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GMR Infrastructure leads gainers in 'A' group

Monday, July 23, 2007

GMR Infrastructure spurted 8.94% to Rs 960 and topped gainers in BSE's ‘A’ group shares.

On 10 July 2007, GMT Infrastructure in consortium with Malaysia Airport Holdings and Turkey's Limak won the rights to build Istanbul's second airport with an 1.9 billion-euro bid. >

>The consortium will build a new international terminal at the Sabiha Gokcen airport on Istanbul's Asian side and run the airport for 20 years. The winning bid does not include 18% value added tax.

Century Textiles & Industries jumped 7.52% to Rs 760.50 and stood second among top gainers in ‘A’ group. Century Textiles’ net profit surged 54.5% to Rs 107.91 crore in Q1 June 2007 over Q1 June 2006. Net sales rose 16% to Rs 836.84 crore over Q1 June 2006. The company declared the results during trading hours today, 23 July 2007.

Bhel spurted 7.12% to Rs 1765.45 and came third among top gainers in A group on BSE. The scrip surged after it said it secured a Rs 1,829-crore order for manufacturing and setting up three 500-mega watts (MW) thermal power units in Haryana.

The project is in joint venture (JV) National Thermal Power Corporation, Harayana State Electricity Board and Indraprastha Power Generation Company.

ABB gained 6.04% to Rs 1136.10 and stood fourth among top gainers in ‘A’ group. The scrip gained on fresh positions build-up ahead of the company announcing its Q2 June 2007 results on 26 July 2007.

Larsen & Toubro (L&T) grew 5.62% to Rs 2614.40 and came fifth among top gainers in ‘A’ group. L&T’s net profit jumped 139.83% to Rs 376.85 crore in Q1 June 2007 over Q1 June 2006. Sales moved up 29.57% to Rs 4,505.21 crore. The company declared Q1 results on 19 June 2007

Posted by FR at 6:13 PM  

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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.