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IFCI tops volume on BSE

Thursday, October 25, 2007

About 2.33 crore shares of IFCI shares were traded on BSE today. The scrip topped volumes on BSE. The share price rose 8.45% to Rs 89.80.

IFCI’s net profit rose 329.3% to Rs 497.29 crore on 188.3% rise in operating income to Rs 944.01 crore in Q2 September 2007 over Q2 September 2006. The results were announced on 15 October 2007.

Reliance Petroleum clocked the second highest volume of 1.39 crore shares on BSE. The share price rose 1% to Rs 191.45.

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 in Gujarat. Based on the progress made till date, in the engineering, procurement and construction activities, RPL expects to complete the project ahead of December 2008.

Reliance Natural Resources clocked the third highest volume of 1.38 crore shares on BSE. The share price declined 1.3% to Rs 94.85.

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.

GTL Infrastructure clocked the fourth highest volume of 1.34 crore shares on BSE. The share price surged 10.14% to Rs 43.45.

The board of GTL Infrastructure on 19 October 2007 approved issuance of 26.37 crore warrants on a preferential basis to promoter group, Industrial Development Finance Company (IDFC) and Technology Infrastructure

These warrants will be converted into equity shares at a price of Rs 40 each. The holder of the warrants will have an option to apply for one equity share of the company per warrant any time after the date of allotment but on or before the expiry of 18 months from the date of allotment, in one or more tranches.

CDMA telecom service provider Tata Teleservices (Maharashtra) clocked the fifth highest volume of 1.05 crore shares on BSE. The share price declined 2% to Rs 41.65.

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 9:58 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.