Business Daily from THE HINDU group of publications
Tuesday, Nov 20, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Tuesday, Nov 20, 2007 ePaper | Mobile/PDA Version |
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Ceramics Markets - Stocks 
Our Bureau Mumbai, Nov. 19 Despite the fact that the markets were down today by 65 points, the ceramic stocks were on a high, especially the smaller stocks. Bell Ceramics which closed at Rs 17.47 was up 8.51 per cent and it touched a record high of Rs 18.70. Euro Ceramics too touched its highest ever price of Rs 229.75 and closed at Rs 221.5, which was a 7 per cent increase from its previous close of Rs 207. Kajaria Ceramics was up 14.92 per cent, to close at Rs 25.80. Somany Ceramics and Decolite Ceramics too were up 9.92 per cent and 13.92 per cent respectively. The withdrawal of the 20-per cent export incentive by China for the tile makers also seems to have triggered the interest in these stocks say analysts. This will open up new export prospects for India. “Nitco having being tied-up with a Chinese company saw an increase prices due to this withdrawal,” said an analyst. Nitco was up 3.13 per cent to close at Rs 310 and touched a high of Rs 319.85. The other stocks too were up too mainly because of this reason. Market watchers believe that this is because of the increase in interest in small and mid- cap stocks by the investors. “They are not affected by the P-Note issue or the sub-prime issues,” said Mr Sanjay Someshwar, Sub-broker, Ventura Securities. Another reason, is infrastructure boom, said Mr Someshwar. More Stories on : Ceramics | Stocks
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