The Hindu Business Line : On the move

Pantaloon Retail (Rs 246) - The counter fell 10.4 per cent. This has to be seen in the light of the SEBI probe on alleged irregularities in the allotment of preferential equity, to its promoters.

Jindal Iron & Steel (Rs 225) - The stock rose by 20.3 per cent on the back of amalgamation of its steel business with Jindal Vijayanagar Steel (JVSL). JVSL, on the other hand, fell by 11 per cent reflecting investor perception of the stock swap ratio.

Madras Aluminium (Rs 218) - The Sterlite Group company appreciated 26 per cent. The stock has been appreciating ever since the group decided to list its holding company, Vedanta Resources, on the LSE.

Hindustan Zinc (Rs 113.5) - The stock surged 10.9 per cent after Sterlite Industries exercised the call option to acquire 18.92 per cent of Government equity in the company.

Mahavir Spinning Mills (Rs 105) - Textile stocks were in demand during the week on the back of news that overseas retail chains were planning to source textile products from Indian manufacturers. The stock gained 31 per cent.

TajGVK Hotels (Rs 117) - Hotel stocks rose on expectations of improved performance on the back of rise in business and leisure travel in the last two months. The stock gained 17.5 per cent. ITC Hotels, Gujarat Hotels, Best Eastern Hotels and Hotel Leela also ended the week on a positive note.

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