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JM Financial, a company into distribution of capital market products, has been in the limelight over the last few days. In the last two trading sessions, the stock price of the company has gained over 30 per cent.

Dealers said the sudden interest in the stock is due to the company's plan to enter into retail stock broking and other retail products. The talk is that the company has strong network and would do well in the retail business.

Dealers said with several big public issues lined up this year, the income of the company is expected to be good.

JM Financial is one of the biggest fundraisers for the IPOs. The talk is that the first half of current fiscal was good due to some of the big IPOs that hit the market.

On Friday, the stock price of the company gained 12.81 per cent at Rs 103 on BSE with volume of 25236 shares.

Up on multiplex expansion plans

THE stock of Gujarat Flurochemicals on Friday was locked in 10 per cent upper circuit. The stock closed at Rs 297.10 on the BSE with volumes of 46,401 shares; on the NSE, it closed at Rs 296.05 with volumes of 26,610 shares.

Dealers said the interest in the stock has come due to one of the company's subsidiaries setting up multiplexes under "INOX" brand in various parts of the country. Multiplexes of the company are already operational in 5 cities.

The talk is that the multiplex business that has started making profit at operational levels is expected to turnaround soon. Several institutional investors have shown interest in the stock as they feel that the company is just getting the valuation of a chemical company and the full valuation of the multiplex business is yet to be discounted.

Jumps on order position

WITH market interest in oil sector back, Shiv-Vani Oil is one such stock that is being bought by select market players.

Dealer said the interest in the stock has come due to good order book of the company.

Shiv-Vani provides oil-drilling equipments to companies that drill oil. With several projects for oil drilling coming up, the company order book position is good even for the next fiscal, dealers said. On Friday, the stock price of the company gained 10.21 per cent at Rs 64.20 on the BSE with volumes of 70,331 shares.

Virendra Verma

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