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Wednesday, March 18, 2015

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Diamond Power rallies in volatile markets post Rs332 crore orders
Shares of Diamond Power Infrastructure surged 18% to Rs63.95, extending its past two days rally on the National Stock Exchange ( NSE) after the company received orders worth of Rs332 crore from Assam and Nagaland governments. In past three trading sessions, the stock zoomed 69% from Rs37.75 on March 13.

Natural gas price to be cut by 10% from April 1
Domestic natural gas prices are likely to be slashed by over 10% to $5.02 per unit from April 1, hitting revenues of companies like ONGC and Reliance Industries. The prices of natural gas are due to be revised from April 1, based on average rates at key international hubs. The new rate will be around $5.02 per million British thermal unit (mmBtu) as compared to the current price of $5.61, sources privy to the development said.

Sesa Sterlite jumps as govt revokes mining ban in Goa
Shares of Sesa Sterlite gained over 4%, touching to Rs201.9, on reports environment minister Prakash Javadekar announced revoking a September 2012 order suspending environmental clearances to all mining leases operating in Goa. According to reports, the environment ministry has revoked a three-year-old order that resulted in a ban on mining in Goa, paving the way for resumption of iron ore extraction in the coastal state.

Sonata Software spurts in weak markets on stake buy
Shares of Sonata Software rose 5% to Rs173 on the National Stock Exchange ( NSE) after Goldman Sachs India Fund acquired 2.72 million equity shares through open market.
The stock opened at Rs169 and touched a high of Rs173 so far. On March 17, 2015, Goldman Sachs India Fund bought 2.72 million shares representing 2.59% stake in Sonata Software at a price of Rs175 per share, the NSE bulk deal data shows.

Dr.Datsons Labs updates on contract manufacturing
Dr.Datsons Labs announced that Westminster Pharmaceuticals Inc. based out of USA has sent the Company a communication showing interest in Dr. Datsons Labs contract manufacturing Generic Medicines in Private Label for Westminster Pharmaceuticals Inc.

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