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Suzlon Energy leads gainers in 'A' group

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Capital Market

Gujarat State Petronet, Torrent Power, Pipavav Defence & Offshore Engineering Company and Bhushan Steel are among the other gainers.

Wind turbines maker Suzlon Energy jumped 9.93% to Rs 23.80. The stock topped the gainers in the BSE's 'A' group.

Gujarat State Petronet, which operates natural gas transmission network, galloped 7.71% to Rs 90.85. The stock was second biggest gainer in 'A' group.

Power utility Torrent Power spurted 6.09% to Rs 166.30. The stock was third biggest gainer in 'A' group.

Ship builder Pipavav Defence & Offshore Engineering Company climbed 5% to Rs 47.25. The stock was fourth biggest gainer in 'A' group. Shares of shipbuilding companies rose on reports the government is considering a financial assistance scheme to revive the debt-laden and struggling shipbuilding industry. According to reports, the government is mulling various options, which include lower bank interest rates, infrastructure status to shipyards, a separate fund and also special subsidy to shipbuilders who source raw material and parts locally.

 

Bhushan Steel hit an upper circuit limit of 5% at Rs 122.45. The stock was fifth biggest gainer in 'A' group.

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First Published: Sep 10 2014 | 4:10 PM IST

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