Future Retail leads gainers in 'A' group

Reliance Communications, Indiabulls Real Estate, CESC and Oriental Bank of Commerce are among the other gainers.

Future Retail spurted 8.71% to Rs 160.30 and topped the gainers in the BSE's 'A' group. The stock rose on volume of 35.49 lakh shares, higher than an average daily volume of 7.36 lakh shares in the past two weeks.

Reliance Communications (RCom) galloped 6.53% to Rs 83.15 and was second biggest gainer in 'A' group. Recent reports indicated that RCom is planning to sell 80% stake in subsidiary Reliance Globalcom to a consortium led by Bahrain Telecommunications Company (Batelco) for around Rs 6000 crore to reduce its hefty debt. Started in 1990 as Flag Telecom, Reliance Globalcom is a global managed network and communication service provider to carriers, ISPs and Multinational enterprises.

On 15 March 2013, RCom had confirmed being in discussions with Batelco Group with respect to Reliance Globalcom. However, it had added that there can be no certainty that this will lead to a transaction and said that a further announcement would be made in due course if appropriate.

Indiabulls Real Estate jumped 6.01% to Rs 59.10. The stock was third biggest gainer in 'A' group.

CESC surged 5.93% to Rs 290.25 and was fourth biggest gainer in 'A' group. The stock rose on volume of 26,553 shares, higher than an average daily volume of 8,852 shares in the past two weeks.

Oriental Bank of Commerce rose 5.63% to Rs 259.95 and was fifth biggest gainer in 'A' group. The stock rose on volume of 1.01 lakh shares, higher than an average daily volume of 68,000 shares in the past two weeks

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