2.03 crore shares were traded in Tata Teleservices (Maharashtra) counter on BSE today. The scrip topped volumes on BSE. The share price declined 0.15% to Rs 34.40.
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 second highest volume of 94.36 lakh shares on BSE. The share price surged 6.19% to Rs 46.35.
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.
Ispat Industries clocked the third highest volume of 1.48 crore shares on BSE. The share price rose 4.04% to Rs 19.30.
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.
IFCI clocked the fourth highest volume of 1.46 crore shares on BSE. The share price declined 0.84% to Rs 77.10.
As per reports US-based private equity group Blackstone is likely to join the race to acquire a 26% stake in the firm.
IFCI's board earlier met on 4 September 2007 and noted the initiation of the process for induction of a strategic investor. The board has stressed on a due diligence advisor to guide and advise the board.
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 stock has surged since the beginning of last 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.
Vishal Exports Overseas clocked the fifth highest volume of 1.25 crore shares on BSE. The share price hit 20% upper circuit of Rs 2.82.
Vishal Exports Overseas reported net loss of Rs 36.87 crore in Q1 June 2007 as against net profit of Rs 12.34 crore in Q1 June 2006. Sales declined 98.84% to Rs 10.31 crore in Q1 June 2007 over Q1 June 2006. The results were announced on 31 July 2007.
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