In afternoon trading, Lanco Infratech climbed up 4.6% to Rs 284.10, broadening its fresh rally triggered by strong Q1 figures. The quarterly results were announced on 26 July 2007.

About 28.99 lakh shares were traded in the scrip, and the daily average volume of the stock in the last one quarter stood at 5.84 lakh shares. During the day, the stock touched its all-time high of Rs 294.70 and a low of Rs 274. It has had its 52-week low of Rs 137 on 5 April 2007.

Over the last 30 days, the stock had ascended 17.98% to 8 August 2007 as against the Sensex’s increase of 1.99%. Its equity capital stood at Rs 222.36 crore, with 22.236 crore outstanding shares with a face value of Rs 10 each.

The company’s consolidated net earnings climbed 1103.9% to Rs 51.29 crore on 135.42% rise in sales to Rs 591.44 crore in Q1 June 2007 over Q1 June 2006.

After gaining 4.12% to Rs 282.80, it topped gainers in BSE’s A group shares. The other gainers’ in the same list include Mastek, Dredging Corporation of India, Asahi India Glass and Asian Paints.

Mastek climbed up 2.72% to Rs 166.45 and placed second among top gainers in A group. Its net profit zoomed 108.16% to Rs 102.54 crore on 28.82% increase in sales to Rs 498.19 crore in FY 2007 over FY 2006.

The third place among top gainers in A group goes to Dredging Corporation of India, which climbed 2.21% to Rs 550.05. The company’s net earnings arose 62.17% to Rs 53.92 crore on 83.90% increase in sales to Rs 194.20 crore in Q1 June 2007 as compared to its corresponding period of the last year (Q1 June 2006).

Asahi India Glass came up 2.11% to Rs 109.10 and placed fourth in the gainers’ path. Its net profit jumped 316% to Rs 20.72 crore on 30.21% increase in sales to Rs 225 crore in Q1 June 2007.

The Lanco group has a vast experience in functioning in the core spheres of power generation, power trading, realty, engineering and construction, IT and production.