The Hindu Business Line : HK Finechem: Growth hopes

H K FINECHEM, which is understood to be an accumulation target of some market players, on Tuesday, shot up with volumes on the BSE. The counter closed at Rs 53.70 on the exchange with a gain of around 10 per cent. Traded volumes on the BSE were 64,020 shares against a 15-day average of 58,544 shares.

According to market sources, the company's expansion plan and growth prospects have attracted certain investors.

Cheap tag lifts Karur KCP

KARUR KCP Packaging, a cement packaging company, is witnessing surge in activity on the market.

According to dealers, the interest in the counter is triggered by expectation of a quantum growth next fiscal. This five P/E (on 2006-07forward earnings) stock is understood to be seen by some as a cheap and indirect cement play.

The company, which is expanding its capacity, is expected to report 50 per cent growth in sales and profits in the next few years on the back of rising cement offtake and growing trend in containerised transport of the commodity.

The stock finished at Rs 76.10 on the BSE with a traded quantity of 74,391 shares. The counter has appreciated by over 19 per cent in value in the last one month.

Tea, fertiliser favour Duncan

DUNCAN Industries is recording activity on the NSE on the hope that its tea and fertiliser business would eventually take the company out of woods.

According to market sources, the sectoral positives have been aiding the counters. Both tea and fertiliser stocks have been witnessing added interest in the last few weeks on improved business prospects. The counter on Tuesday recorded a traded volume of over one lakh shares on the NSE and finished at Rs 23.

Jayanta Mallick

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