Reliance Communications leads gainers in 'A' group

Jammu & Kashmir Bank, Reliance Infrastructure, Adani Ports & Special Economic Zone and Hexaware Technologies are among the other gainers

Reliance Communications jumped 13.49% to Rs 73.20 and topped the gainers in the BSE's 'A' group. The stock surged on reports the company may announce a stake-sake deal with Bahrain Telecommunications Company (Batelco). Reliance Communications is planning to sell 80% stake in subsidiary Reliance Globalcom to a consortium led by Batelco for around Rs 6000 crore, reports added. On 15 March 2013, Reliance Communications 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.

Jammu & Kashmir Bank surged 4.73% to Rs 1154.95 and was second biggest gainer in 'A' group. The stock rose on volume of 15,076 shares, higher than an average daily volume of 6,105 shares in the past two weeks.

Reliance Infrastructure gained 4.64% to Rs 344.25 and was third biggest gainer in 'A' group. The stock rose on volume of 12.41 lakh shares, higher than an average daily volume of 8.50 lakh shares in the past two weeks.

Adani Ports & Special Economic Zone advanced 4.43% to Rs 151 and was the fourth biggest gainer in 'A' group. The stock rose on volume of 2.24 lakh shares, higher than an average daily volume of 1.51 lakh shares in the past two weeks.

Hexaware Technologies rose 4.36% to Rs 95.70 and was the fifth biggest gainer in 'A' group. The company will announce its Q1 March 2013 results on 29 April 2013.

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