The Hindu Business Line : Watch out for its stock

WATCH dial maker and watch accessories company Kamla Dials has been accumulated by several market players. Dealers said the interest in the counter has come due to the good prospects for the company's products.

The talk is that this year the company has received good orders and this would result in good financial results in the current fiscal.

On Wednesday, the stock price of the company gained 8.97 per cent at Rs 35.85 on the BSE with volumes of 29,869 shares.

Basics stand in good stead

ATLAS Cycle (Haryana) is another small-cap stock that has attracted interest of market players. Dealers said the interest in the stock was due to strong fundamentals of the company.

Good financial performance in the first half of the current fiscal is also attributed to rise in the stock price. Several broking firms catering to retail investors are pushing the stock of Atlas Cycle.

An interesting investment logic for the stock is that its market capitalisation and debt are much lower than its sales. Market cap and debt are valued around Rs 80 crore while its last year sales were at Rs 382 crore.

On Wednesday, the stock gained 5.57 per cent at Rs 158.15 on the BSE with volumes of 1.95 lakh shares; on the NSE, it closed at Rs 158.55, up 7.46 per cent, with volume of 3.16 lakh shares.

Media back in the reckoning

IT was the day of media stocks after a long time. Stock price of most of the media companies gained on Wednesday. Major gainers included Zee Telefilms, Balaji Telefilms, Saregama, Creative Eye, Crest Communication and Sri Adhikari Brothers.

Rise in the media stocks was led by Zee where several rumours are doing the rounds

But the talk in the market was that there was active buying in media stocks by a few big players who feel that these stocks have not participated in the current rally.

Virendra Verma

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