Financial Daily from THE HINDU group of publications
Sunday, Aug 10, 2003
Financial Daily from THE HINDU group of publications Sunday, Aug 10, 2003 |
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Investment World
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Stock Markets Markets - Commentary D-Link India gains over 26 pc on good numbers G. Madhan
BHEL (Rs 294): BHEL gained 11.5 per cent on talk that it might bag an order from NTPC. Orders secured this week from Tata Power and Hindustan Zinc also appear to have aided the rally. JB Chemicals & Pharma (Rs 234): JB Chemicals has tied up with the UK-based White Chemicals to foray into the European generic market. It is also in the process of seeking approvals for its products with the UK Medicine Control Agency. The stock price rose 9.6 per cent. D-Link India (Rs 82): On the back of 18 per cent growth in net profits in the recently concluded quarter, the stock price of D-Link India surged 26.3 per cent. TVS Finance (Rs 25): The stock price of TVS Finance more than doubled over the trading week, though trading volumes continued to be modest. However, the reasons for the appreciation in price remained unknown. Hindalco (Rs 860): Earlier this week, the company announced that it has increased its prices of aluminium products across all categories between Rs 500 and Rs 1,000 per tonne. The stock was up 6 per cent. Hindustan Motors (Rs 16): The company announced that it intends to launch two variants of its flagship model, the Ambassador. Coupled with robust trade volumes, the stock price surged by 18.6 per cent. Apollo Hospitals (Rs 152): Apollo Hospitals plans an overseas listing and has appointed Deloitte Haskins and Sells to fine tune its accounts to comply with the US listing norms. The stock rose 6.5 per cent. Madras Cements (Rs 6,218): The stock price of Madras Cements surged 10.3 per cent on the back of robust economic growth prospects and strong financial performance (87 per cent growth in net profits) in the recently concluded quarter. Close on the heels of the announcement that it has increased prices of its products by Rs 500-Rs 700 per tonne, the price of the steel major registered a jump of about 16 per cent.<137>
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