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Indian Stock Market


GMDC leads gainers in 'A' group

Wednesday, October 17, 2007

State run mining firm Gujarat Mineral Development Corporation (GMDC) soared 10% to Rs 2463.85 and it topped gainers in the BSE’s A group shares. Analysts say mining scrips are rising due to lack of supply of resources while demand remains high.

Drug maker Nicholas Piramal jumped 8.05% to Rs 293.30. It was the second biggest gainer in the A group. As per recent reports, the company would hive off its drug research business unit by June 2008.

Power Grid Corporation of India, which owns India’s inter-regional electric power transmission system, flared up 7.85% to Rs 136.75. It came third among top gainers in A group.

Hospitality firm EIH gained 4.45% t Rs 132.65 and it stood fourth among top gainers in A group. The company will declare Q2 results on 30 October 2007.

Fiber optic cables maker Sterlite Optical Technologies rose 3.78% to Rs 290.95. It was the fifth biggest gainer in A group.

Posted by FR at 6:50 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.