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Low-priced TMT stocks active

K.S. Badri Narayanan

THE recent stock market rally seemed to have infused fresh confidence into some of the low-priced technology, media and telecommunication (TMT) stocks. Select TMT stocks witnessed heightened activity on Wednesday's trading though price wise they display ed a flat trend. Here are some such stocks.

Top Cassettes: The stock finished flat at Rs 1.05 with huge trading volumes of 7.12 lakh shares as against Tuesday's trading volumes of 3.90 lakh shares. It has been witnessing a consistent rise since October 1 and posted a return of 91 per cent since th en. Top Cassettes hit a 52-week high of Rs 2.60 and a 52-week low of Rs 0.25.

Anco Communications: The stock finished marginally lower at Rs 8.20 (Rs 8.90) with 10,210 shares (26,790 shares) changing hands. The 52-week high/low are Rs 108.25/Rs 5. The stock gained about 37.80 per cent since October 1.

Divine Entertainment: This counter too closed on flat note at Rs 3 (Rs 3.10) while trading volumes stood at 97,075 shares (82,650 shares). The stock, formerly known as Denim Enterprises, has been attracting heightened activity during the last few days. I t's 52-week high/low stood at Rs 74/Rs 2.85. However, the stock posted a negative return of 20 per cent from October 1.

Vision Technologies: Another example of smart trading activity in the last few days. It finished the day slightly higher at Rs 6.85 (Rs 6.60). Trading volumes, however, remained flat at 7,275 shares (7,750 shares). Vision Technologies hit a 52-week hi gh of Rs 183.20 and a low of Rs 3.50.

Sibar Media Entertainments: The stock closed at Rs 0.90 (Rs 0.95) with decreased trading volumes of 44,900 shares (1.11 lakh shares). The scrip has posted a smart return of 80 per cent since October 1. It hit a 52-week high of Rs 11.30 and a 52-week low of Rs 0.40.