For updates visit


Indian Stock Market


IDBI leads gainers in 'A' group

Monday, August 13, 2007

Industrial Development Bank of India (IDBI) jumped 7.71% to Rs 125.10 and it topped gainers in BSE’s A group shares.

Jindal Steel and Power (JSPL) moved up 6.19% to Rs 3910, and stood second among top gainers in A group. Earlier in July 2007, JSPL had signed a contract to exploit the vast El Mutun iron ore deposits in Bolivia. The deal set out an investment of $2.1 billion by JSPL to mine iron ore and make steel at the site in eastern Bolivia.

Tata Power flared up 5.19% to Rs 721.75. It was the third biggest gainer in A group. On 10 August 2007, Tata Power had signed an equipment deal with Toshiba Corporation for its 4,000-mega watts (mw) ultra mega power project in Gujarat.

Jaiprakash Associates spurted 5.15% to Rs 850.65 and was the fourth biggest gainer in A group. Earlier on 3 August 2007, the company had acquired Malvika Steel in Uttar Pradesh for Rs 207 crore and will be investing Rs 1800 crore over the next three years to take the capacity of the plant to one million tonne per annum.

Gujarat Industries Power Company (Gipco) rose 5% to Rs 63 and it was fifth biggest gainer in A group.

Posted by FR at 6:30 PM  

Catagories ,

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

IMPORTANT DISCLAIMER

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.