Reliance Energy surged 4.97% to Rs 1208.15 at 10:22 IST on BSE after the company said the buyback offer of the company, worth Rs 2,000 crore will begin today, 25 March 2008. | ||
Meanwhile, the BSE Sensex was up 492.43 points, or 3.22%, to 15,781.83 on easing credit worries in the US following JP Morgan Chase & Co's improved offer to buy Bear Stearns. The large-cap scrip had underperformed the market over the past one month till 24 March 2008, declining 26.03% compared to the Sensexs fall of 11.87%. It had also underperformed the market in the past one quarter, declining 44.10% compared to Sensexs decline of 22.99%. Reliance Energys net profit rose 50% to Rs 301.60 crore on 1.5% fall in net sales to Rs 1505.49 crore in Q3 December 2007 over Q3 December 2006. |
Monday, March 24, 2008
MARKET BUZZ
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