2.83 crore shares were traded in Nagarjuna Fertilizers & Chemicals (NFCL) counter on BSE today. The scrip topped volumes on BSE. The share price rose 4.48% to Rs 36.15.
Nt profit of Nagarjuna Fertilizers & Chemicals declined 7.02% to Rs 7.15 crore on 2.18% rise in sales to Rs 300.30 crore in sales in Q1 June 2007 over Q1 June 2006. The results were announced on 27 July 2007.
IKF Technologies clocked the second highest volume of 1.68 crore shares on BSE. The share price rose 4.29% to Rs 7.30.
On 1 August 2007, the board of IKF Technologies approved the joint venture agreement with VOIP Telesystems Inc. to give a platform for hosting the services for the calling card.
Net profit of IKF Technologies declined 65.15% to Rs 0.84 crore on decline of 60.24% in sales to Rs 8.52 crore in Q1 June 2007 over Q1 June 2006.
Chambal Fertilisers & Chemicals clocked the third highest volume of 1.18 crore shares on BSE. The share price rose 15.5% to Rs 49.55.
Chambal Fertilisers & Chemicals announced on 17 August 2007 that the company's subsidiary Chambal Biotech Singapore (CBPL) had, sold its entire holding in Technico Australia (a subsidiary of CBPL) to Russell Credit Kolkata. Following the stake sale, Technico and its subsidiaries have ceased to be the subsidiaries of the company.
Net profit of Chambal Fertilisers & Chemicals rose 65.93% to Rs 61.71 crore on 11.72% rise in sales to Rs 595.11 crore in Q1 June 2007 over Q1 June 2006. The results were announced on 25 July 2007.
IFCI clocked the fourth highest volume of 1.15 crore shares on BSE. The share price declined 0.97% to Rs 61.15.
The Delhi-based financial institution on 14 August 2007 invited expression of interest (EoI) from domestic ang foreign investors to buy a 26% stake. The deadline for submitting EoI is 14 September 2007. It will follow a two-stage process for the selection of a strategic investor by end January 2008.
The state-run lender is seeking a strong partner, be it an Indian entity or from overseas, which can add value to the company.
IFCI announced on 6 August 2007 that the board of directors of the company at its meeting held on 4 August 2007, has approved inviting of expression of interest from strategic investors. The stock has surged since the beginning of this month on the back of reports that Citigroup, Lehman Brothers, BNP Paribas, Deutsche Bank and Barclays are interested in buying 26% in the financial services firm.
Reserve Bank of India said on 7 August 2007 that foreign funds can no longer invest in state-run IFCI without the bank's permission, as these investments had reached the 22% limit.
Ispat Industries clocked the fifth highest volume of 78.61 lakh shares on BSE. The share price declined 0.69% to Rs 15.90.
As per recent reports, company is planning to invest about Rs 10,000 crore within five years to ramp up domestic production,. It is also planning to expand in overseas through capacity expansion and backward integration.
Ispat Industries reported net profit of Rs 8.37 crore in Q1 June 2007 as against net loss of Rs 111.49 crore in Q1 June 2006. Sales rose 8.48% to Rs 1813.34 crore in Q1 June 2007 over Q1 June 2006. The results were announced on 24 Juy 2007.
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