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Most medium-term stocks surged due to the market rally. Crompton rocketed 48%, JVL Agro 45% and Navabharat Ventures 40%
Gainers: Among the medium-term stocks, Crompton rocketed up 48% last fortnight when it reported vastly improved results for the March quarter. JVL Agro, which sells vanaspati in the Hindi heartland, shot up 45% while Navbharat Ventures zoomed by 40%. Other big gainers...
GMR Infrastructure led with a 44% gain; SBI was up 35% and oil companies IOC, HPCL and BPCL rose 34%, 30% and 24%, respectively on hopes of freer pricing
Gainers: GMR Infrastructure has won a Rs1,460-crore order for the Hyderbad-Vijayawada four-lane highway project. The stock surged 44%. Navbharat Ventures and State Bank of India (SBI) were up over 35% each. SBI is gaining momentum on rumours...
Axis Bank gained 18% and ICICI Bank was up 20%; Maruti has continued to record great growth and Cairn Energy rose on the back of rising crude prices
Gainers: Crude prices are rising again, trading as high as $60 a barrel during the past fortnight. On the back of this rally, Cairn India gained 11%. Lupin settled an ongoing dispute with Wyeth relating to Venlafaxine extended release capsules, a...