JBF Inds , Nicholas Piramal, Sirpur Paper, Lakshmi Machine Works
Excel Crop Care ,Mercator Lines, IRB Infra , Ansal buildwell – Interesting Charts
Lincoln Pharma – An Interesting Stock !
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Greaves Cotton jumps on price rise hopes
Institutions have been buying Greaves Cotton on reports that demand for cotton would increase after raging floods in Pakistan, a major producer. This, along with the rising number of textile mills in AP, TN and Gujarat, will give a big push to cotton prices.
The biggest benefactor of this windfall will be Greaves Cotton, which is expanding capacity in Aurangabad. The plant will come up with an initial capacity of 70,500 units per annum and will open by end-2011. Shares rose 3% at Rs 396 on the BSE. The stock is believed to be accumulated by the MF arm of a business conglomerate.
Govt subsidy approval buzz lifts BPCL, HPCL
Shares of BPCL & HPCL surged in a flat trading session on Monday on news that the government had approved a subsidy of Rs 14,000 crore to the OMCs to compensate for their revenue losses in FY10. Dealers said MF managers bought these stocks, particularly BPCL, as short-term bets.
BPCL shares closed at a new high of Rs 774.60, up 11% on higher-than-average trading volumes. But the “Big Daddy” of insurers took this opportunity to book profits in both stocks, as it had bought them at significantly lower prices.
Analysts said hopes that crude prices may remain below $75 per barrel due to higher inventory levels in the US and the buzz that the government may increase diesel prices have investors and traders staying optimistic about these stocks.
(Contributed by Shailesh Menon & Harish Rao)
Institutions have been buying Greaves Cotton on reports that demand for cotton would increase after raging floods in Pakistan, a major producer. This, along with the rising number of textile mills in AP, TN and Gujarat, will give a big push to cotton prices.
The biggest benefactor of this windfall will be Greaves Cotton, which is expanding capacity in Aurangabad. The plant will come up with an initial capacity of 70,500 units per annum and will open by end-2011. Shares rose 3% at Rs 396 on the BSE. The stock is believed to be accumulated by the MF arm of a business conglomerate.
Govt subsidy approval buzz lifts BPCL, HPCL
Shares of BPCL & HPCL surged in a flat trading session on Monday on news that the government had approved a subsidy of Rs 14,000 crore to the OMCs to compensate for their revenue losses in FY10. Dealers said MF managers bought these stocks, particularly BPCL, as short-term bets.
BPCL shares closed at a new high of Rs 774.60, up 11% on higher-than-average trading volumes. But the “Big Daddy” of insurers took this opportunity to book profits in both stocks, as it had bought them at significantly lower prices.
Analysts said hopes that crude prices may remain below $75 per barrel due to higher inventory levels in the US and the buzz that the government may increase diesel prices have investors and traders staying optimistic about these stocks.
(Contributed by Shailesh Menon & Harish Rao)
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Src: Brameshtech blog, HDFCSEC, ET and Nooreshtech site.