TTML

5.31 crore shares were traded in Tata Teleservices (Maharashtra) counter on BSE today. The scrip topped volumes on BSE. The share price rose 7% to Rs 43.55.

 

National Stock Exchange had barred fresh positions in the company's derivatives contracts as the open interest had crossed the 95% limit.

 

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.

 

Himachal Futuristic Communications (HFCL) clocked the second highest volume of 3.41 crore shares on BSE. The share price surged 12.79% to Rs 26.90.

 

HFCL reported a net loss of Rs 15.63 crore in Q1 June 2007 as against net profit of Rs 17.87 crore in Q1 June 2006. Sales fell 50.5% to Rs 110.77 crore in Q1 June 2007 over Q1 June 2006.

 

Ispat Industries clocked the third highest volume of 2.37 crore shares on BSE.The share price rose 1.25% to Rs 28.40.

 

As per recent reports, Ispat Industries 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.

 

Reliance Natural Resources (RNRL) clocked the fourth highest volume of 2.29 crore shares on BSE. It declined 3.69% to Rs 91.35.

 

The stock had showed solid surge recently on reports that the company has applied for a license to undertake city gas distribution business in Delhi, Mumbai, Gurgaon and Noida. In this regard, the company had clarified that an affiliate company, Reliance Fuel Resources has submitted an application to the Ministry of Petroleum and Natural Gas for setting up city gas distribution project in Mumbai, Delhi and National Capital Region

 

Mangalore Refinery and Petrochemicals (MRPL) clocked the fifth highest volume of 2.13 crore shares on BSE. The share price surged 13.72% to Rs 74.20. Refining shares surged today after reports the government is likely to issue oil bonds worth Rs 12,000 crore to state-run oil companies to partially compensate them for selling fuel at below the cost by mid-October 2007.

 

Recently, MRPL signed a four-year product supply agreement with Shell India. The agreement, extendable by another two years, covers not only fuel supply but also infrastructure sharing and hospitality and collaboration on health, security, safety and environmental management procedures & practices. The pact will become operational from October 2007.