Financial Daily from THE HINDU group of publications
Sunday, Aug 17, 2003
Financial Daily from THE HINDU group of publications Sunday, Aug 17, 2003 |
|
|
|
|
|
Investment World
-
Stock Markets Markets - Commentary Hardening steel prices jack up Jindal Vijayanagar G. Madhan
Jindal Vijayanagar (Rs 21): The stock price of this steel manufacturer rose by 75.4 per on expectations of improved demand and firm trend in steel product prices. Hindustan Motors (Rs 18): On the back of the market rumours that the company is planning to sell a part of its stake to a global auto giant, the stock price of the maker of Ambassador rose by 13.7 per cent. Premier Auto (Rs 12): This auto stock also appreciated just over 100 per cent this week. However, there is no specific reason behind this rally. IFCI (Rs 14): The stock price of this state-owned financial institution surged on hopes that a package for restructuring it would be announced soon. This has to be seen on the back of clearance given by the Union Government to convert the financial institution IDBI to a bank. Digital GlobalSoft (Rs 440): The stock price of Digital GlobalSoft fell 8 per cent, despite the announcement made by the company that there was no flow of inside information, which allegedly helped Mr Samir Arora to exit the stock ahead of the crash in its price. Earlier, SEBI debarred Mr Samir Arora, Chief Investment Officer of Alliance Capital Mutual Fund, on charges of insider trading. GE Shipping (Rs 70): The stock price of this shipping service provider moved up 13.6 per cent on the back of increase in the shipping freight charges. Titan Industries (Rs 77): This watchmaker witnessed 11.8 per cent appreciation to its stock prices on the possibility of gains from the company's gold inventory due to the rise in the gold price over the last one month. Hindustan Lever (Rs 178): This FMCG major gained 5.7 per cent on rumours of parent Unilever identifying India as its outsourcing hub. Mangalore Refinery rose 18.6 per cent this week. This has to be seen in light of expectations that the company's soft launch of petrol pumps in Bangalore is a precursor to an aggressive launch of petrol pumps in the future.
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
|