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

Though Pudumjee Pulp slid six per cent on Tuesday, the stock still remains a gainer in term of last one week's and month's price performance at 18 per cent and 40 per cent respectively.

According to market sources, the recent interests in the counter stem from two factors: expected paper product price increase next month and commencement of work on its announced plan regarding real estate development.

The 2005-06 annual report of the company mentioned that about 48,000 square metres, only one eighth of the Pudumjee's unused land in Pune, had been earmarked for development during 2006-07. It is understood that in the next few months, this already identified land would be developed. The remaining available land would also be developed in a phased manner. The stock (closing price Rs 91 against its book value of Rs 123) recorded a volume of 81,943 shares.

Jayanta Mallick

More Stories on : Stock Markets | Stocks | Ear to the ground | Paper | rd & Newsprint

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

Stories in this Section
Easterly wave set to break dry spell in TN

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