The Hindu Business Line : Reprieve on cards

Counters such as Atlas Copco and Havell India could be looking at some reprieve given Thursday's sharp reversal in market sentiment. Despite these companies having declared a 1:1 bonus a short while ago, the stocks were actually trading ex-bonus - given the broad market fall.

For instance, the share price of Atlas Copco, which had been ruling at Rs 2,000-levels during the bonus announcement, is now ruling at around Rs 1,000-levels.

Similarly, Havell India, which was ruling at around Rs 800-levels, is currently quoting at Rs 400-levels.

Atlas Copco closed at Rs 1,050.15, up five per cent on the BSE, while Havell India ended the day at Rs 484.60, up 4.86 per cent.

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