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Tuesday, July 09, 2013

TTK Prestige leads gainers in 'A' group

Karnataka Bank, Reliance Power, Housing Development and Infrastructure and Indiabulls Real Estate are among the other gainers.

Pressure cooker and kitchen appliance maker TTK Prestige surged 6.50% to Rs 3,821.30. The stock topped the gainers in the BSE's 'A' group. The company unveils Q1 results on 15 July 2013.

Private sector lender Karnataka Bank spurted 6.24% to Rs 114.85 after the bank announced during trading hours today, 9 July 2013, that it has entered into a memorandum of understanding with Reliance Capital for financing the micro, small and medium enterprises through co-financing arrangement. The stock was second biggest gainer in 'A' group.

Anil Dhirubhai Ambani-controlled power generation company Reliance Power (RPower) galloped 6.10% to Rs 75.65 after the company announced during trading hours today, 9 July 2013, that its 100 megawatts Concentrated Solar Power project in Rajasthan has received approval for carbon credits under the United Nations Framework Convention on Climate Change. The stock was third biggest gainer in 'A' group.

Clean Development Mechanism (CDM) registration will allow the project to generate and sell Certified Emission Reductions (CERs) internationally. These CERs translate into direct revenues for RPower, the company said.

Real estate developer Housing Development and Infrastructure (HDIL) jumped 5.88% to Rs 39.60. The stock was fourth biggest gainer in 'A' group.

Indiabulls Real Estate climbed 5.70% to Rs 66.75. The stock was fifth biggest gainer in 'A' group.