India's second biggest realty firm by market capitalisation Unitech soared 16.14% to Rs 44.25, extending gains for the second day in a row, on reports it plan to invest Rs 2500 crore in affordable housing projects. It topped the gainers in BSE's A group shares. The stock is up 91.55% from a recent low of Rs 23.10 on 28 November 2008.
EIH, which operates Oberoi Hotels, spurted 13.29% to Rs 135.10, on reports its Mumbai hotel is flooded with requests for reservations at the restaurant when it reopens on 21 December 2008, almost a month after the terrorist attacks destroyed significant portions of the building. It was the second biggest gainer in A group.
Construction company Gammon India flared up 12.43% to Rs 72.35. It was the third biggest gainer in A group.
India's largest listed airliner by market capitalisation Jet Airways moved up 11.92% to Rs 186.80, on its move to lease five aircrafts. It was the fourth biggest gainer in A group. Another trigger for the rally in the counter was the recent cut in jet fuel prices announced by state-run oil firms. Jet fuel makes up almost half of an airline's operating costs.
Engineering firm BGR Energy Systems rose 11.77% to Rs 155.30 after the company secured credit lines worth Rs 2105 crore to fund its working capital requirements for a power project at Tamil Nadu. It was the fifth biggest gainer in A group.
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