• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

The counter has been active of late on market hopes that Tata Sons would further hike its stake in the company. Tata Sons recently bought 45.5-lakh shares of the company from Hindustan Lever at Rs 222.10 each. Hindustan Lever, which got these shares when Tata Chemicals merged with Hindustan Lever Chemicals via a share swap a few years ago, still has about 77-lakh shares in the company.

Dealers said the Tata group might continue to consolidate its holding in group companies to ward off takeover attempts, but the purchases may be staggered.

The stock has gained 10.6 per cent over a month, though on Thursday, it slipped by 2.30 per cent to Rs 224.70. Its two-week average traded quantity is 5.68-lakh shares.

K.S. Badri Narayanan

More Stories on : Stock Markets | Stocks | Ear to the ground

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Air circulation over TN signals rains

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line