Financial Daily from THE HINDU group of publications
Thursday, Mar 07, 2002
Financial Daily from THE HINDU group of publications Thursday, Mar 07, 2002 |
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Markets
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Stock Markets Columns - Ear to the ground Steep rise in BILT volumes
PAPER producing major Ballarpur Industries has been on the rise in the last few days. The rumour in the market is that a reshuffle of the top management of the company is on the cards. Analysts feel that the reshuffle is expected to improve the overall operations. On the back of this, the counter witnessed a sharp rise both in price and volume on Wednesday. On the BSE, volumes were 3.75 lakh shares, (up from Tuesday's 13,905 shares). On the NSE, volumes zoomed to 6.26 lakh shares (28,943 shares). BILT closed higher by 13.21 per cent at Rs 47.55 on the BSE and by 13.16 per cent at Rs 47.30 on the NSE.
DCW to be debt-free soon?
THE stock of DCW has seen upward movement in the last few days. On Wednesday also, DCW touched a 52-week high. The rise in the stock price was in anticipation of the company undertaking various measures to become debt-free. Market sources say that the company is close to wrapping up a deal to sell off its Mumbai property for about Rs 30-35 crore. In addition, the company is also contemplating the sale of its soda ash plant. These positive developments influenced the scrip to close higher. DCW closed 14.03 per cent higher at Rs 12.60 on the BSE and 15.25 per cent higher at Rs 12.85 on the NSE. The volumes in the counter have been rising along with the price.
More cos eye Wockhardt Life unit?
TWO more companies are rumoured to be in the fray for Wockhardt's Life Science's IV Fluid division. Market sources say that apart from a US-based pharmaceutical firm, Core Healthcare and Cadila have evinced interest in this division. The scrip went up by 20 per cent to close at Rs 31.80 with 3.96 lakh shares being traded on the BSE. On the NSE, it closed higher by 19.73 per cent at Rs 31.55 with 4.52 lakh shares being traded.
Virendra Verma
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