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Jindal Steel & Power leads gainers in 'A' group

Thursday, September 13, 2007

India's largest sponge iron manufacturer Jindal Steel & Power soared 7.55% to Rs 4690 and it topped the gainers in the BSE’s A group shares. The company is expecting an approval from Bolivian government this week to go ahead with its El Mutun iron-ore project in the region, the company's biggest-ever investment overseas.

Mid-cap software firm Hexaware Technologies spurted 7.10% to Rs 131.20. It was the second biggest gainer in the A group.

Commodities trading firm Adani Enterprises jumped 6.93% to Rs 381.80 and came third among top gainers in A group. Its net profit rose 83.1% to Rs 45.43 crore on 14.7% increase in sales to Rs 1940.87 crore in Q1 June 2007 over Q1 June 2006.

Welspun Gujarat Stahl Rohren, which makes submerged arc welded pipes, was up 6.84% to Rs 267.05. It came fourth among top gainers in the A group. With effect from 6 September 2007, Welspun Gujarat was included in the National Stock Exchanges’ derivatives segment.

Financial services firm Reliance Capital flared up 5.29% to Rs 1401. It was the fifth biggest gainer in A group. Net profit of Reliance Capital rose 219.93% to Rs 302.43 crore on a 287% rise in sales to Rs 512.47 crore in Q1 June 2007 over Q1 June 2006.

Posted by FR at 9:35 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.