The Hindu Business Line : Mood upbeat in fertiliser

Mid-cap pharma stocks continued to exhibit firm trends. Divi's Labs and Matrix Laboratories were star performers. Among small-cap pharma stocks, Fulford India and Bal Pharma stood out.

Fertiliser stocks across the board were upbeat on the expectations that good monsoons would improve future prospects. GNFC and Gujarat State Fertiliser were major gainers.

Stocks of PSU Fertiliser stocks, in particular, stocks of companies lined up for divestment such as Rashtriya Chemicals and National Chemicals, gained momentum after the completion of due diligence process for Madras Fertilisers.

IT stocks across the board were in the limelight. E-serve International and Hexaware Technologies were bright spots. i-flex Solutions has settled at a much higher valuation, post its bonus issue.

Among FMCG companies, Marico Industries and Godrej Consumer were on a steady uptrend. Index stocks such as ITC and HLL witnessed a 10 per cent spurt in the past 5-6 trading sessions.

Textile counters such as Vardhaman Spinning, Arvind Mills, Pantaloon, Mahaveer Spinning and Jindal Polyster picked up interest last week.

Across sectors, active buying picked up in a few stocks such as ELGI Equipments, Opto Circuits, Pantaloon, Kopran, SRF, Videocon International, Bharat Forge, Bharat Electronics, Shipping Corporation and D-Link. ELGI Equipments witnessed a sharp spurt in the last couple of trading sessions.

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