Fast track
Shree Cement gains ground
THE introduction of compulsory rolling settlement in the erstwhile specified group stocks has resulted in a sharp decline in business volume and speculative activities. With top companies having announced their earnings performance, the stock market appe
ars to be groping for direction.
Impact
Aksh Optifibre: Contract to shrink
INDICATIONS that a big contract bagged by Aksh Optifibre may have to be renegotiated may lead to some stress on the stock price.
Godrej Foods: No positive tone
THE share-swap ratio of 1:15 for the merger of Godrej Foods' non-trading activities with Godrej Industries may not have any positive impact on the Godrej Foods stock for the present.
BILT: A good tilt?
THE move of Ballarpur Industries Ltd (BILT) to take the 87 per cent stake or a part of it in Sinar Mas held by BILT Paper Holdings may be viewed favourably from a long-term perspective.
RPG Life: Casting away agrochem
THE proposal of RPG Life Sciences (erstwhile Searle India) to sell the agrochemicals division may augur well from a long-term perspective for the valuation of the stock.
Stocks
Mixed trend in Lyons Range
THE Calcutta Stock Exchange on Monday saw the DSQ Software share close at Rs 41, up by Rs 5.70. Among the other notable gainers were the counters of Tata Tea, L&T and Bata. The prominent losers were the counters of Tata Engineering, HFCL and Global Tele.
Finolex Cables, Ashok Leyland score gains
SOME good news for the bulls at last. Aided by a good performance by some of the index constituents in the April to June quarter, the bulls on Monday managed to gain some control over the market during the course of the day.
Technical Analysis
Bears in retreat
THE initial hours of Monday's trading witnessed bear domination. Later on, the bulls took over and wiped out the gains made by the bears.
