of 2.52 million shares, or 2.31 percent of its equity. The deal was struck at 102.5 rupees a share. Shares in the company were up 6.8 percent at 106.50 rupees.
* Packaging firm Ess Dee Aluminium Ltd (ESDA.BO: Quote) jumped 6.9 percent to 509.85 rupees after the Business Standard newspaper reported the firm was in the race to buy Canadian Alcan Inc's (AL.TO: Quote) packaging business. Ess Dee could not be contacted immediately for comments.
* Indowind Energy Ltd (INWI.BO: Quote) made its debut at a 24 percent premium to the issue price of 65 rupees a share, but came off highs quickly. The firm's shares opened at 80.25 rupees and hit a low of 55.10 rupees. They were trading at 67.20 rupees.

September 12 2007

The BSE 30-share index lost 37.41 points to 15,505.36

STOCKS THAT MOVED

* Reliance Energy rose 4 percent to a record close of 894.30 rupees. Angel Broking said in a recent report it expected the company's engineering, procurement and construction (EPC) division to be a major growth driver in the next 2-3 years.

Brokerage Prabhudas Lilladher, which has target of 1,005 rupees, said in a note on Tuesday the stock could see significant re-rating due to its aggressive forays into the infrastructure sector.

* Steel Authority of India Ltd rose 1.6 percent, JSW Steel Ltd rose 1.3 percent and Tata Steel put on 0.4 percent. On Tuesday, the chairman of Steel Authority said on Tuesday he expected steel prices to remain healthy in the year to March 2008.

* Packaging products maker Essel Propack Ltd rose 6.6 percent to 66.60 rupees after the Economic Times reported the firm was in talks to acquire a packaging unit from Alcan Inc for an undisclosed sum.

* Real estate firm Peninsula Land Ltd rose 2.7 percent to 534.85 rupees after it struck a deal to sell 575,000 square feet of land in Mumbai to Alok Infrastructure, a unit of Alok Industries Ltd, for 10.5 billion rupees.

Host Stocks September 10

The initial public offer of the state-run Power Grid Corp of India has been fully subscribed on the first day, data from the National Stock Exchange showed.

India Hot Stocks: Taneja Aerospace up on likely land sale
Mon Sep 10, 2007 2:31 PM IST

MUMBAI, Sept 10 (Reuters) - The following stocks were on the move at the BSE on Monday.
At 2.28 p.m. the benchmark 30-share BSE index <.BSESN> was down 0.03 percent at 15,585.72 points.
The 50-share National Stock Exchange Index <.NSEI> was down 0.11 percent at 4,505.25 points.

-----------------------------------------------

* Taneja Aerospace & Aviation Ltd's (TANE.BO: Quote) shares rose by the maximum daily limit of 10 percent on expectations of a land sale, two traders said. The company is close to selling large tracts of land on the outskirts of Bangalore for more than 3 billion rupees, they said. Taneja Aerospace officials could not be reached for comment. The shares were at 184.85 rupees.

(2:27 p.m.)
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* Construction firm Gammon India Ltd (GAMM.BO: Quote) fell 7 percent to 429 rupees after the media on Sunday reported the collapse of an under-construction flyover being built by the firm in the southern city of Hyderabad. Traders said this could affect Gammon's ability to get new contracts.

(10:45 a.m.)
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* Chennai-based Malar Hospitals Ltd (MLRH.BO: Quote) fell 7 percent, to 33.50 rupees after a unit of Fortis Healthcare Ltd (FOHE.BO: Quote) agreed to buy 28 percent stake from the founders of Malar at 30 rupees a share.

(10:13 a.m.)
---------------------------------------------

* Lloyds Metals & Engineers Ltd (LYMT.BO: Quote) jumped 5 percent, the maximum daily limit, after its board approved a five-for-one stock split.

(10:12 a.m.)
---------------------------------------------

by Reuters
The 50-share National Stock Exchange Index <.NSEI> was down 0.11 percent at 4,505.25 points.

Hot Stocks September 5

India Hot Stocks: Saregama India adds to gains after block deal Tue Sep 4, 2007 3:40 PM IST
MUMBAI, Sept 4 (Reuters) - The following stocks were on the move at the BSE on Tuesday.
At 3:35 p.m. the benchmark 30-share BSE index <.BSESN> closed provisionally up 0.17 percent at 15,447.90 points.
The 50-share National Stock Exchange Index <.NSEI> ended down provisionally 0.09 percent at 4,470.60 points.
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* Cassette and CD maker Saregama India Ltd (SARE.BO: Quote) extended gains after 1.06 million shares, or 7.57 percent of the equity capital, changed hands in a block deal on the BSE at 250 rupees a share. The stock ended provisionally at 276.65 rupees, up 10 percent. Details of buyer and seller were not immediately available. Fidelity held nearly 10 percent, while T Rowe Price held 7.2 percent in the firm at the end of June quarter.
(3:33 p.m.)
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* Parenteral Drugs India Ltd (PADG.BO: Quote) rose 2.8 percent to 194 rupees after its board approved the issue of one bonus share for every share held.
(1:02 p.m.)
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* Tata Motors Ltd (TAMO.BO: Quote) fell 2.6 percent to 684.90 rupees after India's top bus and truck maker reported a 0.4 percent fall in August vehicle sales to 45,144 units from 45,325 a year earlier.
(10:07 a.m.)
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* Cable maker Paramount Communications Ltd (PCML.BO: Quote) jumped for the third straight day after the company said it had acquired UK's AEI Cable. Financial details were not immediately available. The shares were trading 8.5 percent higher at 36.30 rupees. (10:04 a.m.)
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Source:Reuters

September 3 Apeejay Tea

* Apeejay Tea Ltd (APTE.BO: Quote) extended gains after it said its board would meet on September 4 to consider a proposal from the founders of the company to delist shares from the BSE. Shares in the company were up 20 percent at 108 rupees.
(1:37 p.m.)
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* Cable maker Paramount Communications Ltd (PCML.BO: Quote) extended gains for the second straight day on talk of the firm acquiring UK's AEI Cable. Its board met on August 31 to consider the acquisition, but made no announcement on the decision. Chairman and Managing Director Sanjay Aggarwal, when asked about the outcome of the meeting, told Reuters, "It is not the appropriate time to comment". Shares were up 12 percent at 31.85 rupees.
(12:27 p.m.)
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* Cholamandalam DBS Finance Ltd (CHLA.BO: Quote) rose after the financial services firm approved the issue of three rights shares for every eight held at 140 rupees each. The shares were at their days high at 202 rupees, up 7.8 percent.
(10:41 a.m.)
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* Auto parts maker Omax Autos Ltd (OMXA.BO: Quote) extended gains to touch a high of 69.95 rupees a share after its board approved the issue of 2.5 million warrants at 83 rupees each. The shares later came off the high to trade up 2.2 percent at 66 rupees.
(10:38 a.m.)
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* Car maker Maruti Udyog Ltd (MRTI.BO: Quote) rose to a high of 902 rupees after it reported a 27 percent increase in August vehicle sales. The share was trading 2.9 percent higher at 893 rupees.
(10:34 a.m.)
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Top motorcycle maker Hero Honda Motors Ltd (HROH.BO: Quote) was up 1.6 percent at 658.95 rupees after posting a 12 percent increase in August sales.
(10:34 a.m.)
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* Fruit exporter Freshtrop Fruits Ltd (FRSH.BO: Quote) was up 2.09 percent at 127.30 rupees, off a high of 130.90 rupees, ahead of a board meeting on Monday to consider the issue of bonus shares.
(10:34 a.m.)
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* Parenteral Drugs India Ltd (PADG.BO: Quote) was up 5 percent at 188.75 rupees, ahead of a board meeting to consider the issue of bonus shares. Parenteral will also consider a rights issue.
(10:34 a.m.)