Financial Daily from THE HINDU group of publications
Tuesday, Jan 08, 2002
Columns - Ear to the ground
DSQ Software on buyers' list
DSQ Software has climbed into the buying list of investors again lately. The company is apparently considering a restructuring of its business. DSQ Software's results, which are expected to be good, will be announced in the next couple of days.
On the back of these factors, the company's scrip moved higher on Monday to close at Rs 62.65, up by 4.77 per cent with 34.25 lakh shares being traded on the BSE. On the NSE, the scrip closed at Rs 62.75, up by 4.32 per cent with 38.79 lakh share traded.
Satyam, AOL in talks for Sify
IT firm Satyam Computers is understood to be in talks with AOL for selling its stake in its group company, Sify Infoway. It is understood that the company is selling its entire stake in the company listed on Nasdaq.
On the back of this positive development, both retail and institutional investors bought into the counter sending the stock surging 10 per cent.
It was also rumoured that the Goverment of Singapore has bought a large quantity from the market on Monday.
Satyam Computers stock closed at Rs 301.05, up by 9.99 per cent with 1.23 crore shares traded on the BSE. On the NSE, the scrip went up by 9.82 per cent to close at Rs 301.90 with 1.89 crore shares being traded.
UB strategic sale price at Rs 225?
THE much-talked sale of 26 per cent stake in the United Breweries is expected soon. The price for the strategic sale of the breweries business of United Breweries is rumoured to be in the region of Rs 225 per share.
On back of these the stock has been touching new 52-week high level. On Monday, the stock went up by 3.73 per cent to close at Rs 189.20 with a volume of 76,499 shares on the BSE and on the NSE, the scrip ended the day at Rs 189.05, up by 3.11 per cent with a volume of 89,422 shares.
Virendra Verma/Aparna Krishnan
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