The Hindu Business Line : Well-sailing ships and bounteous winds

Jogin was studying the currency movement charts of the past few months. Khan was plotting the economic indicators to check for slowdown signs. But it was the fast-paced T-20 on the telly that Dakshinamoorthy was busy watching … Till Sridevi SMS-ed them all: ‘MG’ for market gappa. Sync!

* * *

Sri: Hi. Back from modak feast?

Kay: Hmm… Inflation figures encouraging.

Jog: For the market? Nifty caved in!

Dax: Meekly on Friday.

Kay: Nifty has immediate resistance…

Sri: At 4,535 on the upside.

Dax: And on the downside?

Jog: Support existed at 4,470.

Kay: Investment bankers quite optimistic about India.

Sri: Last week’s numbers, koi?

Jog: Here! Geojit Fin rose 6% on last Monday, while UCO Bank gained almost 5%. Macmillan and Ranbaxy Lab earned a profit of 2% and Indiabulls, 1%, even as GE Cap ended on a +ve note that day.

Dax: Deal with Canadian firm should help…

Kay: Ajanta Pharma? HUL shareholders nod…

Sri: For buyback not exceeding Rs 230.

Jog: Should take the stock up?

Dax: Try Varun Shipping for investment.

Sri: Unity Infra should ride high!

Kay: On Rs 134-cr orders. Karnataka Bank…

Jog: Trading quite strong.

Sri: Bombay Burmah Trading stock surging.

Dax: A buy candidate for short term?

Jog: Heavy buying in FDC. Watching.

Sri: IFCI could witness more buying interest.

Jog: Rumours have it that big MNC banks…

Kay: Are in the fray to pick up stakes in the company.

Sri: Could be pegged higher than current market price?

Dax: Once the bid is finalised, it could also lead to…

Kay: Buying interest in IDBI.

Sri: Since its stake in IFCI would get re-rated then?

Jog: Buying is also seen in Shrader Duncan scrip.

Dax: Suna tha ki parent MNC could increase…

Kay: Outsourcing from this Indian subsidiary?

Jog: If so, the stock could command higher valuations.

Sri: Aban Offshore, a value pick?

Jog: Appreciated more than 4% last week.

Dax: For long-term investors.

Kay: Simplex Infrastructures to electrify?

Dax: Plans to enter power transmission and distribution.

Sri: “In every power that moves…”

Dax: From Antony and Cleopatra?

Jog: Suzlon to fly? News of orders from DLF!

Sri: Reliance to give a run for the shipyard cos’ money?

Dax: Looking for partners to foray into shipbuilding…

Kay: “Well-sailing ships and bounteous winds…”

Jog: As in Pericles, Prince of Tyre! And dredging. Bye!

* * *

Lee with inputs from Mad, Vim, Sri and Vid.

Blog at http://MarketChat.blogspot.com

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