Financial Daily from THE HINDU group of publications
Friday, Aug 27, 2004
Financial Daily from THE HINDU group of publications Friday, Aug 27, 2004 |
||
|
|
||
|
Markets
-
Stock Markets Columns - Ear to the ground Block-deal push Bombay Dyeing
A BLOCK deal of around eight lakh shares at the counter of Bombay Dyeing saw the stock surge by more than eight per cent on the bourses today. According to the market grapevine, the buyer was Reliance Mutual Fund. The deal reportedly took place at Rs 143 levels and there are rumours that GMO Emerging Market Fund was the seller. Brokers said that of late, interest in textile stocks have picked up with the integration of the textile and apparel industry into GATT from January 2005. According to analysts, the company is an attractive play on textile, petrochemicals and property businesses. The stock ended the day at Rs 155.55 on the BSE, up 8.43 per cent with around 4.50 lakh shares traded. On the NSE it ended at Rs 155.65, up 8.35 per cent with around 16.28 lakh shares traded.
Bulk boost IT appeared to be a day for block deals on the bourses, with yet another counter, GlaxoSmithKline Consumer Healthcare, witnessing a block deal of more than 15 lakh shares. The deal occurred at Rs 225 levels, with Capital International being the seller and T Rowe International the buyer. The deal was rumoured to have been brokered by CLSA. The stock ended the day at Rs 237.45, up 8.55 per cent with around 16.13 lakh shares traded on the BSE. On the NSE it ended at Rs 236.20, up 8.17 per cent with around 28,884 shares traded.
One more volume story ANOTHER stock that was trading at circuit today amid large volumes was Aftek Infosys. Word on the street was that Maruti Securities had mopped up a large quantum of shares. The stock ended at Rs 89.95, up 19.53 per cent with around 13.24 lakh shares traded on the BSE. On the NSE it ended at Rs 89.85, up 19.4 per cent with around 27.49 lakh shares traded.
Deeptha Rajkumar
More Stories on : Stock Markets | Ear to the ground
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, 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
|