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In early hours, EIH gained 3.10% to Rs 104.60 as a big block deal executed at Rs 102 per share on Bombay Stock Exchange.

The company’s share price touched a highest peak of Rs 105 and a low of Rs 100.95 during the day. On 13 September 2006, the scrip has had its 52-week high of Rs 127.

The block deal was of 19 lakh shares and was struck today. The overall volume was 19.58 lakh shares and the average daily volume in the stock was 50,051 shares in the past one quarter.

The date for submission of views by the industry on a consultation paper for reviewing key license conditions and capping the number of access providers has been extended by the Telecom regulator Telecom Regulatory Authority of India. TRAI said that service providers could now submit their comments by July 6.
The consultation paper - 'Review of license terms and condition and capping number of access providers' – was floated by the regulator on June 12, with a view to start the second phase of telecom reforms.
The paper had sought comments on the issue of allowing operators to offer services under the same license using a combination of technology, limiting the number of companies in each area, mergers, acquisitions and roll out obligations.

Ranbaxy Laboratories gained ground after declaring it got an approval to make and sell Amlodipine Besylate in the United States. Its share price bobbed up 1.82% to Rs 358.25.
The shared price had reached a high of Rs 358.40 and a low of Rs 353.95 during the day. In the last one quarter, the company’s scrip had an average daily volume of 2.71 lakh shares on BSE.
At present level of Rs 358.25, the stock trades at a PE multiple of 26.14 based on its Q1 March 2007 annualized earning per share (EPS) of Rs 13.7.

Canara Bank has topped the gainers list on Bombay Stock Exchange (BSE).

IFCI topped the volume charts on BSE with 89.56 lakh shares.

The BSE Mid-Cap Index climbed up 33.74 points, or 0.53%, to close the day at 6,373.76. It also touched its lifetime peak of 6,397.15 during the day.

IVRCL Infrastructure (up 1.71% to 367.75), Amtek Auto (up 1.57% to Rs 420.75) and Great Eastern Shipping Company (3.68% to Rs323.65) were the main components contributing to the index's heave.

IVRCL Infrastructure, Divi’s Lab (which was down), Amtek Auto and Great Eastern Shipping Company have weightages of 1.58%, 1.44%, 1.41% and 1.36% respectively, in the BSE Mid-Cap Index.