Voltas – Stock Of The Day On BSE

VoltasVoltas Ltd. was showing huge interest among traders with the highest volume on the stock exchange (76.15 lakh shares). Its share price climbed up 15.17% to Rs 111.25. In its last quarter, the compay made healthier gains. Its net profit climbed 405.27% to Rs 119.90 crore, while sales rose 40.36% to Rs 721.35 crore. On 22 March 2007, it sold its complete stake in Simtools for Rs 78.44 crore to Lodha Developers.

GV Films showed the second highest volume of 75.64 lakh shares on BSE. The share price arose 4.95% to Rs 10.39. On 18th June 2007, GV Films announced that it will think about the demerger of the company in three different sections. The company
had also picked up city distribution of the prestigious mega film of super star Rajnikanth's 'Sivaji'. It recorded 160.10% rise in net profit during its fourth quarter results.

On Bombay Stock Exchange, Reliance Natural Resources (RNRL) clocked the third highest volume of 73.14 lakh shares. Its share price ascended 1.19% to Rs 34. According to latest reports, RNRL has sent a legal notice to the petroleum ministry against the bids invited by Reliance Industries (RIL) for sale of gas and its proposal to enter into gas sales agreements.

IKF Technologies indicated the fourth highest volume of 64.41 lakh shares. The share price dunked 2.99% to Rs 8.44..

IFCI clocked the fifth highest volume of 57.30 lakh shares. The IFCI share price dipped 1.41% to Rs 49.05. The derivative contracts in the underlying IFCI have crossed 95% of the market-wide position limit and are presently in the ban period.

Fresh reports indicate that IFCI plans to split off a fraction of its stressed asset range in the asset reconstruction company Assets Care Enterprise (ACE). Last October, RBI had said IFCI’s ARC licence would lapse if it did not start operations within six months. Recently, IFCI was granted an extension of six months to start ARC operations.

On 4 May 2007, IFCI had raised overseas investment ceiling in the company to 74% from 24%. IFCI reported robust results on 3 May 2007. It reported net profit of Rs 898.02 crore in the year ended March 2007 (FY 2007) as compared to a net loss of Rs 74.10 crore in FY 2006. Operating income increased 20.91% to Rs 2070.99 crore in FY 2007 as against Rs 1875.26 crore in FY 2006. The results were announced on 3 May 2007.