Financial Daily from THE HINDU group of publications
Thursday, Apr 28, 2005
Financial Daily from THE HINDU group of publications Thursday, Apr 28, 2005 |
|
|
|
|
|
Markets
-
Stock Markets Columns - Ear to the ground Amara Raja powered by brokerages
THE stock of Amara Raja Batteries has been getting a lot of attention lately. The stock posted very high volumes of trade on Wednesday. Dealers say that brokerages are favourably positioned towards this stock now as a new mid-cap story in the market. The company has also tied-up with various automobile manufacturers to supply its batteries, branded Amaron, as part of original equipment. The tie-up includes companies such as Ford, General Motors and Tata Motors The stock had recently moved out of the trade-to-trade segment and is now trading under the `B1' category. It closed on Wednesday at Rs 109.75, up by over Rs 4.05, a gain of 3.83 per cent and over 1.36 lakh shares were traded. Overall, the stock gained close to Rs 10 in the last four trading sessions.
Ansal Buildwel buoyed by FDI news THE Government's decision to allow foreign direct investment in the construction sector has boded well for the stock of Ansal Buildwel. The Delhi-based construction company is expected to announce some big projects with tie-ups and funding from international partners. The stock hit its 52-week high on the BSE Indonext on Wednesday. It touched Rs 32 on Wednesday, before closing the day at Rs 30.75. Volumes of the stock were also quite robust with the BSE registering trades of over 1.2 lakh shares. The stock has had a steady run up all month. It has registered gains of 47 per cent in the last month .
Ashok Leyland gets mixed response THE stock of Ashok Leyland has been getting mixed responses. Though institutional investors are selling the stock based on the negative sentiment enveloping the auto sector, retail investors are buying it, according to dealers. The company's board meeting is scheduled for April 28 and retail investors are expecting high dividend, they say. Positive cues about the stock are being taken from the two block deals that were announced by the exchanges on Friday. The stock closed trade marginally lower on Wednesday. It lost 0.15 paise and closed at Rs 22. Over 2.73 lakh shares were traded on the BSE.
Veena Venugopal
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|