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GMDC leads gainers in 'A' group

Wednesday, October 10, 2007

Gujarat state controlled Gujarat Mineral Development Corporation (GMDC) surged 20% to Rs 1,632.60 and it topped gainers in the BSE’s A group shares. Earlier on 8 October 2007, the company's shareholders had approved proposal to split each share of Rs 10 each into five equity shares of Rs 2 each.

Diversified firm Jaiprakash Associates spurted 12.93% to Rs 1,288.30. It came second among top gainers in A group. The company will announce Q2 September 2007 results on 15 October 2007.

Power generator and distributor Tata Power soared 11.43% to Rs 1,089.65 and it stood third among top gainers in A group. The company will announced Q2 results on 30 October 2007.

Sponge iron maker Jindal Steel & Power moved up 10.61% to Rs 7414.50. It was the fourth biggest gainer in A group.

Real-estate developer Sobha Developer rose 10.10% to Rs 983.55 and it came fifth among top gainers in A group. As per reports, the company has bagged a real-estate project worth Rs 6400 crore at Hyderabad. The project will be jointly developed with Reliance Energy and Andhra Pradesh Industrial Infrastructure Corporation. Sobha will hold 23% in the project.

Posted by FR at 7:24 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.