Live News of Shares

India Infoline grant stock option under ESOP

The compensation committee of the board of directors of India Infoline, on Sep. 7, 2007, granted 140,000 employee stock options under ESOP Plan 2007 to the employees as per ESOP Scheme, 2005 of the company. India Infoline swung to a loss for the quarter ended June 2007. During the quarter, the company saw a loss of Rs 139.48 million as compared with a profit of Rs 117.10 million in the corresponding quarter of the previous year.Sales for the quarter rose 4.07% to Rs 736.55 million compared with the corresponding quarter, a year ago. Shares of the company gained Rs 58.15, or 8.59%, to settle at Rs 734.9. The total volume of shares traded was 599,304 at the BSE. (Monday)

Moser Baer steps into PC peripherals market

Moser Baer India launched its first optical disk drive (ODD) that is combo drive and writer, which also marks the company`s foray into the PC peripherals industry. The company launched this product in partnership with Taiwan based Philips and Lite-On Digitil Solutions tarp, the world`s largest OEM / ODM optical disc drive manufacturer in the name of `Moser Baer-Lite-on`.
The company plans to enter into the PC peripherals market by launching its products in five metros and create a niche for itself. At present, the PC peripheral industry in India is worth Rs 120 billion. The company with its entry into the ODD Market, plans to capture 20% market share of present market size of five lakh units per month, the company said.
Moser Bear is already a major player in the USB Drives and memory cards market. Its latest entry into PC peripherals in the form of ODDs will further help in strengthening its position in the industry. Shares of the company declined Rs 3.95, or 1.28%, to settle at Rs 304.4. The total volume of shares traded was 44,756 at the BSE. (Monday)

Gujarat NRE allotment shares on FCCB conversion
The committee of the board of directors of Gujarat NRE Coke, at its meeting held on Sep. 10, 2007, issued and allotted 3,001,186 equity shares of Rs 10 each of the company at a premium of Rs 38.04 a share pursuant to conversion option excersie by the FCCBs holders.Gujarat NRE Coke announced that it has swung to a profit for the quarter ended in June 2007. During the quarter, the company saw rise in profit to Rs 428.20 million from a loss of Rs 96.9 million.Sales for the quarter rose 2.30 to Rs 1,488.90 million compared with the corresponding quarter, a year ago. Shares of the company gained Rs 1.55, or 2.25%, to settle at Rs 70.4. The total volume of shares traded was 908,533 at the BSE.(Monday)