Anil Ambani-run Reliance Capital soared 14.15% to Rs 1808.65 and it topped gainers in the BSE's A group shares. As per recent reports, Reliance Capital plans to ramp up its life insurance business with an investment of over Rs 2,000 crore over the next few years.
Color television maker MIRC Electronics moved up 12.98% to Rs 24.80. It was the second biggest gainer in A group. The scrip soared on a buzz that the two members of the Onida founding family, who together hold 66% in Guviso, the holding company for Mirc Electronics, have broken off with the third main shareholder. The two members have reportedly begun talks with a rival group led by Videocon and Kishore Biyani's Future Capital to sell a substantial stake in the main holding company.
India's second largest power utility by revenue Reliance Energy spurted 11.94% to Rs 1349.40. It was the third biggest gainer in A group. The company's board on Sunday, 30 September 2007 approved the proposal by Reliance Power to undertake an initial public offering (IPO) of equity shares to raise close to $2.5 billion in the country's largest power sector IPO.
Commodities trading firm Adani Enterprise jumped 10.30% to Rs 614.85 and it came fourth among top gainers in A group.
Textile and apparel firm Raymond rose 6.70% to Rs 345.80. It was the fifth biggest gainer in A group.
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