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JSW Steel leads gainers in 'A' group

Friday, August 24, 2007

JSW Steel, a part of the OP Jindal Group, moved up 10.13% to Rs 571.60 and it topped gainers in the BSE’s A group shares. Recently, the company acquired 90% stake each in three group firms, controlled by Prithvi Raj Jindal, for $900 million. These firms are Texas-based Jindal United Steel Corp, Saw Pipes USA and Jindal Enterprises LLC.

HTMT Global Solutions, the BPO arm of the Hinduja group, jumped 9.66% to Rs 328.65. It was second biggest gainer in A group shares on BSE. As per recent reports, the firm is planning four buyouts in the range of Rs 80-400 crore. These mid-sized acquisitions would strengthen its call centre operations.

Diversified firm Century Textiles & Industries spurted 8.40% to Rs 747.35 and came third among top gainers in A group.

Omaxe, a real estate development firm, climbed up 7.54% to Rs 322.45. It was the forth biggest gainer in A group.

HCL Infosystems, which makes desktops and servers, flared up 6.69% to Rs 175.45 and came fifth among top gainers in A group. The company has bagged seven-year systems intergartion contract worth Rs 500 crore from BSNL

Posted by FR at 9:53 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.