The Hindu Business Line : Colgate gains on big player tag

THE talk of Colgate gaining market share vis-à-vis, HLL has seen a sharp jump by more than 200 per cent in terms of volumes in the former over the past five days.

Brokers said that the counter has also witnessed some amount of fund buying. Colgate is now being viewed as a re-rating story.

Analysts maintain that the company is looking at earnings per share of around Rs 11 for FY-05 and Rs 13-14 for FY-06. The volume growth is said to have been on account of Colgate Dental Cream and Colgate Cibaca.

The stock ended the day at Rs 152.40, up 3.81 per cent, with around 1.63 lakh shares traded on the BSE. On the NSE, it ended at Rs 152.40, up 3.60 per cent, with around 2.28 lakh shares traded.

MNC buying buzz props up Choksi Lab

THE counter of pathology lab company Choksi Laboratories Ltd has moved up sharply on the bourses in the recent past.

The stock has in the last three days alone seen a 10.11-per cent jump from around Rs 49.95 levels (BSE) to Rs 55.

Brokers said that rumours of a leading pharma MNC looking at Choksi for outsourcing in clinical trials have been fuelling interest in this counter.

The stock ended the day at Rs 55, up 4.96 per cent, with around 14,692 shares traded on the BSE. The stock is not listed on the NSE.

Eicher Ltd on arbitrage drive

A perception that Eicher Ltd provides an indirect exposure on Eicher Motors has seen the counter appreciate by almost 44 per cent over the last three days from around Rs 57.40 to Rs 82.60 on the bourses.

The Eicher stock saw a 19.97-per cent jump to end at around Rs 82.60 with around 67,428 shares traded on the BSE. On the NSE, the stock ended at Rs 78, up 20 per cent, with around 1.42 lakh shares traded.

Analysts maintain that with the company having transferred its two-wheeler business to Eicher Motors, the realisation of its investment portfolio is perceived to be very high.

Brokers said that the sharp surge in prices of Eicher Ltd is on account of arbitrage.

Deeptha Rajkumar

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