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Friday, December 14, 2007
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Equity News
Dec 13 2007 10:30AM
India Hot Stocks:Essar Steel down on tribunal nod for delisting

MUMBAI, Dec 13 (Reuters) - The following stocks were on the move at the BSE on Thursday.

At 10:27 a.m. the benchmark 30-share BSE index <.BSESN> was up 0.48 percent at 20,473.74 points.

The 50-share National Stock Exchange Index <.NSEI> was up 0.16 percent at 6,169.10 points.

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* Essar Steel Ltd <ESRG.BO> fell 8.22 percent to 52.50 rupees after the Securities Appellate Tribunal allowed the firm to delist the shares from stock exchanges. Shares in the firm would be delisted from Friday and the founders have agreed to purchase shares at 48 rupees each.

(10:24 a.m.)

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* Realty firm Kolta-Patil Developers Ltd <KOLT.BO> listed up 48 percent from the issue price on BSE. Shares in the firm touched high of 223.90 rupees and low of 175 rupees. It was trading at 189 ruees, up 30.3 percent.

(10:16 a.m.)

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----------------------------------------------- (Editing by Harish Nambiar) (( Reuters Messaging: [email protected]; +22 6636 9029)) Keywords: MARKETS INDIA HOTSTOCKS

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