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WITH most of the power sector stocks rising, companies associated with the power sector are witnessing a lot of interest from market players. Among them is Emco Ltd, a company dealing with power transformers and meters.

On Monday, the stock was locked in the 20 per cent upper circuit at Rs 51.05 with a volume of 4.68 lakh shares.

The main factor for active interest in the stock, according to dealers, is that company is taking initiative for implementation of automatic meter reading (AMR) systems with various State electricity boards. It is learnt that the company has bagged orders worth around Rs 150 crore to be implemented over 18 months.

In addition, the talks that the company has good order positions for transformers, its core business, helped perk up the scrip.

Dealers said that the notification of the Electricity Bill will give a big boost to the company's prospects as its main focus is on transmission, to which transformers are integral.

Ball bearing stocks in limelight

THE stocks of various ball bearing companies were in the limelight on Monday, including NRB Bearings, SKF Bearings and Fag Bearings.

Dealers said that the main reason was the Government imposing anti-dumping duty on imports of ball bearings from China, which had been affecting the Indian industry.

With the imposition of the anti-dumping duty, the outlook for these companies has turned positive, dealers said.

The stock of NRB Bearings gained 2.88 per cent at Rs 85.65 on the BSE. Fag Bearings stock closed at Rs 69.10, up 5.18 per cent, while SKF Bearings ended the day at Rs 76.50, up 4.08 per cent.

Virendra Verma

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