The Hindu Business Line : Investors turn positive on Satyam Computers

Dealers said the interest in the stock has come due to better results compared to other IT companies such as Infosys and Wipro. Several broking firms have also put a `buy' on the company's stocks after the result. This is due to the company de-risking its business among various clients and this could help the company in future.

Dealers said several FIIs and domestic institutions bought the shares of the company on Friday. It closed at Rs 532.80, up 4.16 per cent, with volumes of 27.86 lakh shares on the BSE; on the NSE, it rose 4.03 per cent at Rs 532.75 with volumes of 71.36 lakh shares.

Re-rating keeps Indraprastha Medical healthy

INDRAPRASTHA Medical, which owns and runs hospital in Delhi under Apollo name, rose sharply on Friday. The stock rose 17.15 per cent at Rs 48.15 on the BSE with volumes of 58.71 lakh shares; on the NSE, it closed at Rs 48.50, up 17.43 per cent, with volumes of 53.20 lakh shares.

Dealers said there has been sudden interest in the stock due to the purchase of around 10 per cent stake in the company by HDFC. Traders said this company has a good growth potentialdue to Apollo Hospital, which has more than 14 per cent stake in Indraprastha Medical. The hospital has been doing a steady business in the capital and traders feel that in the future this company to do well.

Haldyn Glass up on growth prospects

SEVERAL market players are buying Haldyn Glass, a company making glass bottles for cosmetic and beer industry, due to strong growth expected in the current financial year.

Dealers said the company has turned around in the last financial year. It's earning per share (EPS) rose from Rs 0.56 for March 2004 fiscal to Rs 7.2 for March 2005. This was due to the turnaround in the glass industry. Moreover, there was shortage of glass bottles, which resulted in good realisation.

The talk is that the situation for the industry has not changed much and is likely to continue throughout the year. This in turn would result in much better fiscal for the company, dealers said.

On Friday, the stock rose 6.88 per cent at Rs 80.05 on the BSE with volumes of 1.47 lakh shares.

Virendra Verma

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