Unitech leads gainers in 'A' group

19th Dec'08 Friday

EIH, Gammon India, Jet Airways, and BGR Energy Systems are among the other gainers.
India's second biggest realty firm by market capitalisation Unitech soared 16.14% to Rs 44.25, extending gains for the second day in a row, on reports it plan to invest Rs 2500 crore in affordable housing projects. It topped the gainers in BSE's A group shares. The stock is up 91.55% from a recent low of Rs 23.10 on 28 November 2008.
EIH, which operates Oberoi Hotels, spurted 13.29% to Rs 135.10, on reports its Mumbai hotel is flooded with requests for reservations at the restaurant when it reopens on 21 December 2008, almost a month after the terrorist attacks destroyed significant portions of the building. It was the second biggest gainer in A group.
Construction company Gammon India flared up 12.43% to Rs 72.35. It was the third biggest gainer in A group.
India's largest listed airliner by market capitalisation Jet Airways moved up 11.92% to Rs 186.80, on its move to lease five aircrafts. It was the fourth biggest gainer in A group. Another trigger for the rally in the counter was the recent cut in jet fuel prices announced by state-run oil firms. Jet fuel makes up almost half of an airline's operating costs.
Engineering firm BGR Energy Systems rose 11.77% to Rs 155.30 after the company secured credit lines worth Rs 2105 crore to fund its working capital requirements for a power project at Tamil Nadu. It was the fifth biggest gainer in A group.