The Hindu Business Line : Zips ahead on new products

FLEX Industries, a company engaged in manufacturing flexible packaging products, stock has been accumulated by several market players. On Monday also, the counter saw purchases from these players.

Dealers said the buying in the stock is due to new products the company has recently launched. The company has launched zip-lock pouches targeted at households and would be sold through the retail outlets. Even though the market response to the product is not known, market players are optimistic as for the first time Flex has come directly in touch with the retail consumers. These packs can be used for storing vegetables, food items and other household uses.

Till now, it was only making packing materials for FMCG and other companies.

The talk is that the zip-lock pouch has no competitor in India and other players are currently importing it.

On Monday, the stock price of the company gained 4.01 per cent at Rs 47.95 on BSE with volume of 1.57 lakh shares and on NSE it closed at Rs 47.95, up 3.90 per cent with volume of 4.07 lakh shares.

Shines on housing boom

WITH boom in housing industry, a stock that is being closely accumulated is Kajaria Ceramics. The company is market leader in ceramic tiles and other ceramic items used in home.

The talk is that the company has tied-up with various builders across the country for its ceramic products. It has also got some export orders. However, the exact quantum of orders was not known.

But dealers said the impact of big orders for the company would be seen in the next few quarters' financial performance.

On Monday, the stock price of the company gained 6.58 per cent at Rs 111 on BSE with volumes of 3.40 lakh shares; on the NSE, it closed at Rs 110.55, up 6.20 per cent, with volumes of 5.11 lakh shares.

Future hopes shore up

DESPITE the shares of the company being offered at Rs 25 through the primary market route, several institutional and retail investors have been buying the shares of telecom and BPO company Spanco Tele System in the secondary market.

The public issue of the company closed on Monday. Dealers said the huge growth prospect the company has is bringing interest of market players in the stock. The talk is that company's growth is expected very fast in the next couple of years and market players are investing in the stock on this hope.

On Monday, the stock gained 9.36 per cent at Rs 52.60 on BSE with volume of 6.43 lakh shares.

Virendra Verma