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INTELLVISIONS Software on Monday closed higher on completion, as market sources have it, of its preferential allotment to two FIIs.

According to market talk, Goldman Sachs and Merrill Lynch have been allotted a total of 8.65 lakh shares at around Rs 120 a share of Rs 10 each. The company had earlier raised the FII investment limit to 49 per cent of the paid-up equity.

The promoters including persons acting in concert and FIIs are also reportedly being issued convertible warrants at Rs 90 a share and above.

The stock finished at Rs 119.30, up 2.27 per cent after touching its 52-week high at Rs 122.45 on the BSE.

Betting on biz prospects

INTEGRA Hindustan Control on Monday scaled its new year-high at Rs 330.8 with a gain of 5 per cent on the BSE. The stock has moved up 27.6 per cent within the last one week and gained 84.24 per cent in the last one month on certain operators' interest.

According to market sources, punting is on over its new business prospects. Integra Hindustan had entered into a licence agreement for product assembly of audio frequency track circuit with Bombardier Transportation of UK earlier this fiscal.

India Infoline had 2.51 per cent holding and Pranav Financial Services had 1.52 per cent in ABB Ltd and Integra Holding AG-promoted Integra Hindustan as on September 30, 2005.

Order talk activates it

HINDUSTAN Construction saw a huge volume increase on market talk of significant additions to its order book position.

The company, however, has not made any announcement to the stock exchanges regarding orders. The stock closed flat at Rs 126, after touching the day's high at Rs 143.40. Trading volumes on the BSE shot up from the fortnightly average of 95,144 shares to 5.03 lakh shares.

Jayanta Mallick

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