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IndusInd Bank leads gainers in 'A' group

Wednesday, September 12, 2007

The new-generation private sector bank IndusInd Bank jumped 11.66% to Rs 63.70 and it topped the gainers in the BSE’s A group shares. Its net profit rose 65% to Rs 13.22 crore on a 30.4% rise in operating income to Rs 495.60 crore in Q1 June 2007 over Q1 June 2006.

Chennai-based Ramco Systems soared 10% to Rs 179. It was the second biggest gainer in the A group.

National Fertiliser, largest producers of nitrogenous fertilizers in India, jumped 8.87% to Rs 39.90 and stood third among top gainers in A group.

The large-cap financial services firm, Reliance Capital moved up 8.02% to Rs 1330.55. It came fourth among top gainers in A group. Its net profit soared 219.93% to Rs 302.43 crore on 287% rise in sales to Rs 512.47 crore in Q1 June 2007 over Q1 June 2006.

Mid-sized firm Hinduja TMT spurted 7.79% to Rs 468.30. It was the fifth biggest gainer in A group.

Posted by FR at 5:32 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.