Escorts, Moser Baer, Sterlite Optical Technologies and VSNL are among the other gainers.

Property developer Parsvnath Developers surged 8.5% to Rs 377.45 on renewed buying ahead of listing of realty major DLF. It was the top gainer from BSE’s A group shares. A good debut on the bourses from DLF may revive investor interest in real estate scrips. Select real estate scrips including Parsvnath Developers have already staged a recovery on the bourses from the battering they had witnessed earlier this calendar year.

DLF debuts on the bourses on Thursday, 5 July 2007. The company had priced its IPO at Rs 525 per share. The price band for the IPO was Rs 500 to Rs 550. At Rs 525 per share, the IPO was priced 159 times its year ended March 2007 EPS of Rs 3.30. Each DLF share has a face value of Rs 2

Escorts surged 7.6% to Rs 120.50. It was the second biggest gainer in BSE’s A group shares. Escorts reported net profit of Rs 6.71 crore in Q2 March 2007 as against net loss of Rs 16.18 crore in Q2 March 2006. Sales jumped 31.7% to Rs 573.64 crore in Q2 March 2007 as against Rs 435.51 crore in Q2 in March 2006. The company announced the results on 26 April 2007.

Moser Baer India rose 5.3% to Rs 500.70. It was the third biggest gainer in A group shares on BSE. The stock is witnessing accumulation since recently ahead of the record date for bonus issue. The stock has gained 14.3% from a recent low of Rs 437.80 on 27 June 2007. On 15 June 2007, the company fixed 18 July 2007 as record date for a 1:2 bonus issue.

Sterlite Optical Technologies (SOTL) rose 5.12% to Rs 257.70. It was the fourth biggest gainer in BSE’s A group shares. Last month, SOTL bagged patent from the United States Patent & Trademark Office for invention of its single mode optical fiber product. The patented product Sterlite DOF-LITE Single Mode Optical Fiber, is specially designed for long haul, high data rate and multi wavelength transmission

International carrier Videsh Sanchar Nigam (VSNL) advanced almost 5% to Rs 497.65. It was the fifth biggest gainer in BSE’s A group shares. Last month, VSNL announced the launch of its global Managed Hosting and Storage services for enterprises. These fully managed services offer streamlined, scalable and secure management of IT infrastructure, network and storage, initially in three globally diverse, data centres in New York, Singapore and London.