Financial Daily from THE HINDU group of publications
Sunday, Jul 27, 2003
Financial Daily from THE HINDU group of publications Sunday, Jul 27, 2003 |
|
|
|
|
|
Investment World
-
Stock Markets Markets - Commentary Avon Organics up on monsoon hopes Nath Balakrishnan
Avon Organics (Rs 59): The company, which is involved in the manufacture of ingredients used in of pesticides, saw its stock price receive a boost in the anticipation of good monsoons. The stock put on in excess of 30 per cent over the week. Neuland Laboratories (Rs 127): The stock of the Hyderabad-based bulk drug manufacturer continued its good run and spurted by about 30 per cent. Relaxation of laws in the US to facilitate faster entry of generic drugs into the market has had a beneficial impact on bulk manufacturers as well. ING Vysya Bank (Rs 369): An impressive performance for the April-June quarter was one of the key drivers for the surge in the stock price, which gained 21 per cent. Speculation that the promoters were increasing their holdings in the bank could have also played a role in the spike in the stock price. GE Shipping (Rs 55): The company declared impressive results for the recently ended quarter, with net profits having witnessed a more than two-fold jump. Encouraging freight trends augur well for the company's prospects. The stock put on close to 20 per cent. Bharti Tele (Rs 47): A good financial performance over the recent quarter and a rapidly growing market for mobile telephony led to the stock catching investors' attention. The scrip climb by over 13 per cent. Hindustan Lever (Rs 170): After having suffered a reverse in the previous week, the stock came back into the reckoning with a bang over the just-ended trading week. While an attractive price could have been one driver of purchase, hopes that a good monsoon would have a salutary effect on rural demand could have also played a role in the stock's rise of about 12 per cent. United Phosphorus (Rs 288): The stock put on about 10 per cent, largely on the back of hopes of a better-than-normal monsoon would provide a fillip to its crop protection products business.
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
|