2.11 crore shares were traded in Nagarjuna Fertilizers & Chemicals (NFCL) counter on BSE today. The scrip topped volumes on BSE. The share price declined 8.3% to Rs 33.15.

Net profit of Nagarjuna Fertilizers & Chemicals declined 7.02% to Rs 7.15 crore on 2.18% rise in sales to Rs 300.30 crore in sales in Q1 June 2007 over Q1 June 2006. The results were announced on 27 July 2007.

Asian Granito India clocked the second highest volume of 1.42 crore shares on BSE on its debut. The stock settled at Rs 94.75 on BSE, a discount of 2.3% over the IPO price of Rs 97.

The stock debuted at Rs 100.15, a premium of 3.2% over the IPO price of Rs 97. The company had fixed the issue price at Rs 97 as against the IPO price band of Rs 85 to Rs 102.

Asian Granito India's IPO had ended on 31 July 2007 with 4.51 times subscription. The qualified institutional buyers (QIBs) category was subscribed 3.06 times, the non-institutional investor category 10.01 times, the retail individual investors category 4.64 times and the employees category 1.37 times.

The IPO was made to finance modernisation and expansion of the existing vitrified plant. Asian Granito India reported a consolidated net profit of Rs 22.99 crore on sales of Rs 168.19 crore in the year ended March 2007.

Tata Teleservices (Maharashtra) clocked the third highest volume of 1.39 crore shares on BSE. The share price rose 0.74% to Rs 27.20.

Tata Teleservices (Maharashtra) reported a net loss of Rs 28.43 crore in Q1 June 2007 as against net loss of Rs 112.59 in Q1 June 2006. Sales rose 21.47% to Rs 393.34 crore in Q1 June 2007 over Q1 June 2006. The results were announced on 30 July 2007.

IFCI clocked the fourth highest volume of 1.19 crore shares on BSE. The share price declined 5.4% to Rs 57.85.

The derivative contracts in IFCI underlying are currently in the ban period on NSE as it has crossed 95% of the market-wide position limit.

The Delhi-based financial institution on 14 August 2007 invited expression of interest (EoI) from domestic and foreign investors to buy a 26% stake. The deadline for submitting EoI is 14 September 2007. It will follow a two-stage process for the selection of a strategic investor by end January 2008.

The state-run lender is seeking a strong partner, be it an Indian entity or from overseas, which can add value to the company.

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.

Reserve Bank of India said on 7 August 2007 that foreign funds can no longer invest in state-run IFCI without the bank's permission, as these investments had reached the 22% limit.

SEL Manufacturing Company clocked the fifth highest volume of 1.11 crore on BSE. The share price rose 4.84% to Rs 177.50. It made its debut on bourses on 21 August 2007.

The company had fixed the issue price at top end of the Rs 80 - Rs 90 price band. SEL Manufacturing Company's IPO had ended on 31 July 2007 with 3.62 times subscription.

The company aims to expand its capacities in spinning, knitting and garment manufacturing at a total cost of Rs 184.5 crore. The debt of Rs 103.7 crore is fully tied up under technology upgradation fund scheme.

SEL Manufacturing had reported a net profit of Rs 23.60 crore on sales of Rs 187.47 crore in the year ended March 2007.