Gitanjali Gems, Apollo Tyres, CRISIL and Century Textiles & Industries are among the other gainers.
Organised retailer Future Retail jumped 7.10% to Rs 77.65. The stock topped the gainers in the BSE's 'A' group.
Shares of organised retailers were in demand after media reports suggested that the Foreign Investment Promotion Board on Monday, 30 December 2013, approved UK-based Tesco Plc's proposal to enter the Indian multi-brand retail segment in joint venture with Tata Group company with an initial investment of $110 million. After the approval, Tesco will pick up a 50% stake in Trent Hypermarket (THL), a wholly-owned subsidiary of Trent, a Tata group company.
Jewellery retailer Gitanjali Gems galloped 6.03% to Rs 72.05. The stock was second biggest gainer in 'A' group.
Apollo Tyres spurted 5.77% to Rs 107.15 after US-based Cooper Tire & Rubber Company terminated the merger agreement with the Indian company on Monday, 30 December 2013. The stock was third biggest gainer in 'A' group.
Apollo Tyres on Monday, 30 December 2013, issued a press statement in response to Cooper Tire & Rubber Company's decision to terminate merger agreement with Apollo Tyres. The company said that the management is disappointed as Cooper has prematurely attempted to terminate the merger agreement. While Cooper's lack of control over its largest Chinese subsidiary -- Cooper Chengshan Tire Company -- and its inability to meet its legal and contractual financial reporting obligations has considerably complicated the situation, Apollo has made exhaustive efforts to find a sensible way forward over the past several months, Apollo Tyres said. However, Cooper has been unwilling to work constructively to complete a transaction that would have created value for both the companies and their shareholders, Apollo Tyres said. Cooper's actions leave Apollo no choice but to pursue legal remedies for Cooper's detrimental conduct, Apollo Tyres said.
"Importantly, Apollo has many other compelling growth opportunities around the world that we are continuing to pursue. Our business is performing well, as evidenced by the strong top line and bottom line results we reported last quarter and we remain focused on executing our standalone strategic plan to maximum value for Apollo's shareholders. We are confident that Apollo is well positioned for continued success", Apollo Tyres said.
Credit rating agency CRISIL climbed 5.52% to Rs 1,207.10. The stock was fourth biggest gainer in 'A' group.
Century Textiles & Industries rose 5.39% to Rs 313.60. The stock was fifth biggest gainer in 'A' group.
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