The Hindu Business Line : Ind Swift Lab finds good health on order talk

RUMOURS of the company being close to inking a large contract manufacturing deal with a leading global generic player saw the counter of Ind-Swift Laboratories touch a 52-week high on the bourses on Monday.

According to the market grapevine, the deal size has been pegged around Rs 250 crore.

The company had early this month announced signing a $3-$5 million contract research deal with two European companies.

Ind Swift Labarotories is largely into bulk drugs and advance intermediates.

The stock ended at Rs 135.05, up 4.97 per cent, with around 29.12 lakh shares traded on the BSE. On the NSE, it ended at Rs 135.05, up 5.02 per cent, with around 23.34 lakh shares traded.

Atlas Copco back in the reckoning?

THE stock of Atlas Copco (India) ruled firm in an otherwise depressed market.

The talk of an open offer had seen the counter gather strength and touch a high of Rs 648-Rs 649, in the recent past (Oct 8). The stock has since then come off its high on market buzz of a delay in the said event.

However, strong fundamentals continue to sustain interest in this counter.

Analysts maintain that the recent business acquisition from Ingersoll-Rand, could contribute up to Rs 160 crore for the calendar year 2005, which is expected to impact the company's topline significantly.

There is also expectation of the company receiving a huge order from Coal India.

The only concern at this counter appears to be the poor liquidity. Promoter holding in the stock currently stands at around 83.77 per cent.

The stock ended the day at Rs 622, up 0.94 per cent, with around 3794 shares traded on the BSE. The stock touched an intra-day high of Rs 635 on the BSE today.

Number hopes linger on Revathi Equipments

WHILE the stock of the Renaissance Group company Revathi Equipments may have ended the day marginally weak in tandem with depressed market sentiment, expectations of the company posting good numbers continue to rule high.

Analysts maintain that given the robust industrial and mining outlook, there is a possibility that the company could reward its shareholders with a bonus and dividend for the full year.

The company is expected to launch new products/equipment for the construction business shortly. The stock ended the day at Rs 305.35, down 1.12 per cent, with around 10,332 shares traded on the BSE.

Deeptha Rajkumar

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