FDC Leads ‘A’ Group Gainers Path
FDC scrip topped gainers’ list in BSE's ‘A’ group shares. FDC
spurted 7.87% to Rs 34.25. The stock climbed on buying prior to its Q4
March 2007 and FY 2007 results on Tuesday, 26 June 2007. The other
gainers in the list include Gesco, Sun TV, IDFC and REL.
In Q3 December 2006, FDC’s net profit came down 19.3% to Rs 0.96
crore as compared to Rs 3.46 crore in Q3 December 2005. Sales climbed
up 26.9% to Rs 112.54 crore in Q3 December 2006 (Rs 88.70 crore).
Great Eastern Shipping Company (Gesco) rose 5.69% to Rs 342.05 and
was second among the leading gainers in the ‘A’ group. After market
hours on 21 June 2007, Gesco declared that it had signed an agreement
to purchase a 1,47,092 dead weight tons (dwt), modern (double hull)
Suezmax crude tanker. The ship is likely to join the company's fleet in
the second quarter of FY 2008.
Sun TV stood third among the top gainers in the A group and gained
5.48% to Rs 1649. On 14 June 2007, Sun TV signed an exclusive cable and
satellite channels contract with Nimbus Communications to show the live
telecast of the one-day international cricket matches of the Ireland
series between India, Ireland, South Africa and Pakistan, to be held
between on 23 June 2007 to 3 July 2007.
Infrastructure Development Finance Company (IDFC) appended 5.44% to
Rs 126.05. It was places on the fourth rank among the top gainers in
the A group.
Reliance Energy (REL) climbed up 5.32% to Rs 590.20 and came fifth
among the top gainers in the A group. The stock was encouraged by the
newest Bombay High Court order that advanced hopes of gas supplies from
Reliance Industries (RIL) to its projected power project in northern