Fast track
Pharma cos: Right formulations
AMONG the stocks that have fallen in the past fortnight are three top-rung pharmaceutical companies, Ranbaxy Laboratories, Dr. Reddy's Laboratories and Cipla. Over the last couple of years, all three have attracted considerable attention and the elevatio n of Dr. Reddy's and Cipla to the BSE sensitive index in the recent past is a reflection of their increasing importance in the equity market.

Impact
Jayshree Tea: Buyback with limits
THE proposed terms of the buyback of its stock by Jayshree Tea may lead to some firm trends in the stock price in the short term.

Pentamedia Graphics: Deal hanging fire
THE acquisition deal entered into by Pentamedia Graphics with Film Roman appears to have run into problems with Pentamedia attempting to restructure the transaction.

Stocks
Lyons Range
THE Calcutta Stock Exchange on Monday reflected a mixed price trend at close. Among the upward movers were the scrips of Global Telesystems, Zee Telefilms, HFCL, Tata Steel, Tata Engg and ACC.

Cement companies bask in limelight
ON Monday, the first day of trading in the current settlement on the Bombay Stock Exchange, the 30-stock BSE barometre (Sensex) closed the day at 3544.08 points, down by around 31.92 points or 0.89 per cent over Friday's close.

Technical Analysis
Marginal loss
THE movement of the index was within a bandwidth of about 22 points on Monday. Towards the close, the index closed with a marginal loss compared to the previous last traded value. The sideways trend in the index initiated on Friday continued. The sentime nt of the tradable list was in favour of the bears with a slight increase in its value.

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