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CMC leads gainers in 'A' group

Wednesday, July 11, 2007

CMC surged 13.33% to Rs 1,485 and topped gainers in BSE's ‘A’ group shares. CMC's net profit jumped 45.3% to Rs 64.10 crore in the year ended March 2007 (Rs 44.11 crore). Sales rose 19.3% to Rs 988.91 crore in FY 2007 (Rs 828.79 crore). The company announced the results on 16 April 2007.

Ramco System soared 9.97% to Rs 150 and stood second among top gainers in ‘A’ group. The company posted a net loss of Rs 32.20 crore in the year ended March 2007 (FY 2007) as against net loss of Rs 34.07 in FY 2006. Sales dipped 33.1% to Rs 78.57 crore in FY 2007 as against loss of Rs 117.47 crore in FY 2006. The company announced the results on 30 May 2007.

Rashtriya Chemicals & Fertilizers (RCF) spurted 6.17% to Rs 46.45 and came third among top gainers in ‘A’ group. As per media reports, RCF has planned a capital expenditure of Rs 10,000 crore for the next five years and it will consider tapping the capital market for raising funds.

Indian Overseas Bank gained 6.16% to Rs 134.40 and stood fourth among top gainers in ‘A’ group. The bank’s net profit rose 28.7% to Rs 1,008.43 crore in the year ended March 2007 as against Rs 783.34 crore in FY 2006. Operating income rose 25.7% to Rs 6,219.12 crore in FY 2007 (Rs 4,947.41 crore). The bank had announced the FY 2007 results on 23 April 2007.

Gujarat Narmada Valley Fertilisers Company (GNFC) jumped 5.81% to Rs 119.20 and came fifth among top gainers in ‘A’ group. GNFC's net profit rose 10.8% to Rs 326.47 crore in the year ended March 2007 (Rs 294.72). Sales moved up 27.6% to Rs 2739.27 crore in FY 2007 (Rs 2147.57 crore). The company announced the results on 5 May 2007.

Posted by FR at 9:10 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.