Financial Daily from THE HINDU group of publications
Saturday, Apr 23, 2005
Financial Daily from THE HINDU group of publications Saturday, Apr 23, 2005 |
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Markets
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Stock Markets Columns - Ear to the ground Balmer Lawrie revamp talk pep-up
According to sources, the Government recently asked the management to prepare a note on the strengths and weaknesses of the company's different divisions to identify the correct options. The Government holds around 62 per cent in Balmer Lawrie through Balmer Lawrie Investments. The Balmer Lawrie stock closed with a gain of around 7 per cent, while the Balmer Lawrie Investments counter improved by over 5 per cent. In both, volume was higher than the last two weeks' average quantity.
Aptech up on retail reward APTECH Ltd is moving up on improvement in its retail IT training business prospects. According to market sources, the real impetus is coming from its China training shop, which is reportedly doing exceedingly well, particularly in terms of margins. The stock on Friday recorded a gain of around 2 per cent with a decent increase in trading volumes. According to sources close to the management, the retail IT training division may remain the growth engine for the company in the coming quarters, largely because of the China factor. In the quarter to March 2005, the retail IT education business segment not only reported a net profit against a substantial loss in the quarter ended December 2004, but indicated a fast catching-up with the profits of the institutional business.
Ingersol Rand jumps on order book THE stock of Ingersoll Rand is showing signs of movement after a lull. On Friday, it progressed by over 5 per cent on the bourses. According to market sources, burgeoning order-book figures again brought the stock into investment focus. It is understood that the company's sales figure would improve substantially as orders have poured in from increased activity in the roads sector. According to an industry analyst, after the UPA took over, there was a slowdown in the East-West and North-South corridor projects. However, the feeder road projects in different states have seen a surge in the last two quarters. National Highway Projects are also showing signs of a new start.
Jayanta Mallick
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