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Lanco Infratech leads gainers in 'A' group
Monday, July 30, 2007
Lanco Infratech jumped 9% to Rs 230.20. The scrip topped gainers in BSE’s A group shares. The stock had risen 0.74% to Rs 210.85 on Friday, 27 July 2007, in an otherwise weak market after it reported robust Q1 June 2007 results after trading hours on Thursday, 26 July 2007.
Lanco’s consolidated net profit rose 1103.9% to Rs 51.29 crore in Q1 June 2007 over Q1 June 2006.
India’s largest FMCG firm in terms of sales Hindustan Unilever surged 6% to Rs 208.75 after its board on Sunday, 29 July 2007, approved a share buyback at up to Rs 230 rupees a share, at a 17% premium over the ruling market price. It was the second biggest gainer in BSE’s A group shares.
Federal Bank rose 5.6% to Rs 351.65, extending its post-results rally. It was the third biggest gainer in BSE’s A group shares. The stock has gained 8.5% in past three trading sessions from Rs 323.90 on 25 July 2007. On 26 July 2007, Federal Bank reported 67% growth in net profit to Rs 66.94 crore in Q1 June 2007 over Q1 June 2006.
India’s largest commercial bank State Bank of India (SBI) gained 5.2% to Rs 1,579 after it posted 78.6% jump in net profit to Rs 1,425.81 crore in Q1 June 2007 over Q1 June 2006. It was the fourth biggest gainer in BSE’s A group shares.
Gas transmission & distribution firm GAIL (India) rose 5% to Rs 342.35. It was fifth biggest gainer in BSE’s A group shares. GAIL on Friday, 27 July 2007, reported 16% growth in net profit to Rs 685.22 crore in Q1 June 2007 over Q1 June 2006, despite rise in subsidy burden.