The Hindu Business Line : Bhartiya International up on order talk

Dealers said the interest was on account of an export order bagged by the company from some big retail chains. Bhartiya International is a leading player in leather garments and supply to leading fashion brands.

Dealers said this time the company might bag orders from a US-based retailer. But the exact order size is not known. Company officials were not available for comments on the order status.

On Wednesday, the stock price gained 16.37 per cent at Rs 54.75 on the BSE with a volume of 3.35 lakh shares and on the NSE it closed at Rs 54.65, up 15.91 per cent with a volume of 6.01 lakh shares.

Auto stocks shine on active buying

AUTO companies' shares are again back on the buy list of select institutional investors.

Some of the stocks that are on the buy list include Maruti Udyog, Hero Honda, Tata Motors, Bajaj Auto and Mahindra & Mahindra. The talk is that this sector is expected to show growth despite rise in international oil prices. These companies would continue to show growth of more than 15 per cent. Moreover, there are talks that prices of steel might come down in the next few months, which would favour auto companies.

A few weeks ago, auto stocks had taken a beating on fears that the companies in this sector may not be able to maintain their profit margins due to rising input costs and increased competition.

But now this view has changed, with active buying in these stocks on Wednesday. Maruti closed at Rs 429.15 up 3.89 per cent on the BSE, Hero Honda at Rs 515 up 5.77 per cent, Tata Motors up 4 per cent at Rs 433.25, Bajaj Auto up 2.04 per cent at Rs 1081.65 and Mahindra & Mahindra up 2.14 per cent at Rs 459.70.

Virendra Verma

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Volatile movement

Supreme Petro at 52-week high

Bhartiya International up on order talk

Outlook positive for Infy, Wipro, TCS

Sensex recovers lost ground