MMTC leads gainers in 'A' group

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SENSEX, NIFTY UP 1% EACH FOR THE WEEK
CNX MIDCAP INDEX UP 1%, BSE SMALLCAP INDEX UP 1.6%
METAL INDEX UP 3.7%, AUTO INDEX UP 2.3%, FMCG UP 1.5%
INDEX GAINERS: SUZLON UP 9.3%, TATA STEEL UP 6.3%, SAIL UP 5.3%
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CESC, SREI INFRA IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
GAMMON INFRA BAGS NHAI PROJECT WORTH RS.850 CRORES
NET PROFIT AT RS.48.2 CR VS RS.12 CR; SALES UP 55% AT RS.849 CR (YOY)
PROFIT UP 55% AT RS.143.50 CR; NET SALES UP 22.5% AT RS.2234.20 (YOY)
IMPORTING SUGAR BEING REVIEWED; NEED FOR ECONOMIC PRICING OF SUGAR
IN DISCUSSIONS WITH FARMERS TO COME AT PRICE COMFORTABLE FOR BOTH SIDES
TOO EARLY TO TALK OF DENA BANK MERGER WITH ANOTHER PSU BANK: NW
KEEPS OVERNIGHT LENDING RATE UNCHANGED AT 0.1%
STILL SEE DOWNSIDE RISK FOR THE ECONOMY
AIM TO CONVERT NON USERS TO USERS WITH THE HELP OF ROAMING TARIFF CUTS
PREFER TO REMAIN AGGRESSIVE WITHOUT GETTING INTO A PRICE WAR
MURTAZA KHORAKIWALA TO NDTV: CANNOT COMMENT ON SUB JUDICE MATTER
WOCKHARDT TO PAY BACK ALL SECURED, UNSECURED LOANS IN 5 YRS AS PER CDR
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EYEING TO SETTLE PAYMENT DEFAULT CASE OUT OF COURT: SOURCES
ALERT: ROAMING CONTRIBUTES 15% OF BHARTI REVENUES
ROAMING CALLS ON OTHER NETWORKS AT 80 PAISE/MINUTE
ROAMING CALLS ON OWN NETWORK AT 60 PAISE/MIN
SWAP TO REDUCE OVERALL FINANCE CHARGES FOR THE COMPANY: CFO
COMPLETES SWAP OF $875MN FOREX CONVERTIBLE BONDS

Updated: 06/11/2009 | 12:00 AM IST

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Friday, November 06, 2009 (New Delhi)

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Shares of state-run firms dominated gainers in BSE's 'A' group after the government on Thursday mandated more sales of shares by state-run firms. The government said all profitable, listed state-run firms must have at least 10% of their shares in public hands, and unlisted firms that had a positive net worth, no accumulated losses and a net profit over the past three years should list.

State-run trading company MMTC jumped 20% to Rs 36,146.85. The stock topped the gainers in the BSE's 'A' group. The company's net profit rose 4.5% to Rs 48.90 crore on 24.5% fall in net sales to Rs 9432.11 crore in Q2 September 2009 over Q2 September 2008. The company declared its results on 23 October 2009.

Rashtriya Chemicals & Fertilizers spurted 11.76% to Rs 73.65 on reports the company is set to enter cement distribution through its 6,000-strong dealer network. It was the second biggest gainer in 'A' group.

Public sector undertaking Hindustan Copper surged 10% to Rs 256.35. It was the third biggest gainer in 'A' group today.

State-run NMDC moved up 10% to Rs 338.40. The stock was the fourth biggest gainer in 'A' group.

Jai Corp gained 9.98% to Rs 180.65. The stock was the fifth biggest gainer in 'A' group.

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