Maytas Infra hits roof on winning order

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FOREIGN FUNDS NET SELL RS.463.89 CR IN EQUITIES ON NOVEMBER 20 (PROV)
MUTUAL FUNDS NET SELL RS.176.7 CR IN EQUITIES ON NOVEMBER 19
DII'S NET BUY RS.18.46 CR IN EQUITIES ON NOVEMBER 20 (PROV)
TO ENTER INTO CUSTOMIZED MOTOR CYCLE BIZ VIA PRO-BIKING SHOWROOMS
TO EXPAND PANTNAGAR CAPACITY TO 70,000 UNITS IN NEXT FEW MONTHS
AKER IS A NORWEGIAN SERVICE PROVIDER CO FOR OIL AND GAS OPERATIONS
AKER SOLUTIONS TO PROVIDE SUPPORT SERVICES IN KG BASIN
AKER BAGGED SUB SEA PRODUCTION ORDER FROM RIL IN 2006 ALSO
RELIANCE IND PLACES RS.115 CR ORDER WITH NORWAY'S AKER SOLUTIONS
PORTING CHARGES TO BECOME APPLICABLE FROM DECEMBER 31, 2009
MNP ALLOWS USERS TO CHANGE OPERATORS WHILE RETAINING MOBILE NOS
USERS TO PAY MAX OF RS.19 TO CHANGE OPERATOR WHILE RETAINING OLD NUMBER
TRAI COMES OUT WITH NUMBER PORTABILITY CHARGES
PUNJAB NATIONAL BANK PLANS TO RAISE RS 700 CR BY SELLING BONDS
TATA TELE-QUIPPO OFFERING BETTER SERVICING DEAL FOR TOWERS: SOURCES
GTL BID 10-15% HIGHER THAN TATA-QUIPPO: SOURCES
DEAL VALUED AT AROUND RS.6000 CR : SOURCES
MAY JOIN RACE FOR SHELL'S EUROPEAN REFINERIES: SOURCES
SENSEX, NIFTY UP 1% EACH FOR THE WEEK
CNX MIDCAP INDEX UP 1%, BSE SMALLCAP INDEX UP 1.6%
METAL INDEX UP 3.7%, AUTO INDEX UP 2.3%, FMCG UP 1.5%
INDEX GAINERS: SUZLON UP 9.3%, TATA STEEL UP 6.3%, SAIL UP 5.3%
APPROACHED SHELL FOR BUYOUTS BEFORE ESSAR'S EXCLUSIVE TALKS BEGUN
ESSAR-SHELL IN EXCLUSIVE NEGOTIATIONS TILL NOV 30 TO BUY 3 SHELL REFINERIES
RIL SPOKESPERSON: 'WE ARE REVIEWING A NUMBER OF GLOBAL OPPORTUNITIES'
RIL SPOKESPERSON TO NDTV: 'REVIEWS CANNOT ASSURE TRANSACTIONS'
JSW ENERGY ALSO IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
CESC, SREI INFRA IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
GAMMON INFRA BAGS NHAI PROJECT WORTH RS.850 CRORES
NET PROFIT AT RS.48.2 CR VS RS.12 CR; SALES UP 55% AT RS.849 CR (YOY)

Updated: 05/11/2009 | 12:00 AM IST

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Capital Market

Thursday, November 05, 2009 (New Delhi)

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The announcement was made before trading hours today, 5 November 2009.

Meanwhile, the BSE Sensex was down 226.65 points, or 1.42%, to 15685.48.

On BSE, 1.27 lakh shares were traded in the counter as against an average daily volume of 5.86 lakh shares in the past one quarter.

The stock hit a low of Rs 142 so far during the day. The stock had hit a 52-week high of Rs 520 on 15 December 2008 and a 52-week low of Rs 31.40 on 9 March 2009.

The stock had outperformed the market over the past one month till 4 November 2009, rising 9.75% as compared to the Sensex 7.13% fall. It outperformed the market in past one quarter, soaring 60.30% as against 0.51% rise in the Sensex.

The small-cap infrastructure developer has an equity capital of Rs 58.85 crore. Face value per share is Rs 10.

The Company Law Board, based on an application by Maytas, had recently instructed the company to induct IL&FS Financial Services as a promoter and allow it to assume management control. IL&FS Financial Services holds 14.5% in Maytas Infra.

Maytas Infra was earlier headed by B Teja Raju, the eldest son of B Ramalinga Raju, the jailed founder of Satyam Computer Services. Before IL&FS Financial Services took over the board, the infrastructure firm had been struggling to stay afloat after the Rs 7,136 crore fraud at the software services firm was disclosed in January 2009.

Maytas Infra reported a net loss of Rs 16.28 crore in Q1 June 2009 compared with a net profit of Rs 20.05 crore in Q1 June 2008. Sales fell 45.8% to Rs 207.98 crroe in Q1 June 2009 over Q1 June 2008.

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