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THOUGH the stock of D-Link India has been attracting interest among medium to long-term buyers, it is being dumped by operators.

Dealers say that operators have been pessimistic about the stock for the last several trading sessions, but with the news that Fidelity Investments has taken an exposure, interest among value buyers has increased.

The stock closed marginally lower on Wednesday at Rs 125, registering a loss of 50 paise.

Because of the offloading by operators, the stock has come off in value by close to Rs 5 in the last five trading sessions.

The stock has been moving on average volumes; dealers expect this to take off steadily with long-term money coming in.

Finolex Cables gains on dividend hopes

The stock of Finolex Cables has been buoyed on expectations of sound results and speculation that the company will announce a dividend.

The results announcement is expected to come in on April 15, dealers feel that the company will announce a dividend also on the same day.

The stock gained close to two per cent during Wednesday's trade. It closed on the BSE at Rs 193.50; the stock had touched its 52-week high of Rs 204, a month ago.

Volumes on the stock have leapfrogged in the last two trading sessions, underlining the speculative interest. Over 25 lakh shares were traded on Wednesday on the BSE alone.

Hurdles cleared VSNL?

THE stock of VSNL is poised to take off with news trickling in that a US panel has approved the sale of Tyco's undersea communication cables.

The Committee on Foreign Investment in the US is understood to have told VSNL that it will not launch a full-scale investigation of the company's plans to buy the undersea cables from Tyco International Ltd. The panel has decided that there were no issues of national security to warrant an investigation.

VSNL's agreement also requires that the company take steps to prevent illegal eavesdropping on US customers and to guarantee that foreign governments cannot access classified or sensitive US government information carried over the undersea network.

The stock touched a high of Rs 194 on Wednesday before ending at Rs 191 against Tuesday's closing price of Rs 192.85.

Veena Venugopal

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