Debutant Nitin Fire Protection Industries tops volume chart on BSE

The stock settled at Rs 484.10 on BSE, a premium of 154.7% over IPO price of Rs 190. The stock debuted at Rs 332.50, which was also its low of the day. It hit a high of Rs 502.70.

The company had priced its IPO at the top end of Rs 171 - Rs 190 per share price band.

Nitin Fire Protection Industries had entered capital market with initial public offer on 15 May 2007. The IPO ended on 18 May 2007. The IPO ended with 48.04 times subscription. The issue received total subscription for 16.28 crore shares compared to the issue size of 33.90 lakh shares.

Nitin Fire Protection Industries provides fire protection, and safety and security by offering end-to-end turnkey solutions. This business is carried through two wholly owned subsidiaries and one partnership concern. Nitin Fire Protection Industries reported consolidated net profit of Rs 9.99 crore on revenue of Rs 100.54 crore in the year ended 31 March 2007 (FY 2007).

Reliance Natural Resources clocked the second highest volume of 1.22 crore on BSE. The share price rose 3.91% to Rs 35.90.

The scrip had maintained its numero uno slot in terms of volumes on BSE (top traded scrips in terms of trading volumes) for last three days in a row after it had slipped to the second position, last Wednesday, 30 May 2007. RNRL had topped volumes on BSE on 28 May 2007 and 29 May 2007.

On 4 May 2007 an interim order was passed by Justice A M Khanwilkar, preventing Reliance Industries (RIL) from selling off the quantity of gas from its Andhra offshore field committed to younger brother Anil Ambani's entities including Reliance Natural Resources (RNRL) as part of 2005 demerger pact between the two brothers Mukesh and Anil.

RNRL’s net profit jumped to Rs 7.35 crore in the quarter ended March 2007 from Rs 1.04 crore in the quarter ended March 2006. Sales vaulted to Rs 56.33 crore, from Rs 0.41 crore.

GV Films clocked the third highest volume of 91.31 lakh shares. The share price rose 10% to Rs 7.53.

G V Films net profit rose 160.10% to Rs 5.15 crore in Q4 March 2007 as against Rs 1.98 crore in Q4 March 2006. Sales rose 389.74% to Rs 18.61 crore in Q4 March 2007 as against Rs 3.80 crore in Q4 March 2006.

The net profit rose 241.09% to Rs 17.60 crore in the year ended March 2007(FY 2007) as against Rs.5.16 crore in FY 2006. Sales rose 129.78% to Rs 42.74 crore in FY 2007 as against Rs 18.60 crore in FY 2006. The results were announced on 30 April 2007.

Industrial Finance Corporation of India (IFCI) was the fourth highest scrip in terms of volumes on BSE today as 87.96 lakh shares were traded on the counter. The share price rose 2.70% to Rs 47.50.

. From Tuesday, 29 May 2007, NSE allowed taking fresh positions in the derivatives contracts of IFCI. Earlier, NSE had barred taking fresh positions in the derivative contracts of IFCI as the open interest limit had crossed 95%.

On 4 May 2007, IFCI had raised overseas investment ceiling in the company to 74% from 24%. IFCI reported robust results on 3 May 2007. It posted a net profit of Rs 668.43 crore in Q4 March 2007 as against net loss of Rs 1.11 crore during the previous quarter ended March 2006. Operating income rose 40.1% to Rs 1236.11 crore in Q4 March 2007 as against Rs 882.29 crore during Q4 March 2006.

It posted net profit of Rs 898.02 crore in the year ended March 2007 (FY 2007) as against net loss of Rs 74.10 crore in FY 2006. Operating income rose 20.91% to Rs 2070.99 crore in FY 2007 as against Rs 1875.26 crore in FY 2006. The results were announced on 3 May 2007.

SREI Infrastructure Finance clocked a volume of 75.24 lakh shares on BSE. It rose 1.21% to Rs 95.90.

SREI Infrastructure Finance announced on 31 May 2007 during market hours it had reached an agreement with BNP Paribas Lease group (BPLG), the leasing arm of BNP Paribas, for a strategic partnership in equipment finance in India.

The alliance will involve setting up of a new 50:50 joint venture (JV) company. The current infrastructure equipment financing business of SREI Infrastructure Finance along with its insurance broking activity will be transferred to this new JV.

SREI Infrastructure Finance's net profit rose 38.3% to Rs 17.92 crore in Q3 December 2006 compared to Rs 12.96 crore Q3 December 2005. Operating income jumped 40.8% to Rs 93.93 crore (Rs 66.71 crore).