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Shipping Corporation of India leads gainers in 'A' group

Monday, October 15, 2007

Shipping services provider Shipping Corporation of India soared 16.49% to Rs 246.55 and it topped the gainers in the BSE’s A group shares.

Metal stocks dominated the gainers chart in A group on expectations of strong Q2 results. The BSE metal index gained 1,358.74 points or nearly 9% to 16,200.18.

Steel Authority of India (Sail), which is India’s largest steel producing firm by sales, spurted 15.41% to Rs 258.75. It was the second biggest gainer in A group.

Sterlite Industries, which is India’s largest manufacturer of copper alloy products, flared up 14.37% to Rs 931.20. It was the third biggest gainer in A group.

Power utility firm Reliance Energy jumped 12.90% to Rs 1,847.35 and it stood fourth among the top gainers in A group.

JSW Steel, which is India’s third largest steel maker by sales, rose 12.05% to Rs 991.35. It was the fifth biggest gainer in A group.

Posted by FR at 7:00 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.