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Adani Enterprises leads gainers in 'A' group

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Capital Market
Last Updated : Feb 20 2014 | 12:02 AM IST

Financial Technologies (India), MCX, Thermax and Gujarat Mineral Development Corporation are among the other gainers.

Commodities trading company Adani Enterprises jumped 7.04% to Rs 244.05. The stock topped the gainers in the BSE's 'A' group.

Financial software maker Financial Technologies (India) (FTIL) hit an upper circuit limit of 4.99% at Rs 326.20 on a media report that Tech Mahindra has shown interest in buying a sizeable equity stake in the company. The stock was second biggest gainer in 'A' group.

According to the media report, Tech Mahindra has hired consultants to carry out a due diligence of Financial Technologies (India) (FTIL). However, the report suggested that it is uncertain whether the ongoing negotiations will translate into a deal. According to preliminary discussions, Tech Mahindra will subscribe to preferential shares issued by FTIL as well as buy a part of the equity stake controlled by its promoters, the report added. As on 31 December 2013, promoters held 45.63% stake in FTIL.

Commodity exchange operator MCX spurted 4.95% to Rs 542.05. The stock was third biggest gainer in 'A' group.

Energy and environment solutions provider Thermax climbed 3.92% to Rs 668.10. The stock was fourth biggest gainer in 'A' group.

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Gujarat government-owned miner Gujarat Mineral Development Corporation (GMDC) rose 3.82% to Rs 106.10. The stock was fifth biggest gainer in 'A' group.

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First Published: Feb 19 2014 | 4:22 PM IST

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