2.30 crore shares were traded in IFCI counter on BSE today. The scrip topped volumes on BSE. The share price rose 3.61% to Rs 66.05.

IFCI announced on 6 August 2007 that the board of directors of the company at its meeting held on 4 August 2007, has approved inviting of expression of interest from strategic investors. The stock has surged since the beginning of this month on the back of reports that Citigroup, Lehman Brothers, BNP Paribas, Deutsche Bank and Barclays are interested in buying 26% in the financial services firm.

On 9 July 2007, IFCI announced that the board of directors of the company at its meeting held on 06 July 2007 had approved `in principle' a proposal for inviting expression of interest from strategic investors in accordance with long-term vision and business objectives of the company. The state-run lender is seeking a strong partner, be it an Indian entity or from overseas, which can add value to the company.

Reliance Natural Resources (RNRL) clocked the second highest volume of 2.27 crore shares on BSE. The share price rose 5.64% to Rs 45.90.

The Bombay High Court's final verdict on the allocation of gas from Reliance Industries' (RIL) Krishna-Godavari block which was adjourned till 18 July 2007 was adjourned again by eight weeks. The court, however, said the government can go ahead with the process of fixing of gas price as per the contract for the field, without any prejudice to either party.

Reliance Industries (RIL) had challenged Justice A M Khanvilkar's interim order restraining it from selling 40 million standard cubic metres of gas per day to be produced in Krishna Godavari gas field, which RNRL says has been committed to it for its power plants.

The Bombay High Court said on 21 June 2007 that RIL cannot sell the gas to be produced from one of its prime blocks in the Krishna-Godavari basin to any third party other than Anil Ambani’s RNRL and NTPC. In an interim order on a petition filed by RNRL, the high court said that the 81.6 million standard cubic metres per day (mscmd) of gas is to be earmarked for RNRL, NTPC or for RIL’s captive use for the next eight years.

On 4 May 2007, an interim order was passed by Justice A M Khanwilkar, preventing RIL from selling off the quantity of gas from its Andhra offshore field committed to younger brother Anil Ambani's entities including RNRL as part of 2005 demerger pact between the two brothers Mukesh and Anil.

Dolat Investments clocked the third highest volume of 1.19 crore shares on BSE. The share price declined 4.9% to Rs 7.76.

The company had fixed 7 August 2007 as the record date for the payment of interim dividend at the rate of Re 0.10 per share (10%).

On 21 July 2007, the board of Dolat Investments had approved the issue of bonus shares in the ratio of 1:1.

Net profit of Dolat Investments declined 17.94% to Rs 2.79 crore on rise of 5.50% to Rs 5.56 crore in sales in Q1 June 2007 over Q1 June 2006.

Suryachakra Power Corporation clocked the fourth highest volume of 1.16 crore shares on BSE. The share price rose 2.57% to Rs 19.95 today, 7 August 2007. The scrip had made its debut on bourses on 23 July 2007.

The Suryachakra IPO ended on 29 June 2007 with 2.18 times subscription. The issue received total bids for 7.42 crore shares compared to total issue size of 3.40 crore shares. The company had fixed IPO price at the top end of the Rs 17 - 20 price band.

On consolidated basis, Suryachakra Power Corporation had reported a net profit of Rs 1.36 crore on sales of Rs 92.82 crore in the year ended March 2007.

IKF Technologies clocked the fifth highest volume of 85.15 lakh shares on BSE. The share price declined 3.06% to Rs 7.28.

On 1 August 2007, the board of IKF Technologies had approved the joint venture agreement with telecommunication company of USA, VOIP Telesystems Inc. to give a platform for hosting the services for the calling card.

Net profit of IKF Technologies declined 65.15% to Rs 0.84 on decline of 60.24% in sales to Rs 8.52 crore in Q1 June 2007 over Q1 June 2006.