Financial Daily from THE HINDU group of publications
Sunday, Sep 15, 2002

Investment World
Features
Stocks
Port Info
Archives

Group Sites

Investment World - Commentary
Markets - Commentary


Tech stocks in focus

Sowmya Krishnan

HEXAWARE Technologies: The tech company that got listed recently has been on an uptrend ever since it bagged a huge order. During the week, the stock jumped 33.33 per cent to trade at 99.80. The surge was accompanied by a sharp jump in volumes.

Wipro: This top-rung technology stock perked up by over 8 per cent to Rs 1,310.10 during the week. Most technology stocks witnessed hectic action during the week due to the effect of the tech-laced Nasdaq. In addition, market rumours that the company has bagged a large order from an American multinational also added fuel to the stock. Few other technology stocks that were upbeat during the week include Mascon Global, Infosys Technologies, Aftek Infosystems and Polaris Software.

Gujarat Ambuja & ACC: Cements stocks were on an uptrend for the week on the back of news that major cement manufacturers would hike cement prices again. Gujarat Ambuja gained 5.33 per cent to Rs 174.90 while ACC was up 4.85 per cent to settle down at Rs 144.90.

Blue Dart Express: The stock buzzed with activity during the week. It shot up by 24.58 per cent to close at Rs 77.80. Traded volumes jumped manifold from just a few thousands shares to over 1.5 lakh shares.

LML: The stock has been upbeat for quite some time now. The launch of its new executive class motorbike `Freedom' appears to have triggered investor interest in the stock. The stock moved north during the week gaining 13 per cent to Rs 40.40. The spurt in share price was accompanied by huge increase in traded volumes.

Trent: The retailing company gained around 8.25 per cent. The stock last traded at Rs 168.55. The stock has jumped two-fold in a span of one year and has been quite active on the bourses for the last couple of months.

PSU Meltdown: The delay in the Government's disinvestment programme battered down the share prices of two oil marketing PSU's BPCL and HPCL during the week. HPCL slumped 24 per cent to Rs 205.40 and BPCL fell Rs 18.86 per cent to Rs 206.10. The effect trickled down across most other PSU stocks. Neyveli Lignite, Container Corporation and Balmer Lawri lost in excess of 10 per cent during the week. Other PSU losers include BHEL, ONGC, Bharat Electricals and Nalco.

Arvind mills: Arvind Mills was actively traded this week. The stock perked up 10 per cent to close at Rs 23.55. Traded volumes jumped manifold from around 74 thousand to over 10 lakh shares. The stock price of the denim major could be up on expectations of good future prospects.

Send this article to Friends by E-Mail

Stories in this Section
Watches: Time to tap the potential


Watch out for competition
No titans here
`Imports, no threat for us'
World time slow too
Hughes Tele.com — Accept
Templeton MIP (Growth): Hold/Avoid fresh exposures
A spate of new offers
Canpremium: Book profits
Franklin Balanced Funds: Contrasting approaches
Expense ratio cuts
Birla Index Fund: Unattractive
The USPs of PSUs
Bata: Hold/Avoid fresh exposures
Swaraj Mazda: Hold
Dabur India: Buy
SSI: Hold/Avoid fresh exposures
Floatglass India: Buy
MICO: Good long-term bet
MF incomes and redemption flows
Term assurance policies — Roof over your risks
LIC bonus announcements
Sheen off disinvestment — But family silver still glows
Changing face of tax savings
In-the-money options — When should you exercise them?
Markets end the week on subdued note
Option value vs option price
Options guide
Futures guide
FIIs go bearish
Tax-free bonds: An extra option
Balaji Auto Finance: Racing ahead
`Growth at a reasonable price, our strategy' — Mr Prashant Jain, Chief Investment Officer, Zurich India.
Nasdaq: Persistent weakness
Positive outlook for M&M
Infosys may decline further
Tech stocks in focus
PSU counters suffer steep fall
US 64: Psyching investors?
It Adds Up!


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright © 2002, 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