Mastek surged 15.82% to Rs 330.15 and topped gainers in the ‘A’ group.

The Mastek scrip rallied after the company said, before market hours today, 16 July 2007, it had acquired a 90% stake in US-based Vector Insurance Services LLC, a technology solutions provider and third party administrator that focuses on the North American life and annuity insurance industry. The acquisition is being funded through internal accruals.

Power Finance Corporation (PFC) soared 11.76% to Rs 195.80 and ranked second among the top gainers in the ‘A’ group. PFC’s net profit soared 103.18% to Rs 308.64 crore in Q1 June 2007 as against Rs 151.90 crore in Q1 June 2006. Total income flared up 35.57% to Rs 1,145.80 crore in Q1 June 2007 (Rs 845.13 crore). The company announced the Q1 results during market hours today, 16 July 2007.

CESC spurted 9.66% to Rs 497.65 and was the third among the top gainers in the ‘A’ group.

Allahabad Bank rose 8.94% to Rs 99.90 and ranked fourth among the top gainers in the ‘A’ group. Allahabad Bank’s net profit rose 56.26% to Rs 200.40 crore in Q1 June 2007 as against Rs 128.25 crore in Q1 June 2006. Total operating income was up 38.63% to Rs 1,440.45 crore (Rs 1,039.05 crore). The company announced Q1 results on 13 July 2007.

Pidilite Industries flared up 8.27% to 149.85 and was fifth among the top gainers in the ‘A’ group. On 9 July 2007, Pidilite Industries entered into a pact for acquisition of plant, machinery, technology, patent and trademark of an international specialty chemical company for an undisclosed sum.