Ankit Metal & Power, GV Films, IFCI and Arvind Mills follow.

1.83 crore shares were traded in Reliance Natural Resources (RNRL) counter on BSE today. The scrip topped volumes on BSE. The share price rose 6.74% to Rs 40.40.

The Bombay High Court said on 21 June 2007 that Reliance Industries (RIL) cannot sell the gas to be produced from one of its prime blocks in the Krishna-Godavari basin to any third party other than Anil Ambani’s RNRL and NTPC. In an interim order on a petition filed by RNRL, the high court said that the 81.6 million metric standard cubic metres per day (mmscmd) of gas is to be earmarked for RNRL, NTPC or for RIL’s captive use for the next eight years.

As per recent reports, RNRL had sent a legal notice to the petroleum ministry against the bids invited by RIL for sale of gas and its proposal to enter into gas sales agreements. RNRL has claimed that this violates the interim stay order of the Bombay High Court, which had restrained RIL from selling the disputed proportion 28 mscmd committed to RNRL to a third party or from utilising the gas for its own captive use till a final settlement on the issue.

On 4 May 2007 an interim order was passed by Justice A M Khanwilkar, preventing RIL from selling off the quantity of gas from its Andhra offshore field committed to younger brother Anil Ambani's entities including RNRL as part of 2005 demerger pact between the two brothers Mukesh and Anil.

RNRL’s net profit jumped to Rs 7.35 crore in the quarter ended March 2007 from Rs 1.04 crore in the quarter ended March 2006. Sales vaulted to Rs 56.33 crore, from Rs 0.41 crore.

Debutante Ankit Metal & Power clocked the second highest volume of 1.72 crore shares on BSE. Ankit Metal & Power settled at a premium of 2.63% at Rs 36.95 on BSE on its debut on the bourses today compared to the IPO price of Rs 36.

Ankit Metal & Power entered the capital market with an initial public offer of 95.90 lakh equity shares on 18 June 2007. The issue closed on 22 June 2007.

The 100% book building issue had a price band of Rs 30 - Rs 36 per share. The IPO closed with 1.58 times subscription. It received total bids for 1.51 crore shares compared to the issue size of 95.90 lakh shares.

The company's net profit rose 202.9% to Rs 10.54 crore in the year ended March 2007 (FY 2007) compared to Rs 3.48 crore in the year ended March 2006. Sales were up 230.9% to Rs 209.94 crore in FY 2007 as against Rs 63.43 crore in FY 2006.

GV Films clocked the third highest volume of 73.47 lakh shares on BSE. The GV Films scrip rose 5.62% to Rs 8.65.

GV Films said on 18 June 2007 it will consider the demerger of the company in three entities. GV Studio City will do the business in multiplex and it will be in the hospitality industry, i.e., hotels, shopping malls, multi-screen. GV Technologies will concentrate in Internet protocols and IP TV, which is the future of the entertainment business. GV Films will cover the entire production of films, television serials, distribution of films and providing content.

On 25 June 2007, the company's board said the cut-off date for de-merger is 30 June, 2007 and Deloitte Haskins & Sells will submit a detailed report on the demerger on or before 15 July 2007.

On 11 June 2007, GV Films picked up city distribution of the prestigious mega film of super star Rajnikanth's 'Sivaji'.

GV Films's net profit rose 160.10% to Rs 5.15 crore in Q4 March 2007 as against Rs 1.98 crore in Q4 March 2006. Sales surged 389.74% to Rs 18.61 crore (Rs 3.80 crore).

Net profit soared 241.09% to Rs 17.60 crore in the year ended March 2007 as against Rs.5.16 crore in FY 2006. Sales were up 129.78% to Rs 42.74 crore in FY 2007 as against Rs 18.60 crore in FY 2006. The results were announced on 30 April 2007.

IFCI clocked the fourth highest volume of 73.37 lakh shares on BSE. The share price declined 1.58% to Rs 59.05.

IFCI announced on 9 July 2007, that the board of directors of the company at its meeting held on 06 July 2007 had approved `in principle' a proposal for inviting expression of interest from strategic investors in accordance with long-term vision and business objectives of the company. The state-run lender is seeking a strong partner, be it an Indian entity or from overseas, which can add value to the company.

IFCI reported a net profit of Rs 246.86 crore in Q1 June 2007 as against net loss of Rs 15.61 crore in Q1 June 2006. Operating income rose 96.6% to Rs 506.35 crore in Q1 June 2007 as against Rs 257.61 crore in Q1 June 2006.

Arvind Mills clocked the fifth highest volume of 69.56 lakh shares on BSE. The share price rose 9.80% to Rs 51. The Arvind Mills scrip rallied on market talk of the company selling surplus land near Ahmedabad, Gujarat. As per media reports, Reliance Retail is in talks with the company for its Santej land in Ahmedabad. Arvind holds almost 750 acres of land at Santej, located just 20 km away from Ahmedabad city.

Arvind Mills net profit declined 74.85% to Rs 5.40 crore Q4 March 2007 as against Rs 21.47 crore in Q4 March 2006. Sales rose 35.05% to Rs 483.13 crore in Q4 March 2007 as against Rs 357.75 crore in Q4 March 2006.

The net profit declined 5.98% to Rs 119.56 crore in the year ended March 2007 (FY2007) as against Rs 127.16 crore during the previous year ended March 2006 (FY 2006). Sales rose 16.12% to Rs 1844.91 crore in FY 2007 as against Rs 1588.79 crore in FY 2006.The results were announced on 12 May 2007.