Wockhardt leads gainers in 'A' group

ABB, Jaiprakash Power Ventures, GlaxoSmithkline Consumer Healthcare and Tata Motors are among the other gainers.

Pharmaceutical company Wockhardt hit an upper circuit limit of 20% at Rs 616.50, extending Friday's 10.87% jump triggered by stock exchanges revising circuit filter on the stock from 5% to 20% with effect from Friday, 6 September 2013. The stock topped the gainers in the BSE's 'A' group.

Wockhardt shares jumped 10.87% to Rs 513.75 on Friday, 6 September 2013. The stock rose 33.04% in two trading sessions from Rs 463.40 on 5 September 2013.

Engineering company ABB spurted 17.43% to Rs 560. The stock was second biggest gainer in 'A' group.

Power generation firm Jaiprakash Power Ventures galloped 11.94% to Rs 16.13. The stock was third biggest gainer in 'A' group.

According to a media report, Jaiprakash Power Ventures is in advance negotiations with Abu Dhabi government's flagship public utility holding company Abu Dhabi Water & Electric Authority (ADWEA) and its underlying operating companies to sell the 300 megawatts (MW) Baspa II and the 1000 MW Karcham Wangtoo project on the Sutlej river for around Rs 12000 - Rs 13000 crore. The total project cost for the two is close to Rs 8900 crore, which includes Rs 2600 crore equity, report added. The technical and financial diligence is in final stages and a formal agreement is expected soon, the report added.

GlaxoSmithkline Consumer Healthcare, known for its malted food drinks brand Horlicks, jumped 11.78% to Rs 4818.20. The stock was fourth biggest gainer in 'A' group.

Commercial vehicles major Tata Motors climbed 9.88% to Rs 349.20 after striking a record high of Rs 352 in intraday trade today, 10 September 2013. The stock was fifth biggest gainer in 'A' group.

The company's unit Jaguar Land Rover (JLR) today, 10 September 2013, reported 28% rise in sales in August 2013 over August 2012 to 27,852 vehicles, also its best ever August sales performance. During the first eight months of the year, JLR sales rose 16% to 269,653 vehicles over the previous corresponding year ago period.

Commenting on the August performance Phil Popham, Jaguar Land Rover Group Sales Operations Director said: "August has proven to be another incredibly strong month for Jaguar Land Rover with sales growth from both our established and new model lines. The Jaguar XJ and XF, the Range Rover Evoque and the Land Rover Freelander are up significantly whilst the new Range Rover and F-TYPE continue to attract new buyers to our brands. This is further evidence that we are offering customers our most accomplished product line up to date."

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