Financial Daily from THE HINDU group of publications
Sunday, Jul 06, 2003
Financial Daily from THE HINDU group of publications Sunday, Jul 06, 2003 |
|
|
|
|
|
Investment World
-
Stock Markets Markets - Commentary Healthcare stocks surge ahead Suresh Krishnamurthy
Nueland Labs: Nueland Labs was one among the host of mid-cap healthcare stocks that surged during the week. Nueland Labs announced the execution of the first shipment of Ciprofloxacin to one of its largest customer in the US. The stock gained 80 per cent. IVRCL Infrastructure: Amid rumours of a bonus offer, IVRCL Infrastructure gained 53 per cent. IVRCL Infrastructure had decided to raise funds through the GDR route at the end of the previous week. Bongaigaon Refineries: Bongaigaon Refineries notched a gain of about 39 per cent. Though no particular news development appeared to drive the price rise, all the smaller refinery stocks gained in value. Aptech: The news of a re-organisation of the training businesses of Aptech and SSI sent the price of the latter in a tizzy. The stock of Aptech gained nearly 34 per cent. State Bank of Travancore: State Bank of Travancore gained 25 per cent during the week. SBI's CMD had earlier indicated that the operations of the associate banks would be loosely integrated with that of SBI over the next two years. Monsanto India: Monsanto India gained 23 per cent for the week. However, the company denied rumours that a bonus offer was in the offing. Godavari Fertiliser: Godavari Fertiliser rose by 15 per cent as Coromandel Fertiliser offered a price of Rs 124 per share for Andhra Pradesh Government's stake in the company. Simplex Concrete: Simplex Concrete, which gained 18 per cent, joined a few other capital goods company in the week's rally. The company had declared a dividend of 15 per cent. Jindal Vijayanagar: Buoyed by steel price rise, the stock of Jindal Vijayanagar rose 25 per cent. National Fertiliser: Chairman P.S. Grewal's statement that the bid price for the Government's stake in the company will not be as much as the market price affected sentiment in the counter. The stock declined 10 per cent.
Article E-Mail :: Comment :: Syndication
|
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 | Home |
Copyright © 2003, 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
|