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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.

Posted by FR at 6:47 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.