• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• The Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

THE market buzz regarding Pearl Global is around its retail plan, which is in the making for some time. The market expects its retail plan may be announced in the near future. However, no official confirmation was available.

The stock on Wednesday moved up by around 5 per cent to close at Rs 80.25.

The readymade garments and textiles exporter is understood to be moving ahead with acquiring and booking spaces in the northern region. The Gurgaon-based company has already built up linkages through Indian Retail School, a group outfit.

Other two domestic forays - Pearl Academy of Fashion Industry and Images Multimedia - are also geared toward helping it in its retail endeavour.

Betting on new developments

ACTIVITY in Essar Shipping and Mercator Lines counter suddenly shot up on Wednesday. Essar counter saw traded quantity of 10.5 lakh shares against the fortnightly BSE average of 2.53 lakh shares. It finished with a four per cent appreciation in its price at Rs 30.35 on the BSE.

The Re 1-face valued Mercator Lines, on the other hand, recorded traded volumes of 23.59 lakh shares with a gain of 12 per cent to close at Rs 138.55.

According to dealers, the market was expecting major corporate development from these two. For Essar Shipping, the possibility of fleet expansion and foreign listing were being talked about in the market circles.

Physical form tells on volumes

EMPIRE Industries is moving up in term of prices, but not in volumes. The reason sited for absence of volumes is the stock's physical form. The stock has not been dematerialised at all. It finished at Rs 199 on Wednesday, with a gain of 2.58 per cent. In the last one month, the stock has moved up by over 25 per cent.

The public holding in the stock is placed around 12.18 per cent and the promoters' holding at 56.46 per cent.

According to market sources, valuation of the profit making company's glass, engineering businesses and huge real estate do not get reflected appropriately in the activity and in the market price because of the stock's status.

Jayanta Mallick

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

More Stories on : Stock Markets | Ear to the ground

Stories in this Section
Geojit offers clients trading on Dubai Gold Exchange

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line