Financial Daily from THE HINDU group of publications
Sunday, Nov 02, 2003
Financial Daily from THE HINDU group of publications Sunday, Nov 02, 2003 |
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Investment World
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Stock Markets Markets - Stock Markets Up `n' down the street G. Madhan
Sundaram Fasteners (Rs 798): The robust earnings growth in the quarter ending September 2003 and the merger of TVS Autolec with the company has induced this stock to surge 18.2 per cent. TVS Autolec, on the other hand, fell by 25 per cent. Moser Baer (Rs 509): The stock price appreciated 22.5 per cent after it raised its earnings growth guidance from 20-25 per cent to 30 - 35 per cent for the financial year 2004. Bharti Tele-Ventures (Rs 90): The stock rose 17.2 per cent after the recommendation made by the Telecom Regulatory Authority of India, for an unified licensing regime. Grasim Industries (Rs 858): The stock rose 16 per cent after the announcement that the company expects considerable upsides in Cemco's operating margin. Hero Honda (Rs 353): The stock rose 8.9 per cent after it achieved a record sale of 2.7 lakh motorcycles for the month of October. Falcon Tyres (Rs 21): The stock fell by 11.1 per cent - the highest loser among the swathe of tyre stocks that fell during the week. Rane Brake Linings (Rs 324): The stock rose 7.7 per cent. The company has declared a bonus issue in the ratio of 1:1. Bharat Forge (Rs 592): The stock rose 14 per cent after it bagged two new supply contracts from US automaker Ford and German-US firm DaimlerChrysler. Tube Investments (Rs 140): The stock fell by 11.2 per cent after its net profits, in the recently concluded quarter, fell by 63 per cent. Lakshmi Mills (Rs 206): The stock fell 14.2 per cent after it recorded a net loss of Rs 70 lakh in the recently concluded quarter. Gammon India (Rs 224): The counter surged by 20.7 per cent after the company posted a 50 per cent growth to its net profits in the quarter ended September 2003.
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