Financial Daily from THE HINDU group of publications
Friday, Nov 11, 2005
Financial Daily from THE HINDU group of publications Friday, Nov 11, 2005 |
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Markets
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Stock Markets Columns - Ear to the ground Aegis Logistics betting on prospects
AEGIS Logistics on Thursday raced on the bourses on brightening of its prospects for business expansion. The company has moved ahead in its negotiations with two port authorities for setting terminal and chemical storage and handling facilities. According to management sources, the deals may be wrapped up by the end of the current financial year. The company currently has two such facilities at two Mumbai ports. The stock on Thursday gained 10 per cent at close at Rs 231.50. The traded quantity on the BSE shot up to 2.84 lakh shares against the fortnightly average of 42,762 shares.
Pearl shines on amalgamation move Pearl Global attracted attention of some operators on its proposal to amalgamate to group companies - Pearl Styles and City Estates. According to dealers, merger of both the companies with Pearl Global is expected to increase the balance sheet size and profitability. The counter finished up 4.50 per cent at Rs 79. The traded quantity on the BSE also witnessed a four-fold increase from the two-week average.
Haldyn Glass up on Q2 show Haldyn Glass, a small stock, which witnessed a sharp decline in the last one month, on Thursday moved up 6.38 per cent to close at Rs 60. According to market sources, better second quarter result is apparently behind the renewed attention. In the quarter to September 30, 2005, the company has reported a profit of Rs 1.17 crore against Rs 78 lakh in the corresponding quarter in the previous fiscal. The EPS has also moved up from Rs 1.08 to Rs 2.17. In the last one month, the stock declined by over 25 per cent.
Jayanta Mallick
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