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Ispat Industries leads gainers in 'A' group

Monday, September 17, 2007

Integrated steel maker Ispat Industries moved up 9.75% to Rs 21.95 and it topped gainers in the BSE’s A group. Earlier, reports suggested that the company is planning to invest about Rs 10,000 crore within five years to ramp up domestic production, and is also planning to expand overseas through capacity expansion and backward integration.

Watches and branded jewellery maker Titan Industries jumped 6.90% to Rs 1497.15. It was the second biggest gainer in the 'A' group.

Gujarat Mineral Development Corporation (GMDC) flared up 6.59% to Rs 991.55 and came third among top gainers in A group.

India’s largest engineering turnkey project service provider by sales Engineers India advanced 6.11% to Rs 484.85. It was the fourth biggest gainer in A group.

Commodities trading firm Adani Enterprises rose 4.77% to Rs 411.05 and came fifth among top gainers in A group. As per recent reports, the Adani group would invest over Rs 10,000 crore to set up a 2,640-mega watts (MW) coal-fired power plant in Ahmedabad. The project is being handled by Adani Power (APL), a wholly-owned subsidiary of Adani Enterprises.

Posted by FR at 7:07 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.