Jaypee Infratech leads gainers in 'A' group

Infrastructure company Jaypee Infratech surged 16.98% to Rs 24.80 on bargain hunting after recent losses. The stock topped the gainers in the BSE's 'A' group.

Shares of Jaypee Infratech had underperformed the market over the past one month till 28 June 2013, sliding 46.60% compared with the Sensex's 3.79% fall. The scrip had also underperformed the market in past one quarter, falling 46.40% as against Sensex's 2.97% rise.

Beer maker United Breweries spurted 14.06% to Rs 824.20. The stock was second biggest gainer in 'A' group.

Liquor maker United Spirits galloped 13.33% to Rs 2460.35 after Morgan Stanley Asia (Singapore) Pte bought 10.80 lakh shares, or 0.74% stake of the company at Rs 2118.23 per share on NSE on Friday, 28 June 2013. The stock was third biggest gainer in 'A' group.

Morgan Stanley Asia (Singapore) Pte acquired the shares through a bulk deal on NSE on Friday, 28 June 2013. As on 31 March 2013, Morgan Stanley Asia (Singapore) Pte held 40.84 lakh shares, or 3.12% stake in United Spirits.

Telecommunications company Tata Communications jumped 13.11% to Rs 177.75. The stock was fourth biggest gainer in 'A' group.

Tata Communications announced during trading hours on Thursday, 27 June 2013, that its wholly-owned subsidiary, Tata Communications Payment Solutions (TCPSL), unveiled Indicash - India's first-ever network of white label automated teller machines (ATMs). In line with the Reserve Bank of India's (RBI) vision to accelerate growth and increase ATM penetration across the country, the first Indicash ATM was inaugurated on 27 June 2013 at Chandrapada, a rural village in Thane district, Maharashtra.

Anil Dhirubhai Ambani-controlled Reliance Communications (RCom) climbed 12.19% to Rs 132.50 after the company said it has made full repayment of two loans amounting to $1 billion during the quarter ended 30 June 2013. The announcement was made during trading hours today, 1 July 2013. The stock was fifth biggest gainer in 'A' group.

RCom announced it has completed full repayment of two syndicated ECB loan facilities of $500 million each, aggregating $1 billion, during the quarter ended 30 June 2013. These loans were availed in the year 2007 from a group of international banks. In addition, RCom has made scheduled repayments of another $207 million (Rs 1200 crore) in respect of other foreign currency loans, on the respective due dates during the quarter ended 30 June, 2013. The repayments have been from RCom's rupee resources. RCom said its foreign currency debt is steadily declining every year, and the interest outgo on such debt is fully covered by dollar denominated earnings from the Reliance Globalcom business.

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