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Himachal Futuristic Communications tops volume on BSE

Wednesday, October 24, 2007

About 2.75 crore shares of Himachal Futuristic Communications were traded on BSE today. The scrip topped volumes on BSE. The share price rose 4.51% to Rs 27.80.

Himachal Futuristic Communications reported net loss of Rs 15.63 crore in Q1 June 2007 as against net profit of Rs 17.87 crore in Q1 June 2006. Sales declined 50.48% to Rs 110.77 crore in Q1 June 2007 over Q1 June 2006.

Reliance Natural Resources clocked the second highest volume of 2.15 crore shares on BSE. The share price rose 1.91% to Rs 96.10.

Net profit of Reliance Natural Resources rose 175.83% to Rs 19.17 crore on a 5.94% decline in sales to Rs 11.72 crore in Q2 September 2007 over Q2 September 2006. The results were announced on 17 October 2007.

Reliance Petroleum clocked the third highest volume of 1.98 crore shares on BSE. The share price rose 5.92% to Rs 189.55.

Reliance Petroleum (RPL) had announced on 16 October 2007 that the company achieved over 70% overall progress in implementation of its large and complex refinery, coming up in a special economic zone (SEZ) at Jamnagar. Based on the progress made till date, in the engineering, procurement and construction activities, RPL expects to complete the project ahead of December 2008.

Power Grid Corporation of India clocked the fourth highest volume of 1.61 crore shares on BSE. The share price declined 1.47% to Rs 136.95.

As per reports, Power Grid Corporation of India (PGCIL) is planning equity investments of Rs 16,500 crore over the next five years to fund a slew of transmission projects, aimed at nearly trebling the country’s inter-regional transmission capacity.

CDMA telecom service provider Tata Teleservices (Maharashtra) clocked the fifth highest volume of 1.38 crore shares on BSE. The share price ended flat at Rs 42.50.

As per reports late last month, Tata Teleservices (Maharashtra) (TTML) is planning to raise around $200 million (Rs 1,200 crore) by way of foreign currency convertible bonds (FCCBs). The company intends to use the proceeds for expansion plans, including rollout of network and services.

Posted by FR at 8:07 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.