![]() Financial Daily from THE HINDU group of publications Sunday, Sep 15, 2002 |
|
|
|
|
|
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 |
|
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
|