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Emami leads gainers in 'A' group

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Capital Market
Last Updated : Jul 10 2013 | 4:35 PM IST

FMCG company Emami surged 5.74% to Rs 493.45. The stock topped the gainers in the BSE's 'A' group.

Pharmaceutical company Wockhardt spurted 5.12% to Rs 961. The stock was second biggest gainer in 'A' group.

Gold jewellery and watches maker Titan Industries galloped 4.31% to Rs 249.45, extending Tuesday's 2.71% rise triggered by a foreign brokerage upgrading the stock to 'buy' from 'neutral'. The stock was third biggest gainer in 'A' group.

Shares of Titan Industries rose 2.71% to Rs 239.15 on Tuesday, 9 July 2013. The stock has risen 7.13% in two sessions from Rs 232.85 on 8 July 2013. The broker said in its report that Titan Industries is sufficiently capitalised to buy gold without too much leverage, while its growth is being supported by additional stores and resilient wedding and discretionary demand. The report added that Titan's policy of hedging gold fully protects it from volatile gold prices, while it offers a strong competitive position due to its high capital efficiency. Titan imports gold for its retail gold jewellery business.

IT company Tech Mahindra jumped 3.63% to Rs 1,080.10. The stock was fourth biggest gainer in 'A' group.

Bajaj Finserv, a holding company and the financial services arm of the Bajaj group, climbed 2.98% to Rs 653.85. The stock was fifth biggest gainer in 'A' group. The company will unveil Q1 results on 18 July 2013.

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First Published: Jul 10 2013 | 4:21 PM IST

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