The Hindu Business Line : Shiv-Vani Universal benefits from oil sector boom

SHIV-Vani Universal, a company engaged in the business of oil-exploration related activities, is attracting lot of market interest despite the stock being moved to trade-to-trade segment.

Dealers said with rising international crude prices and the pick up in drilling activity, companies such as Shiv Vani are likely to benefit The talk is that the company is providing oil drilling fleets to companies such as ONGC. Till now, the company was providing its services only for on-shore activity, but now it is focusing on offshore activities also. The talk is that in the current and next fiscals, the company is expected to show sharp growth and this is leading to interest of market players in the stock.

On Friday, the stock price of the company gained 10 per cent at Rs 90.25 on the BSE, with volumes of 78,306 shares.

Nucleus Software: Big investor behind the scene

Another mid-cap stock, which is attracting buying interest is mid-sized IT company is Nucleus Software.

In the last one week, the stock gained 50 per cent. On Friday, Nucleus Software gained 3.74 per cent at Rs 122.10 on the BSE with volumes of 1.26 lakh shares; on the NSE, it closed at Rs 121.05, up 1.3 per cent, with volumes of 5.24 lakh shares.

Market talk is that the rise in the stock price is due to a leading market player, who has tendency of taking large stakes in companies, has bought large quantity of Nucleus Software stock. Dealers said the company is providing its software to various banks and has created a niche for its products and this has attracted the interest of this big investor.

Funds' interest seen in UTI Bank

UTI Bank is being recommended by various large broking houses. Dealers said several institutional investors - both domestic and foreign - are actively purchasing the shares.

The buying in the shares is mainly on the good growth by the company on retail front. Moreover, the installation of ATMs in major cities and it being one of the few players having large ATM network are expected to bring huge growth for the bank in the next few quarters. The talk is that accumulation in the stock is also ahead of the company's fourth quarter results, which are expected to show robust growth over the previous quarters.

On Friday, the stock price of the company gained 7.46 per cent at Rs 156.95 on the BSE with volumes of 4.20 lakh shares; on the NSE, it closed at Rs 156.10, up 6.84 per cent, with volumes of 8.20 lakh shares.

Virendra Verma

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