Ispat Industries gained 5.48% to Rs 14.82 and it topped gainers in BSE's A group shares. The stock moved up media reports that it plans to invest about Rs 10,000 crore within five years to ramp up domestic production. Ispat Industries is also planning to expand overseas through capacity expansion and backward integration.
Bongaigaon Refinery and Petrochemicals moved up 4.17% to Rs 57.50. It ranked second among the top gainers in A group shares on BSE. The Bongaigaon Refinery scrip gained as investors mopped up the stock due to attractive dividend yield. The company has declared dividend of Rs 3.50 per shares and the stock continues to trade cum-dividend. At the current market price of Rs 57.50, the dividend yield works out to 6%. The stock becomes ex-dividend from 21 August 2007.
JB Chemicals & Pharmaceuticals flared up 2.60% to Rs 65.10 and its came third among top gainers in A group shares.
Dredging Corporation of India rose 2.55% to Rs 543.50. It was the fourth biggest gainer in A group. Its net profit rose 62.17% to Rs 53.92 crore on 83.90% increase in sales to Rs 194.20 crore in Q1 June 2007 over Q1 June 2006. The company declared the Q1 results on 30 July 2007.
EIH rose 2.20% to Rs 108.95 and came fifth among top gainers in A group.
No comments:
Post a Comment