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Escorts leads gainers in 'A' group

Wednesday, September 5, 2007

Tractor maker Escorts soared 11.63% to Rs 105.55 and it topped the gainers in the BSE’s A group shares.

Gujarat-based power generating firm Gujarat Industries Power Company spurted 8.62% to Rs 69.95. It was the second biggest gainer in A group. Recently, its board approved expansion of its lignite-fired power generating capacity at an investment of Rs 1300 crore by installing two units of 250 mega watts each. The estimated investment covers the plants at Surat in south Gujarat. The project would be financed by debt and internal accruals.

Small-cap electronic durables maker MIRC Electronics moved up 6.13% to Rs 19.05 and came third among top gainers in A group.

India’s largest batteries manufacturer by sales Exide Industries advanced 4.88% to Rs 64.45. It was the fourth biggest gainer in A group. Earlier on 28 August 2007, the company’s board had approved to raise Rs 150 via rights issue in the ratio of 1:15 i.e one rights share for every 15 shares held at Rs 30 per share.

Mid-cap IT company iGate Global Solutions rose 4.70% to Rs 233 and came fifth among top gainers in A group.

Posted by FR at 5:50 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.