Financial Daily from THE HINDU group of publications
Sunday, Oct 26, 2003
Financial Daily from THE HINDU group of publications Sunday, Oct 26, 2003 |
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Investment World
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Stock Markets Markets - Stock Markets Up `n' down the street G. Madhan
iGate Global Solutions (Rs 177): The stock fell by 14.7 per cent after the company registered a net loss of Rs 1.2 crore for the quarter ending September 2003. Bag Films (Rs 10): The media stock fell 15.9 per cent during the week after it made its debut last week at a 23 per cent premium to the issue price of Rs 10. Jindal Vijayanagar Steel (Rs 14): The stock fell 17.4 per cent. The company is mulling a merger with its group company, Jindal Iron & Steel. Phoenix Mills (Rs 3128): On the back of rising cotton prices this small-cap stock rose 10.4 per cent - the highest gainer among a string of textile stocks that gained during the week. Arvind Mills (Rs 46): The stock fell 14.3 per cent after its net profit slipped by 16 per cent for the quarter ended September 2003. Pantaloon Retail (Rs 234): Expectations of higher earnings on the back of higher festive sales appears to have propelled this stock, as it rose 17.5 per cent Titan Industries (Rs 111): The stock gained 12.1 per cent on the back of market talk of a possible merger with Trent. Bajaj Hindustan (Rs 146): The stock price of this sugar manufacturer rose 10.7 per cent. The rise is noticeable as several sugar stocks traded in a narrow range. TVS Autolec (Rs 173): The stock fell by 19.4 per cent ahead of the company's board meeting, to consider merging it with Sundram Fasteners. Raymond (Rs 144): Despite posting a 14.8 per cent growth to its net profits for the quarter ending September 2003, the stock of this textile product manufacturer dropped 13 per cent.
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