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FTIL leads gainers in 'A' group

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Capital Market

Tata Power, Adani Power, Thermax and MphasiS are among the other gainers.

Financial software maker Financial Technologies (India) (FTIL) jumped 4.98% to Rs 295.95 after net profit rose 27.61% to Rs 34.48 crore on 10.98% decline in net sales to Rs 79.97 crore in Q3 December 2013 over Q2 September 2013. The result was announced after market hours on Friday, 14 February 2014. The stock topped the gainers in the BSE's 'A' group.

Integrated power company Tata Power galloped 4.81% to Rs 77.40. The stock was second biggest gainer in 'A' group.

Shares of select power companies rose after Arvind Kejriwal resigned as chief minister of Delhi on Friday, 14 February 2014, as the Jan Lokpal Bill was not allowed to be tabled in the assembly amid strong protests from Congress and BJP.

 

Arvind Kejriwal was elected in part on a promise of lowering electricity tariffs for millions of Delhi's voters and in December 2013 had asked the state auditor to look into the accounts of power distribution companies to see if they were profiteering.

The Delhi government had asked the region's power regulator to revoke the licences of two electricity distributors if they fail to supply power, drawing criticism from the companies.

Thermal power producer Adani Power spurted 3.95% to Rs 34.20. The stock was third biggest gainer in 'A' group.

Energy and environment solutions provider Thermax climbed 3.83% to Rs 646.70. The stock was fourth biggest gainer in 'A' group.

IT company MphasiS rose 3.62% to Rs 399.35. The stock was fifth biggest gainer in 'A' group.

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First Published: Feb 17 2014 | 4:20 PM IST

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