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Gujarat Industries Power leads gainers in 'A' group

Thursday, September 6, 2007

Gujarat-based power generating firm Gujarat Industries Power Company spurted 9.22% to Rs 7.40 and it topped gainers in the BSE’s A group shares. 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.

Mid-cap IT company iGate Global Solutions flared up 6.16% to Rs 245.70 and came second among top gainers in A group. Yesterday (5 September 2007), Reliance Long Term Equity Fund bought 6.51 lakh shares of the company via two bulk deals on the BSE. Macquarie Bank sold 1.65 lakh shares of the company at Rs 215.18 and HSBC Financial Services Middleeast sold 4.90 lakh shares of the company at Rs 215.

State-run Dena Bank jumped 5.92% to Rs 65.30. It was third biggest gainer in A group.

Oil refiner Bongaigaon Refinery advanced 5.68% to Rs 55.80 and it was fourth biggest gainer in A group.

World's largest speciality packaging firm Essel Propack moved up 5.07% to Rs 62.15. It was the fifth biggest gainer in A group.

Posted by FR at 7:08 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.