Jindal Steel & Power leads gainers in 'A' group

Captital Market | Mumbai |

Bharat Forge, Pipavav Defence and Offshore Engineering Company, TV18 Broadcast and Aurobindo Pharma are among the other gainers.

Jindal Steel & Power jumped 5.76% to Rs 314.85. The stock topped the gainers in the BSE's 'A' group. The stock hit a 52-week high of Rs 319.70 in intraday today.

Automotive components maker Bharat Forge galloped 5.54% to Rs 498.50 after net profit jumped 137.57% to Rs 118.98 crore on 38.53% growth in total income to Rs 963.12 crore in Q4 March 2014 over Q4 March 2013. The result was announced during market hours today, 27 May 2014. On a consolidated basis, Bharat Forge's net profit surged 101.36% to Rs 498.53 crore on 29.59% growth in total income to Rs 6841.02 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).

The Bharat Forge stock was second biggest gainer in 'A' group. The stock hit a record high of Rs 507.65 in intraday today.

Ship builder Pipavav Defence and Offshore Engineering Company spurted 4.99% to Rs 58.90. The stock was third biggest gainer in 'A' group.

Media firm TV18 Broadcast climbed 4.88% to Rs 34.40 after consolidated net profit jumped 107.51% to Rs 35.90 crore on 16.50% increase in total income to Rs 572.25 crore in Q4 March 2014 over Q4 March 2013. The result was announced during trading hours today, 27 May 2014. TV18 Broadcast reported a net profit of Rs 103.63 crore in the year ended March 2014 compared with net loss of Rs 25.44 crore in the year ended March 2013. Total income rose 14.78% to Rs 2000.54 crore in the year ended March 2014 over the year ended March 2013. The stock was fourth biggest gainer in 'A' group.

Pharmaceutical company Aurobindo Pharma rose 4.62% to Rs 642.25. The stock was fifth biggest gainer in 'A' group. The stock hit a record high of Rs 643.40 in intraday today. The company will announce Q4 results on 30 May 2014.

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