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Relaince Natural Resources tops volume on BSE

Tuesday, October 23, 2007

1.8 crore shares were traded in Reliance Natural Resources counter on BSE today. The scrip topped volumes on BSE. The share price rose 8.58% to Rs 94.30.

Net profit of Reliance Natural Resources rose 175.83% to Rs 19.17 crore on 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.

Power Grid Corporation of India clocked the second highest volume of 1.63 crore on BSE. The share price declined 6.96% to Rs 139.

As per reports, Power Grid Corporation of India (PGCIL) is planning equity investments to the tune 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.

Unitech clocked the third highest volume of 1.38 crore on BSE. The share price rose 9.94% to Rs 336.65.

Eight of company’s wholly-owned subsidiary companies had earlier submitted applications to the Department of Telecommunications, Ministry of Communications and Information Technology to provide unified access services (UAS) in 22 telecom circles across the country.

CDMA telecom service provider Tata Teleservices (Maharashtra) clocked the fourth highest volume of 1.26 crore shares on BSE. The share price rose 6.38% to 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.

IKF Technologies clocked the fifth highest volume of 1.16 crore shares on BSE. The share price declined 1.96% to Rs 5.50.

Net profit of IKF Technologies declined 65.15% to Rs 0.84 crore on 60.24% decline in sales to Rs 8.52 crore in Q1 June 2007 over Q1 June 2006.

Posted by FR at 10:47 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.