| Hot Pursuit | Wednesday, May 26, 2010 16:25 Hrs IST |
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GMDC leads gainers in 'A' group Hindalco Industries, IDFC, GMR Infrastructure and Piramal Healthcare are among the other gainers.
Gujarat Mineral Development Corporation (GMDC) jumped 8.96% to Rs 120.40 ahead of its Q4 March 2010 results. The stock topped the gainers in BSE's 'A' group. The company is due to report its Q4 & year ended March 2010 results today, 26 May 2010. Hindalco Industries spurted 7.30% to Rs 147.75. The stock was the second biggest gainer in 'A' group. As per recent reports, the company plans to raise about Rs 7500 crore of debt under the project finance route to achieve financial closure for Mahan Aluminium, its new factory project. Infrastructure Development Finance Company (IDFC) climbed 6.84% to Rs 152.35. The stock was the third biggest gainer in 'A' group. GMR Infrastructure surged 6.63% to Rs 57.90. The stock was the fourth biggest gainer in 'A' group. Consolidated net profit rose 37.2% to Rs 73.05 crore on 15.3% fall in net sales to Rs 1124.96 crore in Q4 March 2010 over Q4 March 2009. The company declared its results on 25 May 2010. Piramal Healthcare advanced 6.60% to Rs 533.25. The stock was the fifth biggest gainer in 'A' group. Piramal Healthcare, late last week, entered into a pact with US based pharma major Abbott to sell its domestic formulations business for a cash consideration of $3.72 billion.
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