HCL, Patel engg. & Sugar stocks are up

Mumbai -- HCL Technologies Ltd. has surged by 3.8% to Rs 597 after the company posted a total profit of Rs 1364.5mn for the quarter ended June 30, 2006 where as the same was at Rs 852.2mn for the yesteryear quarter ended June 30, 2005. The scrip has touched an intra-day high of Rs 604 and a low of Rs 585 and has recorded volumes of over 99 thousand shares on NSE.

GMR Infrastructure Ltd. made a subdued debut on the local stock exchanges on Monday with the stock falling under the issue price of Rs 210. In the morning trading session, the scrip was quoting at Rs 210.75 after being as high as Rs 219.50 and as low as Rs 205.10. Traded volume on the Bombay Stock Exchange (BSE) stood at 1.65mn shares. The Bangalore-based company that is revamping the Delhi airport had set the issue price of Rs 210 per share.

In the sugar stocks, partial acquisition in Indo Gulf Industries has pushed Balrampur Chini higher. The sugar company has surged higher by 0.8% to Rs 102 after the company decided to acquire 27.5% in Indo Gulf Industries. The scrip has touched an intra-day high of Rs 104 and a low of Rs 100 and has recorded volumes of over 14 lakh shares on NSE

Similarly, Patel Engineering has spurred by 4.6% to Rs 327 after the company secured a power order worth Rs 3.18bn. The scrip has touched an intra-day high of Rs 328 and a low of Rs 314 and has recorded volumes of over 53 thousand shares on NSE.