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IndusInd Bank leads gainers in 'A' group

Wednesday, October 24, 2007

Private sector lender IndusInd Bank spurted 12.77% to Rs 84.75. It topped the gainers in the BSE’s A group shares. The bank will declare Q2 September 2007 results on 27 October 2007.

Drug maker Novartis India jumped 12.66% to Rs 327.40 and came second among top gainers in A group. Its net profit grew 70.1% to Rs 30.39 crore on 14.3% rise in sales to Rs 147.88 crore in Q2 September 2007 over Q2 September 2006. The company declared results during market hours today, 24 October 2007.

Adhesive maker Pidilite Industries flared up 10.39% to Rs 181.75. It was the third biggest gainer in A group. Its net profit jumped 69% to Rs 56.30 crore on 18.8% increase in sales to Rs 370.50 crore in Q2 September 2007 over Q2 September 2006. The company declared results after market hours yesterday, 23 October 2007.

Software firm Rolta India moved up 9.76% to Rs 650.35 and came fourth among top gainers in A group. Earlier on 22 October 2007, the board of directors of the company had approved the proposal for issuing one bonus share for every one share held in the company.

Wind turbine maker Suzlon Energy rose 9.63% to Rs 1,908.75. It was the fifth biggest gainer in A group. The company said on Tuesday (23 October 2007), that it would split its shares and list its Belgium-based group company Hansen Transmissions International NV on the London Stock Exchange.

Posted by FR at 8:06 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.