Reliance Industries leads gainers in 'A' group

Rural Electrification Corporation, Reliance Capital, Gujarat State Petronet and Wockhardt are among the other gainers.

India's largest private sector company by market capitalisation Reliance Industries (RIL) jumped 5.71% to Rs 785.30 on reports benchmark Singapore gross refining margins (GRM) have strengthened from the 2nd week of July 2012 to average at $8 a barrel from $6.7 a barrel in the quarter ended June 2012. The stock topped the gainers in the BSE's 'A' group.

Meanwhile, RIL announced after market hours today, 6 August 2012, that the Global Reporting Initiative (GRI) has awarded A+ level to RIL's Sustainability Report 2011-12. This is the seventh year in a row RIL has received the highest application level on sustainability reporting. RIL is also the first Indian company to adhere to the GRI 3.1 Oil & Gas Sector Supplement, released in February 2012.

Power finance company Rural Electrification Corporation (REC) rose 5.25% to Rs 206.35. The stock was second biggest gainer in 'A' group.

Shares of power finance companies were in demand today, 6 August 2012, as Power Minister Veerappa Moily last week said reforms in the power sector will continue. Mr. Moily has been assigned the additional charge of the power ministry after Sushilkumar Shinde was appointed as new home minister last week.

Financial services company Reliance Capital rose 4.41% to Rs 350.30. The stock was third biggest gainer in 'A' group. The company will announce Q1 results on 11 August 2012.

Gujarat State Petronet, which operates natural gas transmission network, rose 4.34% to Rs 74.55. The stock was fourth biggest gainer in 'A' group. The company will announce Q1 results on 9 August 2012.

Drug maker Wockhardt rose 4.27% to Rs 1,053.75 after consolidated net profit jumped 94.87% to Rs 377.97 crore on 35.37% growth in income from operations to Rs 1425.82 crore in Q1 June 2012 over Q1 June 2011. The company announced the results during trading hours today, 6 August 2012. The stock was fifth biggest gainer in 'A' group. The stock hit a record high of Rs 1,084.60 in intraday today, 6 August 2012.

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