Stocks to Watch - June 12 2009

Steel Authority of India (SAIL) is likely to cut its Rs 780 billion expansion plans by 13% to save Rs 100 billion. Shares of the company gained Rs 3.25, or 1.9%, to end at Rs 174.55.
National Thermal Power Corporation (NTPC) and Bharat Heavy Electricals (BHEL) have joined hands to set up a major power projects equipment manufacturing unit in Andhra Pradesh (AP). Shares of BHEL closed down Rs 81.35, or 3.46%, at Rs 2,271.45.
Mercator Lines is planning to invest Rs 5 billion to acquire three gearless post-Panamax bulk carriers totalling 2.77 lakh dead-weight tonnage (DWT) on a charter basis. Shares of the company gained Rs 2.8, or 4.21%, to end at Rs 69.30.
Maruti Suzuki India is intending to tap new markets for exports, as the demand is shifting towards compact cars globally. Shares of the company closed down Rs 14.8, or 1.33%, at Rs 1,094.65.
Sesa Goa acquired Goa-based Dempo group`s mining assets for Rs 17.50 billion in an all-cash deal. Shares of Sesa Goa closed up Rs 12, or 6.66%, at Rs 192.10.
ONGC said it will borrow about Rs 270 billion over next three to four years to fund its projects. Shares of the company closed down Rs 46.7, or 4.01%, at Rs 1,117.90.
All the 10,000 surplus employees of Satyam Computer, who feared unemployment, can breathe easy now as the company`s new owner Tech Mahindra said there will be no retrenchment. Shares of the company closed up Rs 7.35, or 10%, at Rs 80.85