3.63 crore shares were traded in Ispat Industries counter on BSE today. The scrip topped volumes on BSE. The share price rose 17.45% to Rs 18.31.
As per recent reports, company is planning to invest about Rs 10,000 crore within five years to ramp up domestic production. It is also planning to expand in overseas through capacity expansion and backward integration.
Ispat Industries reported net profit of Rs 8.37 crore in Q1 June 2007 as against net loss of Rs 111.49 crore in Q1 June 2006. Sales rose 8.48% to Rs 1813.34 crore in Q1 June 2007 over Q1 June 2006. The results were announced on 24 Juy 2007.
Tata Teleservices (Maharashtra) clocked the second highest volume of 3.25 crore shares on BSE. The share price rose 3.67% to Rs 32.50.
Tata Teleservices (Maharashtra) reported a net loss of Rs 28.43 crore in Q1 June 2007 as against net loss of Rs 112.59 in Q1 June 2006. Sales rose 21.47% to Rs 393.34 crore in Q1 June 2007 over Q1 June 2006. The results were announced on 30 July 2007.
Nagarjuna Fertilizers & Chemicals clocked the third highest volume of 1.47 crore shares on BSE. The share price rose 4.15% to Rs 35.10.
The derivative contracts in Nagarjuna Fertilizers & Chemicals underlying are currently in the ban period on NSE as it has crossed 95% of the market-wide position limit.
Net profit of Nagarjuna Fertilizers & Chemicals declined 7.02% to Rs 7.15 crore on 2.18% rise in sales to Rs 300.30 crore in sales in Q1 June 2007 over Q1 June 2006. The results were announced on 27 July 2007.
UCO Bank clocked the fourth highest volume of 87.75 lakh shares on BSE. The share price rose 6.08% to Rs 27.90.
Net profit of UCO Bank rose 116.05% to Rs 132.87 crore 26.98% rise in total operating income to Rs 1552.98 crore in Q1 June 2007 over Q1 June 2006.
IFCI clocked the fifth highest volume of 85.45 lakh shares on BSE. The share price rose 5.05% to Rs 31.20.
The derivative contracts in IFCI underlying are currently in the ban period on NSE as it has crossed 95% of the market-wide position limit.
The Delhi-based financial institution on 14 August 2007 invited expression of interest (EoI) from domestic and foreign investors to buy a 26% stake. The deadline for submitting EoI is 14 September 2007. It will follow a two-stage process for the selection of a strategic investor by end January 2008.
IFCI announced on 6 August 2007 that the board of directors of the company at its meeting held on 4 August 2007, has approved inviting of expression of interest from strategic investors. The stock has surged since the beginning of this month on the back of reports that Citigroup, Lehman Brothers, BNP Paribas, Deutsche Bank and Barclays are interested in buying 26% in the financial services firm.
Reserve Bank of India said on 7 August 2007 that foreign funds can no longer invest in state-run IFCI without the bank's permission, as these investments had reached the 22% limit.
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