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TVS Motor Company leads gainers in 'A' group

Monday, September 10, 2007

TVS Motors gained 12.98% to Rs 72.70 and it topped gainers in the BSE’s A group shares.

TVS Motor, India's third-largest motorbike maker, plans to take libel action against Bajaj Auto after the latter accused the former of breaching patented rights on engine technology. Recently,TVS unveiled seven new products, including a new 125 cc bike, Flame, which Bajaj Auto, India's second-largest motorbike maker, said used the same Digital Twin Spark (DTS) technology, that it had developed and patented in 2002.

Escorts rose 6.2% to Rs 108.75. It was the second biggest gainer in A group.

Escorts reported a net loss of Rs 6.24 crore in Q3 June 2007 as against net profit of Rs 1.57 crore in Q3 June 2006. Sales rose 7.73% to Rs 515.50 crore in Q3 June 2007 over Q3 June 2006. The results were announced on 31 July 2007.

Bongaigaon Refinery & Petrochemicals (BRPL) rose 6.18% to Rs 60.10. It was the third biggest gainer in A group.

National Stock Exchange said after trading hours on Friday, 7 September 2007, fresh positions cannot be created in the derivatives contracts of Bongaigaon Refinery & Petrochemicals as the open interest has crossed 95% of the limit

Chennai Petroleum Corporation rose 5.27% to Rs 284.85. It was the fourth biggest gainer in A group. Net profit of Chennai Petroleum Corporation rose 26.93% to Rs 323.15 crore on 2.61% decline in sales to Rs 6296.61 crore in Q1 June 2007 over Q1 June 2006. The results were announced on 11 July 2007.

Reliance Petroleum rose 4.48% to Rs 128.35 . It was the fifth biggest gainer in A group.

On 16 July 2007, Reliance Petroleum (RPL) said it completed 65% of the project work for the refinery complex, which is coming up coming up in a special economic zone (SEZ) at Jamnagar in Gujarat .The project was commenced 19 months ago. The refinery is well on track for completion by December 2008, RPL said.

Posted by FR at 6:01 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.