Financial Daily from THE HINDU group of publications
Tuesday, Jan 17, 2006
Financial Daily from THE HINDU group of publications Tuesday, Jan 17, 2006 |
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Markets
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Stock Markets Columns - Ear to the ground Alstom projects rides on transport buzz
Alstom Projects made a strong upward move on Monday to close at Rs 250.25 and posted a gain of 3.88 per cent. The stock is active on the buzz that its bids for New Delhi and Mumbai metro rail/multi-nodal transport projects may be successful. The company recently obtained a major order from Bokaro Power Supply Co for turnkey boiler supply package, worth Rs 208 crore. The counter recorded a traded volume of 2.66 lakh shares on Monday on the BSE. Its fortnightly average on the exchange is 2.78 lakh shares. The stock hit its 52-week high at Rs 257 on January 12.
Blue Coast Hotels gains on performance hopes BLUE Coast Hotels & Resorts is inching ahead sans volumes on expectations that it may report higher income on the back of increased room rent and bookings during the third quarter to December 31, 2005. The stock on Monday moved up by 4.81 per cent to finish at Rs 98, the day's highest. In the past one week the counter has gained by 14.55 per cent. However, the liquidity in the counter remains highly restricted.
RPG Life Sciences: Numbers to drop? RPG Life Sciences declined by around 5 per cent on apprehensions that the company may report lower profits during the quarter ended on December 31, 2005 against the previous quarter to September 30, 2005. During the September quarter, the company had reported net sales Rs 36.22 crore, net profit of Rs 5.97 crore and an EPS of Rs 4.8. The stock closed at Rs 143.70 on the BSE with a traded quantity of 37,100 shares against the last two-week's average of 60,878 shares on the bourse. It has shed around 8.15 per cent of its market valuation in the past one week. The stock had scaled to its 52-week peak at Rs 169.15 on December 9.
Jayanta Mallick
More Stories on : Stock Markets | Ear to the ground
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