The Hindu Business Line : REPRO India up on `no selling' hopes

REPRO India, a company into printing business, rose on Friday. The stock closed at Rs 243.90, up 3.22 per cent, on the BSE with volumes of 33.46 lakh shares; on the NSE, it ended at Rs 239.65, up 1.12 per cent with volumes of 52.91 lakh shares.

Dealers said the rise in the stock price was on account of delivery-based buying by a group of traders. On Thursday, the first day of listing, more than 19 lakh shares were marked for delivery compared to the issue size of 26.20 lakh shares.

The talk is that most of the investors, especially retail, have exited from the stock on listing and now the stock is in the hands of only a few investors. With fear of fresh selling having receded, several players have turned bullish on the counter.

Betting on film foray

PROVOGUE, apparel and retail company, was in the limelight on Friday. The stock rose 9.04 per cent at Rs 213.55 on the BSE with volumes of 26.90 lakh shares; on the NSE, it closed at Rs 212.30, up 8.01 per cent, with volumes of 51.77 lakh shares.

Dealers said the interest in the stock is on account of the company's entry into merchandising of film apparels. The company would be selling the apparels of new film `Rang De Basanti' starring Aamir Khan.

Moreover, several investors are upbeat on the stock due to the company's focus on its retail outlets and the valuation of the stock is being compared to retail stocks.

Virendra Verma

More Stories on : Stock Markets | Ear to the ground

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

Stories in this Section
Bear domination

Consistent wealth creators give good returns: Study

REPRO India up on `no selling' hopes

Reliance F&O: NSE cancels Jan 17 trading, fixes Jan 18 as ex-date to adjust de-merger

MF sector witnessing job churn as opportunities rise

SEBI exempts Tata Ind from making open offer

Selling pressure drags Sensex down

IPO watch