Mid-cap textile and apparel firm Raymond soared 21.40% to Rs 327.05 and topped gainers in the BSE's A group shares. The scrip rallied after a block deal of 6.87 lakh shares was struck at Rs 273 a share on the BSE. Based on the strike price of Rs 273 a piece, the value of the deal works out to Rs 18.75 crore.
India's largest engineering turnkey project service provider by sales Engineers India advanced 20% to Rs 581.80 and came second among top gainers in A group. Yesterday (18 September 2007), the stock had risen 6.11% or Rs 27.90 at Rs 484.85.
The new-generation private sector lender Indusind Bank jumped 12.74% to Rs 73. It was the third biggest gainer in A group. Its net profit rose 65% to Rs 13.22 crore on a 30.4% rise in operating income to Rs 495.60 crore in Q1 June 2007 over Q1 June 2006.
Commodities trading firm Adani Enterprises flared up 11.95% to Rs 460.15 and came fourth among top gainers in A group. As per recent reports, the Adani group would invest over Rs 10,000 crore to set up a 2,640-mega watts (MW) coal-fired power plant in Ahmedabad. The project is being handled by Adani Power (APL), a wholly-owned subsidiary of Adani Enterprises.
Public sector undertaking Dredging Corporation of India advanced 10.69% to Rs 659.80. It was the fifth biggest gainer in A group. Its net profit rose 62.2% to Rs 53.92 crore on 83.9% increase in sales to Rs 194.20 crore in Q1 June 2007 over Q1 June 2006.
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