Buzzing Stocks

Strong Q1 Income Supports Jindal Stainless Stock

Jindal Stainless LimitedJindal Stainless climbed up 4.71% to Rs 162.25 on reporting 62.6% increase in net profit in Q1 June 2007.

The company declared the Q1 results in market hours yesterday, 23 July 2007, when the stock benefited 2.07% up at Rs 154.95.

Market Opens Above 15,800 Mark

The 30-share index opened at 15,802.19 and is presently trading sturdily. It also touched its all-time high of 15,828.98. The stocks from telecom, auto, IT and banking led the advancements.

Market ends the day Optimistically, Up 32.39 Pts

After openingBombay Stock Exchange on a strong note at 15,560.57, the 30-share index i

Bhel Reaches All-Time High With Large Order On Its Back

Bharat Heavy Electricals LimitedOn securing a Rs 1,829-crore order today, Bharat Heavy Electricals galloped about 8.61% to Rs 1,790.

Nearly 3.06 lakh shares had traded on the BSE counter.

In intra-day trade today, the Bharat Heavy Electricals (Bhel) stock also struck an record high of Rs 1,798 after it secured a Rs 1,829-crore order for fabricating and establishing three 500-MW thermal power units in Haryana.

Adequate Q1 Performance Encourages UBI Stock Value

Union Bank Of IndiaUnion Bank of India advanced 4% to Rs 155.15 in afternoon trading after declaring a 35% increase in net profit in Q1 June 2007. The results were declared during trading hours today, 23 July 2007.

In BSE’s ‘A’ group shares, it was placed on the ninth position.

ICICI Bank Net Jumps 25% On Strong Investment Banking

ICICI BankICICI Bank registered 25% growth in net profit to Rs 7,750.80 million for the first quarter ended June 2007 as against Rs 6,200.1 million in the same quarter of the last year (2006).

The operating income of the India’s biggest private sector lender ascended 50.16% to Rs 75,661.30 million for the quarter from Rs 50,386.30 million in the corresponding quarter, last year.

In comparison, total income for the same period also climbed 46.94% to Rs 92,814.20 million from Rs 63,161.9 million. The earnings per share (EPS) for the same period arose 23.7% to Rs 8.61.

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