Paper companies scrips soar
Mumbai: Increase in commodity prices of paper have infused a sudden dose of adrenaline into the stock prices of these manufacturers. Scrips of a number of paper companies including Ballarpur Industries, Orient Paper, AP Paper, Pudumjee and Mysore Paper registered very strong gains on Friday.
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Bulls in charge on the bourses
Mumbai: Bulls were in total control of Fridays trading activity. Their dominance left the bears with no opportunity to recover during the day. None of the counters in the tradable list is in the downtrend.
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SBI stock gains on better performance
Mumbai: The share prices of most public sector banks have been on the rise lately, but leading the pack is State Bank of India, the largest and most well networked PSU bank. Most funds are currently bullish on the stock in the near term.
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Open offer hopes revive Ray Ban
Mumbai: Shares of sun-glass-maker Ray Ban moved into positive territory on Friday on rumours that the Securities and Exchange Board of India is likely to clear next week the pending open offer proposal made by parent Luxoticca in 2001.
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i-flex ends Day 1 below offer price
Mumbai: i-Flex Solutions Ltd ended the first day of trading today at Rs 499.45 per share, although it had opened trade at Rs 541 per share, at a premium to the issue price of Rs 530 per share. i-flexs closing price on Friday was 5.8 per cent lower.
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Geodesic Info up as it seals deal with US firm
Mumbai: Geodesic Information Systems has registered a nearly three-fold increase in its share price since February. The stock, which was then quoting around Rs 32, is currently ruling around Rs 88 levels on the Bombay Stock Exchange.
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Sell Nifty 1100 call
Mumbai: Cash markets ended on a positive note on Friday. The July maturity contracts were actively traded. Traders who were long on call options and short on put options would have seen their position gain value during the day.
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MFs must enter into G-sec deals in demat only
Mumbai: The Securities and Exchange Board of India has now stipulated that all mutual funds should enter into transactions relating to government securities in the dematerialised form only.
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