Financial Technologies (India), HDIL, Pipavav Defence & Offshore Engineering Company and Power Finance Corporation are among the other gainers.
Telecom operator Idea Cellular jumped 7.70% to Rs 151.15. The stock topped the gainers in the BSE's 'A' group.
The Department of Telecommunications (DoT) has on 1 February 2014 transferred the licenses for Punjab and Karnataka service areas held by erstwhile Spice Communications to Idea. This is subject to final outcome of Idea petition at TDSAT challenging penalties imposed by DoT in connection with acquisition of erstwhile Spice which remain stayed, Idea Cellular said in a statement issued today, 4 February 2014. Spice Communications was merged with Idea Cellular with effect from 1 March 2010. The merger was reconfirmed vide a Delhi High Court Division Bench order dated 13 July 2012.
The long pending issue of transfer of Punjab and Karnataka licenses of erstwhile Spice pending since March 2010, thus now stands resolved, Idea Cellular said. The transfer of licenses would enable Idea, the commercial use of 3G spectrum won by it in 2010 auction conducted by DoT and for which it had paid Rs 322 crore to the DoT, Idea Cellular said.
Financial software maker Financial Technologies (India) (FTIL) galloped 4.99% to Rs 289.10. The stock was second biggest gainer in 'A' group. FTIL announced during trading hours today, 4 February 2014, that the transaction, relating to sale of Singapore Mercantile Exchange (SMX) and Singapore Mercantile Exchange Clearing Corporation (SMX CC) by Financial Technologies Singapore (FTSPL), Singapore to ICE Singapore Holdings (ICE) has been completed.
Real estate developer HDIL spurted 4.86% to Rs 42.05. The stock was third biggest gainer in 'A' group.
Ship builder Pipavav Defence & Offshore Engineering Company climbed 4.82% to Rs 33.70 on bargain hunting after the stock slumped about 29% in the preceding fifteen trading sessions to Rs 32.15 on 3 February 2014, from a recent high of Rs 45 on 13 January 2014. The stock was fourth biggest gainer in 'A' group.
Power projects financier Power Finance Corporation rose 4.59% to Rs 138 ahead of the company's result announcement today, 4 February 2014. The stock was fifth biggest gainer in 'A' group.
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