Integrated steel maker Ispat Industries jumped 17.45% to Rs 18.31 and it topped gainers in the BSE's A group shares. As per recent reports, 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.
World's sixth largest steel maker Tata Steel spurted 8.99% to Rs 659.85. It was the second biggest gainer in A group. Tata Steel recorded a consolidated net turnover of Rs 31,155 crore for Q1 June 2007, an increase of 442% over Q1 June 2006, on the back of Corus acquisition. Its consolidated operating profit surged 186% to Rs 4,904 crore in Q1 June 2007 over Q1 June 2006
Fifth largest multinational pharma company by sales Abbott India soared 8.56% to Rs 571.30 and came third among top gainers in A group. Abbott's board will meet on 5 September 2007, to consider a buyback of equity shares. The buyback price to be determined by the board will not exceed Rs 650 per equity share.
Infrastructure development firm Lanco Infratech spurted 5.42% to Rs 299.40. It was the fourth biggest gainer in A group. Earlier on 21 August 2007, Lanco Infratech secured an Rs 82.39 crore order from airports authority of India to construct a new terminal building at Varanasi Air Port.
India's largest steel maker Steel Authority of India (SAIL) jumped 5.15% to Rs 161.20 and came fifth among top gainers in A group. As per recent reports, the company has earmarked Rs 2,500 crore to raise its iron ore capacity to 29.5 million tonne (mt) by 2011-12 from 17 mt currently. This is in line with its ambitious plans to boost hot metal capacity to 23 mt.
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