Financial Daily from THE HINDU group of publications
Thursday, Jan 19, 2006
Financial Daily from THE HINDU group of publications Thursday, Jan 19, 2006 |
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Markets
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Stock Markets Columns - Ear to the ground Oudh Sugar rises on `buy' talk
THE Oudh Sugar Mills counter has been witnessing hectic activity over the last three to four trading sessions, after a couple of brokerage firms recommended a buy on the stock. The Oudh Sugar stock has shot up by about 54.62 per cent (from Rs 108.65) during the last one-month period. On Wednesday, the stock rose by 3.63 per cent on the NSE to touch Rs 168.65, compared to Tuesday's closing price of Rs 162.50. Dealers said the sugar sector story was playing out in the counter. On the BSE, 4,36,987 shares were traded, compared to the two-week average of 3,91,629 shares. On the NSE, 9,31,743 shares were traded. The stock price has risen by 19.7 per cent from a week-ago price of Rs 140.35.
Satyam witnesses hectic trading SATYAM Computer Services Ltd counter was in action on Wednesday following market buzz on a stake sale in the company. Though the company denied aany deal, dealers said there could be some announcements expected soon. The counter witnessed a turnover of 21.41 lakh shares on the BSE, almost double from the two-week average turnover of 11.52 lakh shares. The stock closed lower at Rs 721.7, compared to Tuesday's closing price of Rs 725.55. On the NSE, the stocks witnessed a turnover of 51.06 lakh shares. The stock closed at Rs 721.95, compared to the previous close of Rs 726.30.
Apollo gains on recommendation STOCKS of Apollo Hospital Enterprises rose by over four per cent on Wednesday, after a leading brokerage firm recommended a `buy' on the stock. Dealers said the Apollo Hospital stocks were also attracting investors as the stock had shed almost Rs 50 from January 10. On Wednesday, the counter closed higher by Rs 19 (4.07) at Rs 498.75, compared with the Tuesday's closing price of Rs 479.25. On the NSE, the stocks closed higher by Rs 21.75 (4.55 per cent) at Rs 499.75, compared to the Tuesday's close of Rs 478. On the NSE, the counter witnessed 98,877 shares changing hands. On the BSE, over 25,000 shares were traded.
Rajesh Abraham
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