| Company |
Share Price |
Var.(%) |
| Hindustan Composites |
84.1 |
96.03 |
| The Mumbai-based auto-ancillary
maker moves up on hopes of improved financial performance on better portfolio and
induction of fresh investment and technology. Besides, Hindustan Composites has huge real
estate in Mumbai. |
| SAAG RR Infrastructure |
31 |
85.51 |
| The oil infrastructure manufacturer
rises after its directors approve an agency agreement with Focus Oil and Gas Services B.V.
for one year. Formerly, Kashyap Foundations, SAAG RR Infrastructure, taken over by
Malaysian oil giant SAAG (M) BHD, is planning to bid for oil drilling blocks to be awarded
to private players. The company is also venturing into infrastructure and high-end
execution projects in the oil and gas sectors. |
| GE Capital Transport Fin. Services |
72.75 |
76.79 |
| The financial services arm of global
consumer finance major GE Capital advances after the latter announces plans to foray into
retail banking. GE Capital Transportation, formerly known as SRF Finance, also posted
improved financial results. In the quarter ended 31 December 2004, the company posted a
155% rise in the net profit to Rs 3.14 crore (Rs 1.23 crore) on sales of Rs 19.42 crore
(Rs 14.05 crore). |
| Hindustan Copper |
69.25 |
71.41 |
| The PSU copper producer jumps on
firm trend in global copper prices. Copper prices on the London Metal Exchange have
extended their recent rise. In calendar 2004, copper prices jumped 37% amid forecasts that
demand will exceed production, led by strong demand from China, the world’s largest
copper user. The worldwide consumption of copper grew at around 6.9% on economic growth in
the US and strong Chinese demand. |
| GTC |
59.1 |
68.85 |
| The cigarette manufacturer gains on
rumours that it is planning either to sell or develop its real estate in Mumbai. GTC has
denied these rumours. The rise of the stock was also attributed to the appointment of Amar
Sinha, former CEO of BDA, as director (sales and marketing) of the company. |
| Madhucon Projects |
736.25 |
66.36 |
| Reliance Industrial Infrastructure |
106.65 |
37.79 |
| IVRCL Infrastructure & Projects |
471.45 |
28.3 |
| Ruchi Infrastructure |
228 |
27.73 |
| Jog Engineering |
27.85 |
26.59 |
| Subhash Projects & Marketing |
42.85 |
25.66 |
| Simplex Concrete Piles |
438.95 |
22.95 |
| Gammon India |
1050.2 |
20.84 |
| Nagarjuna Construction Co |
543.65 |
17.52 |
| Construction sector stocks move up
following the thrust on infrastructure sector proposed in the Union Budget 2005-06.
Finance Minister P Chidambaram said in his budget speech that the record foreign exchange
reserves would be used to fund domestic infrastructure projects. A special purpose vehicle
(SPV) has been mooted with a borrowing limit of Rs 10000 crore. |
| Jindal Drilling & Industries |
157.2 |
66.34 |
| Selan Exploration Tech |
37.35 |
44.48 |
| Asian Oilfields |
10.71 |
42.8 |
| Shiv-Vani Oil & Exploration |
104.6 |
34.96 |
| Oil infrastructure companies rise on
huge action in the oil & gas sector in the country following the recent discoveries of
oil and gas in various parts of the country. |
| Prranneta Industries |
69.95 |
65.36 |
| The financial services and trading
company jumps ahead of its board meeting on 4 February to consider a stock-split.
Prranneta Industries has proposed a sub-division of its capital by splitting its shares of
from Rs 10 each into ten equity shares of Re 1 each. |
| Morarjee Realties |
117.6 |
64.82 |
| HB Estate Developers |
10.84 |
40.41 |
| BSEL Infrastructure Realty |
42.25 |
19.68 |
| Ansal Buildwell |
29.3 |
17.24 |
| Real estate companies gain after the
government cleared last fortnight 100% foreign direct investment in the real estate sector
through the automatic route. However, foreign investors can sell only fully developed
plots. |
| Javelin Technologies |
60.9 |
64.15 |
| The company with biotech-related
activities jumps following the re-constitution of its board of directors and a change in
management control. The new management of Javelin Technologies comprises scientists and
technocrats. The company is entering into a licence agreement with one of the directors,
Dr A Ramaih, for clinical trials of pepticides for wound healing, wrinkle reduction and
formulation for transport of pepticides / vaccines through intact skin. Javelin
Technologies said it would also consider commercialising Dr Ramaiah’s tanning and
vitiligo patents to suitable companies. |
| Galaxy Entertainment Corp |
90.75 |
60.19 |
| The entertainment media player moves
up following retailing major Pantaloon Retail India's open offer to the shareholders of
the company to mop up an additional 20% stake at Rs 51 per share after acquiring a 15.73%
holding through a preferential allotment of shares at Rs 44 per share. Galaxy
Entertainment has interests in films and restaurants, and has a sports bar adjacent to
Pataloon’s retail store Big Bazar at Phoenix Mills in Mumbai. |
| JK Agri Genetics |
181.4 |
54.41 |
| The Hari Shankar Singhania group
agri-genetics maker advances on hopes of improved outlook. |
| Bajaj Electrical |
248.35 |
53.53 |
| The electrical equipment major of
the Bajaj group rises on strong quarterly results. In the quarter ended 31 December 2004,
Bajaj Electrical posted a 96.28% rise in the net profit to Rs 4.75 crore (Rs 2.42 crore)
on sales of Rs 170.03 crore (Rs 126.51 crore). The company recently underwent a
restructuring exercise and plans to double its revenue to Rs 1000 crore within three
years. In FY 2005, it hopes to increase its revenue by 20% to Rs 630 crore. |
| JM Financial |
143.75 |
53.49 |
| The broking outfit gains on hopes of
improved financial performance on the recent boom in the stock market. JM Financial has
reportedly brokered several high-profile block deals on the bourses in the last couple of
months. |
| Bombay Dyeing & Manufacturing |
355.1 |
52.53 |
| The textiles and
textile-intermediate manufacturer gathers momentum on its aggressive expansion plans in
the retail business. Bombay Dyeing & Manufacturing is setting up about 150 exclusive
retail stores in the coming two years. It is also planning to have a presence in nine
malls across the country. Besides, talks that its huge real assets in lucrative central
Mumbai could generate cash further boosted the stock. |
| Dolphin Offshore Enterprises |
131.35 |
52.02 |
| The offshore service provider rises
on a slew of orders from drilling, exploration and shipping companies due to rising oil
exploration / drilling activity in the country. |
| Satkthi Sugars |
77.7 |
50.14 |
| Piccadily Sugar & Allied Inds |
15.05 |
38.32 |
| Ugar Sugar Works |
287.1 |
21.85 |
| Rana Sugars |
30.75 |
19.88 |
| JK Sugar |
56.5 |
17.09 |
| Thiru Arooran Sugars |
158.55 |
16.49 |
| Balrampur Chini |
704.05 |
10.43 |
| Bannari Amman Sugar |
576.3 |
10.09 |
| Sugar companies move up on the
finance minister’s announcement of a package for sugar units in the budget. Interest
rates have been cut for all outstanding loans to sugar producers as on September 2004.
Sugar factories registered in FY 2003 will be provided assistance to re-structure and
there will be a moratorium on repayment of loans and interests. They will also be allowed
to re-negotiate interest rates with banks. |
| Pokarna |
172.25 |
46.84 |
| Madhav Marbles & Granites |
71.45 |
45.51 |
| Aro Granite Industries |
67.55 |
26.73 |
| Divyajyoti Granites |
20.6 |
22.61 |
| Granite and marble stocks jump on
hopes that the housing sector may receive a boost following the opening of the real estate
sector for foreign direct investment. |
| Priyadarshini Spinning Mills |
33.85 |
46.22 |
| Jaipur Polyspin |
23.15 |
32.28 |
| Prime Textiles |
73.5 |
26.18 |
| Super Spinning |
222.55 |
24.64 |
| Suryalakshmi Cotton Mills |
158.75 |
23.92 |
| Amarjothi Spinning Mills |
78.8 |
15.79 |
| Century Textiles |
246.65 |
14.98 |
| Ambica Cotton Mills |
189.85 |
12.07 |
| Loyal Textile Mills |
187.45 |
10.36 |
| Mahavir Spinning Mills |
306.7 |
9.41 |
| Nahar Spinning Mills |
239.8 |
7.24 |
| Textile stocks rise after the
finance minsiter's announcement in the budget of a 10% capital subsidy for the textile
sector. The allocation of Rs 25000 crore for Technology Upgradation Fund has been
increased by Rs 435 crore. Besides, customs duty has been cut on textiles machinery from
20% to 10%. |
| Ceat |
172.25 |
46.36 |
| Krypton Industries |
29.1 |
32.57 |
| Goodyear India |
84.8 |
30.96 |
| Govind Rubber |
25.15 |
30.31 |
| TVS Srichakra |
85.75 |
26.48 |
| JK Industries |
99.6 |
24.65 |
| MRF |
3063.05 |
14.54 |
| Premier Tyres |
25.35 |
14.44 |
| Falcon Tyres |
40.75 |
19.75 |
| Tyre stocks gain after various tyre
makers effected a cut of between 2.5% to 6% in tyre prices. The cut was lower compared to
the 8% reduction in excise duty on replacement tyres in the budget to 16%, from 24%. This
would lead to an improvement in the margin of tyre makers. |
| Kalpataru Power Transmission |
391.4 |
42.32 |
| The power transmission major firms
up on fresh buying on hopes that its transmission line business will benefit from the
government’s thrust on rural power projects. Under the rural electrification
programme, 1.25 lakh villages are to be covered in five years. The budget has provided Rs
1100 crore for this purpose in FY 2006. |
| Gujarat Flourochemicals |
459.35 |
40.84 |
| The chlorofluorocarbon refrigerant
gases and anhydrous hydrofluoric acid producer advances after announcing that the
executive board of Clean Development Mechanism, established under the Kyoto Protocol, has
agreed to register its project in Gujarat for greenhouse gas emission reduction by thermal
oxidation of HFC 23. |
| Gulf Oil Corp |
180.65 |
39.82 |
| The Hinduja group lubricant oil
manufacturer rises on value buying. In the quarter ended 31 December 2004, Gulf Oil Corp
posted a net profit of Rs 5.03 crore (Rs 4.34 crore) on sales of Rs 130.28 crore (Rs
113.07 crore). The company has an equity base of Rs 13.87 crore. |
| Crompton Greaves |
476.5 |
38.21 |
| The Mumbai-based Thapar group
electrical equipment producer jumps following the takeover, for euro 32.10 million ($45.6
million), of the transformer business of Belgium-based Pauwels Group, whose operations are
spread across five countries. This acquisition makes Crompton Greaves one of the top power
transformer and distribution transformer companies in the world. Besides, in the quarter
ended 31 December 2004, it posted a 98.18% rise in the net profit to Rs 31.59 crore (Rs
15.94 crore) on sales of Rs 516.80 crore (Rs 433.29 crore). |
| Ashapura Minechem |
430.75 |
36.64 |
| The mining major gains on hopes that
the government may allow foreign direct investment in the mining sector. The finance
minister, in his budget speech, has promised to look into the matter of allowing FDI in
mining along with retail and pension fund sectors. |
| Taneja Aerospace & Aviation |
43.7 |
35.08 |
| The aircraft manufacturer moves up
further on receiving an order for 25 two-seater sports planes from Indus Aviation, a
US-based company. The order envisages manufacturing the Thorp T-1211 sports plane in
completely knocked down kits and shipping them to the US. Taneja Aerospace & Aviation
will also produce 12 DGCA-certified Thorp planes for the domestic market, where Indus
plans a series of flying schools. The company aims at a revenue of Rs 15 crore this fiscal
and Rs 25 crore in FY 2006 with the new aircraft order, besides eyeing a jump in aircraft
systems and components, from both Indian and foreign companies. |
| High Energy Batteries |
389.5 |
34.1 |
| The electrical equipment maker firms
up on improved quarterly results. In the quarter ended 31 December 2004, High Energy
Batteries posted a 100% rise in the net profit to Rs 0.64 crore (Rs 0.32 crore) on sales
of Rs 8.92 crore (Rs 8.20 crore). The company has a tiny equity base of Rs 0.90 crore. |
| Rajesh Exports |
488.2 |
33.66 |
| The Bangalore-based manufacturer and
exporter of gold jewelry rises on sustained buying after global financial investors
Goldman Sachs and Merrill Lynch together picked up a 5.7% stake for Rs 14 crore. Goldman
Sachs mopped up 3 lakh shares (4.28% stake) at Rs 351 each for Rs 10.53 crore. Merrill
Lynch bought 1 lakh shares (1.42%) at Rs 353 each for Rs 3.53 crore. Besides, Rajesh
Export is also venturing into diamond jewelry. The company has begun R&D operations
for the design and production of branded diamond jewelry, with an investment of Rs 4
crore. |
| Aegis Logistics |
79.7 |
29.27 |
| The chemicals (pentaerythritol,
fatty alcohol and formaldehyde) manufacturer gains after announcing plans to consider a
share buy-back. |
| Indo Asian Fusegears |
113.5 |
29.19 |
| The fusegear maker moves up on its
aggressive expansion of its manufacturing and marketing activities. Indo Asian Fusegears
is introducing many new electrical products and has invested Rs 3 crore for import of
machinery and expansion of building premises. The company has targeted a turnover of Rs
250 crore for its main switchgear and lighting division in FY 2006. |
| Emami |
100.15 |
28.23 |
| The personal care producer advances
ahead of its IPO. The maker of Boro Plus and Navratna Oil is offering shares to the public
to increase its non-promoter holding from the current 3.9% to the stipulated level of over
10%. Emami is expected to gain from the implementation of VAT as the white paper on VAT
released earlier this year categorises medicines and drugs under the 4% tax rate. Over 90%
of Emami’s products are classified as ayurvedic medicines and, on an average,
currently bear a sales tax of around 10%. |
| Megasoft |
92.35 |
27.64 |
| The mid-cap software stock jumps on
speculative buying. The Megasoft board, last fortnight, allotted nine lakh convertible
redeemable preference shares of Rs 100 each to non-promoters, including 8 lakh shares to
I-LabsVenture Capital Fund. Each share is convertible into two equity shares at Rs 50 per
share, including a premium of Rs 40 per share, within a period of 12 months. Post
allotment, I-Lab’s stake in Megasoft will rise from 8.84% to 13.78%. |
| Hi-Tech Gears |
363.2 |
25.58 |
| The manufacturer of automotive gears
and shafts firms up after it sets 17 March 2005 as the record date for the proposed bonus
issue of shares. |
| Rajratan Global Wire |
123.35 |
25.03 |
| The steel wire producer gains after
its board approves a preferential issue of 6.01 lakh shares of Rs 10 each at a premium of
Rs 92 per share to Abhishek Dalmia’s Utkal Investments. The total size of the issue
is Rs 6.13 crore. |
| Indsil Electrosmelts |
68.75 |
24.66 |
| The ferro-silicon and aluminium
ferro silicon manufacturer rises on strong quarterly results. In the quarter ended 31
December 2004, Indsil Electrosmelts posted a massive rise in the net profit to Rs 4.03
crore (Rs 0.02 crore) on sales of Rs 21.54 crore (Rs 16.37 crore). |
| Jaiprakash Associates |
228.7 |
22.89 |
| Apart from the boost to the
infrastructure sector in the budget, the construction player's rise is fuelled by its
offer for sale, through book building, of 18 crore equity shares constituting 36.66% of
the total equity capital held by it in Jaiprakash Hydro-Power (JHPL), its wholly-owned
subsidiary. |
| Geojit Financial Services |
171.55 |
22.79 |
| The Kerala-based financial service
provider moves up after its shareholders approved a proposed 1:1 bonus issue. |
| Eicher Motors |
329.85 |
20.77 |
| The commercial vehicle major gains
following its decision to sell its tractor, engine and gear division to the Rs 1100-crore
Tractors and Farm Equipment. Meanwhile, the company plans to focus on commercial vehicles,
for which it has received a good response. It recently launched 25-tonne Galaxy 30.25 and
Galaxy 33.25 vehicles in the multi-axle segment in addition to entering the 4x2 tipper
market. In the medium and heavy commercial vehicle segment, Eicher Motors has enhanced its
market share, from 6.2% to 8%. |
| Timken India |
98.75 |
20.5 |
| The associate of the MNC bearing
major gains on strong quarterly results. In the quarter ended 31 December 2004, Timken
India posted a 130% rise in the net profit to Rs 13.16 crore (Rs 5.72 crore) on a 43.75%
rise in the net profit to Rs 81.85 crore (Rs 56.94 crore). |
| TASC Pharma |
330.85 |
18.9 |
| The bulk drug major rises on rumours
of reverse merger of pharma major Glenmark Pharma with the company. However, there has
been no confirmation of these rumours. |
| Yokogawa India |
226.25 |
18.79 |
| The MNC electrical component maker
firms up on strong quarterly results. In the quarter ended 31 December 2004, Yokogawa
India posted a 768% rise in the net profit to Rs 4.60 crore (Rs 4.60 crore) on sales of Rs
70.48 crore (Rs 49.22 crore). The company has a small equity base of Rs 8.75 crore. |
| Andhra Bank |
100.45 |
18.73 |
| Bank of India |
97.75 |
16.85 |
| Bank of Maharashtra |
37.6 |
15.69 |
| Syndicate Bank |
61.95 |
14.29 |
| Union Bank of India |
122.9 |
14 |
| Vijaya Bank |
67.1 |
12.77 |
| Punjab National Bank |
476.25 |
12.68 |
| Bank of Baroda |
225.55 |
10.61 |
| PSU banks advance after the budget
proposed to give operational freedom to public sector banks to pursue new lines of
businesses, make acquisitions of businesses and close or merge unviable branches, or set
up subsidiaries without government permission. |
| Indian Overseas Bank |
76 |
15.94 |
| The PSU bank rises after announcing
that its board will meet on 10 March to consider a global depositary receipt issue to be
listed in Singapore. |
| Escorts |
93.15 |
15.49 |
| The automobile producer firms up
after getting a $8.56-million order from Ghana to supply 400 tractors and spare parts. |
| Abhishek Industries |
35.95 |
15.22 |
| The north-based textile major gains
after a private equity arm of Citigroup bought a 7% stake for about Rs 45 crore ($10.3
million). |
| Hindustan Motors |
37.15 |
11.22 |
| The CK Birla group automobile major
rises after its board approves the hiving off of the component business into its
subsidiary AVTEC. Actis Capital LLP (Actis), through its investment vehicle Actis
Powertrain Investments, will acquire a 30% stake in AVTEC. The promoter group of Hindustan
Motors (HM) will also acquire a 21% stake at the same valuation. HM would ultimately own
49% of AVTEC. |
| Bharat Forge |
1,460.60 |
8.78 |
| The auto-ancillary major moves up
after announcing a 5-for-1 stock-split, i.e., one share of face value Rs 10 will be
converted into five shares of face value Rs 2 each. Besides, Bharat Forge’s board
also approved raising up to $ 300 million to fund growth opportunities and a hike in the
foreign fund investment limit to 40% from 24%. |
| Sulzer India |
220.75 |
-29.3 |
| The engineering major declines on
turning ex-dividend on 24 February. Sulzer India had declared an interim dividend of 50%,
i.e., Rs 5 per equity share, for the year ended 31 December 2004 and an interim dividend
of 350%, or Rs 35 per share, for the year ending 31 December 2005. |
| Suashish Diamonds |
64.35 |
-12.86 |
| Flowless Diamonds |
7.51 |
-9.29 |
| Sunraj Diamond |
10.89 |
-9.25 |
| Classic Diamonds |
100.65 |
-6.93 |
| Su-Raj Diamonds |
33.05 |
-4.75 |
| Titan Industries |
215.5 |
-4.62 |
| Branded jewelry manufacturers lose
ground after the budget proposed levying a 2% excise duty on branded gold jewelry. |
| 3M India |
526 |
-7.23 |
| The Indian associate of 3M, a
multi-product MNC, dips following disappointing quarterly results. In the quarter ended 31
December 2004, 3M India posted a 62.31% fall in the net profit to Rs 2.54 crore (Rs 6.74
crore) on sales of Rs 73.91 crore (Rs 56 crore). |
