Financial Daily from THE HINDU group of publications
Tuesday, Jan 24, 2006
Financial Daily from THE HINDU group of publications Tuesday, Jan 24, 2006 |
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Markets
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Stock Markets Columns - Ear to the ground RPG Life Sciences up on speculative interest
According to dealers, despite a reported dip in income and profit in the quarter to December 31, 2005, the fresh interest stemmed from expectations of better results in the quarters ahead and chances of hiving off its investments into a separate company. The stock closed with a gain of around 5 per cent at Rs 163.45 and a traded quantity of 2.08 lakh shares, four-fold higher than its fortnightly average on the BSE.
Betting on overseas buy RAIN Commodities is holding firm on market expectations of an overseas acquisition possibility and sales growth. The company is also expected to report profit. The stock closed at Rs 59, up 1.64 per cent, on higher traded quantity on the BSE
Dips on lower profit GRANULES India dipped on lower than expected profit and income. The expansion projects that were in various stages of implementation could not contribute to the earnings. The stock closed lower by 1.50 per cent at Rs 121 on the BSE on Monday. Greater than average traded quantity indicated selling in the counter.
Jayanta Mallick
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