Friday, September 14, 2007

Jindal Steel & Power leads gainers in 'A' group

India's largest sponge iron manufacturer Jindal Steel & Power soared 7.55% to Rs 4690 and it topped the gainers in the BSE's A group shares. The company is expecting an approval from Bolivian government this week to go ahead with its El Mutun iron-ore project in the region, the company's biggest-ever investment overseas.

Mid-cap software firm Hexaware Technologies spurted 7.10% to Rs 131.20. It was the second biggest gainer in the A group.

Commodities trading firm Adani Enterprises jumped 6.93% to Rs 381.80 and came third among top gainers in A group. Its net profit rose 83.1% to Rs 45.43 crore on 14.7% increase in sales to Rs 1940.87 crore in Q1 June 2007 over Q1 June 2006.

Welspun Gujarat Stahl Rohren, which makes submerged arc welded pipes, was up 6.84% to Rs 267.05. It came fourth among top gainers in the A group. With effect from 6 September 2007, Welspun Gujarat was included in the National Stock Exchanges' derivatives segment.

Financial services firm Reliance Capital flared up 5.29% to Rs 1401. It was the fifth biggest gainer in A group. Net profit of Reliance Capital rose 219.93% to Rs 302.43 crore on a 287% rise in sales to Rs 512.47 crore in Q1 June 2007 over Q1 June 2006.

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