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Polaris Software leads gainers in 'A' group

Friday, August 10, 2007

Mid-sized IT firm Polaris Software Lab gained 3.99% to Rs 121.20 and it topped gainers in BSE’s A group shares. IT shares bounced back today as rupee weakened against the dollar.

Apollo Tyres moved up 3.80% to Rs 390.20. It was second biggest gainer among A group shares.

HCL Technologies rose 3.80% to Rs 323.80 and stood third among top gainers in A group. As per reports, HCL Tech has dropped out of the race to acquire a 48% stake in Cambridge Solutions – a Bangalore-based Rs 1,200-crore IT and BPO services provider.

Satyam Computer rose 2.63% to Rs 479.40 and came fourth among top gainers in A group. Earlier on 31 July 2007, Satyam Computer had won two multi-million dollar contracts from Federation Internationale de Football Association (FIFA) for its forthcoming events.

Suzlon Energy flared up 2.56% to Rs 1300.25 and was the fifth biggest gainer in A group. Merrill Lynch has maintained buy rating on Suzlon Energy with a target price of Rs 1550.

Posted by FR at 5:53 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.