CDMA based telecom service provider Tata Teleservices (Maharastra) (TTML) soared 12.23% to Rs 20.19, extending gains for the second session, after Japans's NTT DoCoMo and Tata Sons jointly made an open offer to buy 20% stake in the company for Rs 24.70 a share. It was the biggest gainer in BSE's 'A' group.
The TTML stock had ended 7.60% higher at Rs 17.99 in the previous trading session on Wednesday, 12 November 2008, when NTT DoCoMo Inc, acquired a 26% stake for $2.7 billion (Rs 13,070 crore) in Tata Teleservices, the parent of TTML, to expand into the world's fastest-growing major wireless market, valuing the company at $10.4 billion. The deal was announced after trading hours on Wednesday.
Realty developer Housing Development and Infrastructure (HDIL) flared up 8.10% to Rs 117.40, shrugging off reports the company has offered to sell off three of its plots totalling about 4.5 million square feet (sq ft) in Mumbai to beat the liquidity crunch. It was the second biggest gainer in A group. The plots include 1.5 million sq ft saleable land at Andheri, 2.5 million sq ft at Kurla and 63,000 sq ft at Carmichael Road in the upmarket Malabar hill area.
Power utility CESC sprout 4.76% to Rs 227.90 after a report suggested that the company's Rs 2500-crore retail expansion plan till 2010 was intact and it would have 750 Spencer's Retail stores by then. It was the third biggest gainer in A group. The unlisted Spencer's Retail is a unit of CESC.
IT solutions provider Financial Technologies moved up 3.58% to Rs 689.20. It was the fourth biggest gainer in A group.
State-run oil marketing firm Hindustan Petroleum Corporation (HPCL) rose 3.14% at Rs 218.55. It was the fifth biggest gainer in A group.
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