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Sunday, Dec 14, 2003

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The stocks that are active

G. Madhan

Coromandel Fertilisers (Rs 149): The stock rose 25.8 per cent after it formalised the acquisition of its farm inputs division of EID Parry during the first week of December.

Eicher Motors (Rs 237): The stock rose 23.8 per cent on plans of merging the automobile division of Eicher with the company.

Snowcem India (Rs 19): The stock fell by 16.1 per cent after the SEBI banned it from accessing the capital market and dealing in securities for two years.

IVRCL Infrastructures (Rs 152): The stock rose 17.6 per cent after it announced private placement to the tune of Rs 100 crore.

G G Automotive Gears (Rs 25): The stock rose 26.1 per cent in the wake of plans to acquire a US-based high precision custom gears manufacturer.

Color Chips (Rs 15): Plans to list the stock in overseas stock exchanges lifted the price of the stock of this animation service provider by 50 per cent.

TTK Prestige (Rs 16): The stock rose 13.6 per cent after it recast its debt portfolio by converting a majority of its borrowings into ECBs and FCNRB loans.

Kale Consultants (Rs 55): The stock rose 12.9 per cent after it bagged an outsourcing contract from Hellas Jet, a European airline.

VXL Instruments (Rs 45): The stock rose 32.9 per cent on likelihood of supplying `Thin Client' devices worth $3 million to France Telecom through its global system integrator, NEC.

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