Financial Daily from THE HINDU group of publications
Sunday, Oct 12, 2003
Financial Daily from THE HINDU group of publications Sunday, Oct 12, 2003 |
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Investment World
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Stock Markets Markets - Commentary Up `n' down the street G. Madhan
UCO Bank (Rs 19): The stock surged 62 per cent after making its debut in the bourses this week, at a 43 per cent premium to its issue price of Rs 12. CESC (Rs 83): The stock of this electricity generation and distribution company surged 59.6 per cent — the highest among the cohort of power stocks that gained during the week. Shipping Corporation (Rs 123): The stock fell by 13 per cent - the highest loser among the swathe of PSU stocks that fell during the week. Mahindra & Mahindra (Rs 291): The stock rose 15.9 per cent after it reported a 48 per cent growth to its vehicle sales, for the month of September 2003. Maruti Udyog (Rs 270): The stock surged 15.2 per cent on market talk that Suzuki, which owns half of the company, is planning to source engines from the company. Tata Motors (Rs 372): The stock appreciated 16.7 per cent after it reported a 49.8 per cent increase in total vehicle sales during the month of September 2003. Bajaj Tempo (Rs 484): The stock rose 22.2 per cent after the company announced its entry into the heavy and medium commercial vehicle segment, in technical collaboration with German Truck and diesel engine technology major MAN. Sterlite Industries (Rs 731): The stock rose 12.4 per cent, on reports that the company has approached the Government to pick up an additional 18 per cent stake in Hindustan Zinc. Tata Chemicals (Rs 113): The stock surged 21 per cent on expectation of good financial earnings numbers. Aztec Software (Rs 29): The stock fell 10.7 per cent, after the company's net profit for the quarter ending September 2003 dropped by 49 per cent, from the corresponding prior period..
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