Feb 27, 2009

Alstom Projects India leads gainers in 'A' group

25 Feb 2009 | 16:21 Alstom Projects India leads gainers in 'A' group

Alstom Projects India jumped 6.88% to Rs 277.45 and topped the gainers in BSE's A group. The stock had gained 25.30% to Rs 325.30 on 24 February 2009 from Rs 259.60 on 17 February 2009.

State-run oil marketing firm HPCL advanced 3.48% to Rs 299.25 and was the second biggest gainer in A group. Another state-run oil marketing firm BPCL spurted 3.16% to Rs 407.50 and was the fifth biggest gainer in A group.

Falling crude oil prices will help reduce under-recoveries for the state-run oil marketing firms on sale of fuel at controlled prices. They are currently making profit on sale of petrol and diesel, but continue to make losses on the sale of kerosene and liquefied petroleum gas.

Bajaj Holdings & Investment gained 3.31% to Rs 252.80. The scrip was the third biggest gainer in A group.

Oracle Financial Services Software flared up 3.24% to Rs 724.20. It was the fourth biggest gainer in A group. Oracle Financial Services Software during market hours on Tuesday, 24 February 2009 said Advanced Bank of Asia (ABA), Cambodia has implemented its banking software Oracle Flexcube across its corporate and retail banking operations.

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