4.13 crore shares were traded in Nagarjuna Fertilizers & Chemicals (NFCL) counter on BSE today. The scrip topped volumes on BSE. The share price surged 15.54% to Rs 37.55.
The derivative contracts in the Nagarjuna Fertilizers & Chemicals underlying have crossed 95% of the market-wide position limit and are currently in the ban period on NSE.
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.
Ventura Textiles clocked the second highest volume of 2.31 crore on BSE. The share price rose 5% to Rs 2.67.
Ventura Textiles reported a net loss of Rs 1.84 crore in Q1 June 2007 as against net profit of Rs 5.60 crore in Q1 June 2006. Sales declined 47.24% to Rs 7.74 crore in Q1 June 2007 over Q1 June 2006. The results were announced on 30 July 2007.
Ventura Textiles announced on 30 July 2007 that pursuant to the BIFR order dated 22 June 2007, the board had approved to write-off 75% of equity share capital & reserves & surplus against accumulated losses of the company. The board also decided to consolidate shares to face value of Rs 10 each from current face value of rupee one.
Chambal Fertilisers & Chemicals clocked the third highest volume of 98.55 lakh shares on BSE. The share price rose 19.92% to Rs 44.85.
Chambal Fertilisers & Chemicals announced on 17 August 2007 that the company's subsidiary Chambal Biotech Singapore (CBPL) had, sold its entire holding in Technico Australia (a subsidiary of CBPL) to Russell Credit Kolkata. Following the stake sale, Technico and its subsidiaries have ceased to be the subsidiaries of the company.
Net profit of Chambal Fertilisers & Chemicals rose 65.93% to Rs 61.71 crore on 11.72% rise in sales to Rs 595.11 crore in Q1 June 2007 over Q1 June 2006. The results were announced on 25 July 2007.
IFCI clocked the fourth highest volume of 86.76 lakh shares on BSE. The share price rose 4.02% to Rs 64.70.
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.
The state-run lender is seeking a strong partner, be it an Indian entity or from overseas, which can add value to the company.
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.
IKF Technologies clocked the fifth highest volume of 84.9 lakh shares on BSE. The share price remained flat at Rs 7.
On 1 August 2007, the board of IKF Technologies approved the joint venture agreement with VOIP Telesystems Inc. to give a platform for hosting the services for the calling card.
Net profit of IKF Technologies declined 65.15% to Rs 0.84 on decline of 60.24% in sales to Rs 8.52 crore in Q1 June 2007 over Q1 June 2006.
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