Financial Daily from THE HINDU group of publications
Friday, Dec 24, 2004
Financial Daily from THE HINDU group of publications Friday, Dec 24, 2004 |
|
|
|
|
|
Markets
-
Stock Markets Columns - Ear to the ground Surya Pharma on funds' buy list
RECENTLY listed pharma company Surya Pharma stock has attracted a lot of buying interest in the last one week. The stock price has risen by over 50 per cent in just a week's time. Dealers said the surge is mainly because the management of the company met several fund managers in the last one week. The talk is that several fund managers too are impressed with the company and placing buy orders for the stock. On Thursday, the stock price of the company gained 20 per cent at Rs 91.50 on the BSE with volume of 6.65 lakh shares and on the NSE it closed at Rs 91, up 20 per cent with volume of 20.31 lakh shares.
Another fund favourite
BISCUIT major Britannia Industries' stock has been moving up over the last few days. The upward movement has been attributed to buying by institutional investors. The market buzz is that several fund houses have told their brokers to keep buying the shares of the company. As the stock is highly illiquid the fund houses are not able to get their desired quantity of shares. The interest is due to the steady growth of the company's business and it has shown constant growth in topline and bottomline among the FMCG sector stocks. On Thursday, the stock price of the company gained 1.09 per cent at Rs 910 on the BSE with volumes of 17,978 shares and on the NSE it closed at Rs 907.85 almost flat over the previous closed with volumes of 7,292 shares.
Agro-chemical cos in focus
CAROL Info Services (formerly Wockhardt Life Sciences), a company engaged in agro-chemicals, stock was locked in 20 per cent upper circuit. The rise in the stock price was attributed to the general interest of market players towards agro-chemicals stocks. Other stocks in this group such as Sabero Organics have also increased. Dealers said the interest in the stock has come from a section of the market players who believe that the company has performed well, but the market has not discounted it. The company, part of Wockhardt group, is also considered positive for the stock. On Thursday, the stock closed at Rs 43.10 on the BSE with volumes of 10.93 lakh shares and on the NSE it closed at Rs 43.10 with volumes of 11.82 lakh shares.
Virendra Verma
More Stories on : Stock Markets | Ear to the ground
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|