It was the top-gainer from the ‘A’ group. Steel companies are expected to post strong results in the March 2007 quarter on the back of higher steel prices. Ispat Industries is yet to announce the date for its March 2007 quarter results.
Mahindra Gesco Developers said the FII holdings in the company has reached 27.47% of the paid-up equity capital, as on 4 May 2007.
Jindal Photo reported a 326.3% growth in net profit in Q4 March 2007 at Rs 9.55 crore (Rs 2.24 crore). Net sales rose 5.7% to Rs 110.32 crore (Rs 104.40 crore). For FY 2007 (year ended 31 March 2007), the net profit rose 41.7% to Rs 27.59 crore (Rs 19.47 crore). Net sales declined 5.4% to Rs 360.67 crore (Rs 381.25 crore). The current price of Rs 110.90 discounts its FY 2007 EPS of Rs 26.89, by a PE multiple of 4.12.