The Hindu Business Line : Adlabs up on institutional interest

Dealers said there has been increased interest from the investors after the company made a preferential issue to two FIIs at Rs 150 a share recently. The talk is that after the issue, several broking houses have received buy orders from the institutional clients. The major factor for the interest is that the company's large-scale foray into multiplex business. The company has been doing well in this business and this segment has become equal to the size of its film processing business.

In future, the multiplex business is likely to increase further, dealers said. A digital film production project along with another listed media company Mukta Arts is also in the pipeline and once this project clicks, the business of the company would grow substantially.

On Monday, the stock closed at Rs 186.80, up 5.33 per cent on the BSE with volumes of 1.71 lakh shares; on the NSE, it closed at Rs 188.40, up 5.43 per cent, with volumes of 3.80 lakh shares.

Cranes Soft gains on bonus, stock-split hopes

THE Cranes Software stock has been attracting a lot of buying in the last one week. The stock has gained 25 per cent during this period. It closed at Rs 603.35, up 8.31 per cent, on the BSE with volumes of 59,341 shares; on the NSE, it closed at Rs 602.40, up 10 per cent, with volumes of 18,563 shares.

Dealers said the interest in the stock is on talk that the company would announce a bonus or stock-split. However, company officials were not available for comments. The talk is that the company has been doing well over the last few years and there has also been demand from the shareholders for bonus issue. The stock-split talk is coming due to low liquidity - the major reason for lack of institutional investors' interest in the stock.

Mid-, small-caps suffer

IT was another day when mid- and small-cap stocks took a severe beating. This was seen from the fall in BSE Mid-cap index by 0.3 per cent and small-cap index by 0.44 per cent; NSE's CNX Mid-cap index was down 0.34 per cent. In comparison, the BSE Sensex and the NSE's Nifty closed marginally higher. Dealers said there was profit-taking in most of the stocks in this category. Moreover, several market players have become cautious after the rise in the stock and feel that their valuations are over-stretched compared to large-cap stocks.

Virendra Verma

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