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Mastek leads gainers in 'A' group

Friday, October 12, 2007

IT service provider Mastek soared 13.15% to Rs 364.05 and it topped gainers in the BSE’s A group shares. The company has approved buyback of equity shares at a price not exceeding Rs 750 per share through open market purchases route. It has set aside a maximum Rs 65 crore for buyback.

State-run Gujarat Mineral Development Corporation flared up 10% to Rs 1,851.20. It was the second biggest gainer in A group.

IT firm iGate Global Solutions advanced 9.96% to Rs 373.80 and it stood third among top gainers in A group. US-based parent iGATE Corporation announced on Wednesday (11 September 2007) its intention to de-list the company from the BSE, NSE and the Bangalore stock exchange.

Software firm Rolta India moved up 7.55% to Rs 625.75. It was the fourth biggest gainer in A group. The company said its board will meet on 22 October 2007 to consider a proposal for bonus issue. The company will declare Q1 September 2007 results on the same day.

Steel pipes maker Welspun Gujarat Stahl Rohren rose 5.51% to Rs 335.20. It came fifth among top gainers in A group.

Posted by FR at 10:32 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.