B.A.G. Films listed on BSE at Rs 14.80
Mumbai: The shares of B.A.G Films Ltd were listed on Friday on the Bombay Stock Exchange at a price of Rs 14.80 against the issue price of Rs 10. The entertainment company had gone in for an initial public offering (IPO) offering 1.48 crore equity shares of Rs 2 each in September 2003 at a premium of Rs 8 per share. The IPO was oversubscribed six times. Currently, the company is mainly into production of television software for various channels in India. B.A.G. Films has embarked on development of in-house production facilities, including a convergence studio complex with digital equipment and other infrastructure. The studio complex is located at Noida Film City. It is also planning to set up a media school and venture into production of low and middle budget feature films. The issue is lead managed by KJMC Global Markets (I) Ltd and UTI Securities Ltd and will be simultaneously listed on the BSE, the NSE and the DSE.
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Indian Rayon shares delisted from ASE
Mumbai: Indian Rayon & Industries Ltd has informed the BSE that in response to the company's application to be delisted from the Ahmedabad Stock Exchange, vide its letter dated October 9, the company securities have been removed from the list of the ASE.
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NRC gains on real estate plans
Mumbai: The counter of NRC Ltd (formerly National Rayon Corporation) on Friday saw some buying from select investors. Dealers said there are multiple reasons for the stock getting market attention. One reason is that the rayon business of the company has been doing well in the current fiscal. Another factor is that its plans to enter into the real estate business. Market talk is that the stock is being re-rated mainly due to the company's plans to enter the real estate. NRC has real estate in the Thane district, near Mumbai, and it is contemplating to develop both the residential and commercial properties. Dealers said that with the real estate market coming out of the recessionary phases, the outlook for the company looks bright. Already several players have accumulated the stock from the Rs 10 levels and some more buying in this counter has come over the last few days. On Friday, the stock gained 12.43 per cent at Rs 21.25 on the BSE with volume of 1.82 lakh shares, and on the NSE, it closed at Rs 21, up 12.30 per cent with volume of 2.10 lakh shares.
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Pantaloon Retail gains on good buying support
Mumbai: Fundamentals continue to drive the stock of Pantaloon Retail for the second day running, with the counter witnessing sustained buying support on the bourses. Though the counter has not been witness to many sharp movements, gains have been steady and gradual.

From around Rs 155 levels as on September 15 the stock has appreciated by 29 per cent to its current levels of Rs 200. Fund interest at the counter has also been on the rise.

According to market talk, FII, Arisaig Partners have been supporting this counter in the recent past. According to analyst Anshul Trivedi of B&K Securities, the growth in Pantaloon has been propelled by its three pronged approach of consolidation, penetration into new two-tier cities and flexibility in its business model. That the Big Bazaar retailing division is enhancing their core strength is also evident in its recent financial projections. Some of the numbers purportedly surprised even the most die-hard of optimists at the counter. Analysts maintain that no one has been able to scale-up quite like Big Bazaar. The company has set a target of achieving a turnover of Rs 1,000 crore by the year 2005. ``Very often in the retail business, the front end is easy to get. It is the back end or the supply chain format that proves to be the real test. The Big Bazaar is an example of how well the format has worked out to be,'' sources added. The stock ended the day at Rs 199.50 up 0.28 per cent with around 95614 share traded on the BSE.

The stock hit a 52-week high intra-day of Rs 206.75. On the NSE the stock ended at Rs 200.85 up 0.75 per cent with around 1.69 lakh shares traded.
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Expansion plans boost Sterlite Ind stock
Mumbai: The stock of copper major Sterlite Industries is back on fire after a long time with the scrip rising 75 per cent in the last one month. Analysts and brokers attribute the sharp rise to the company's mega expansion plans in copper and zinc. The stock price of Sterlite Industries has increased from Rs 501 on October 15 to today's closing at Rs 877.20. However, in today's trading the stock was down by 3.42 per cent after being locked in the 10 per cent upper circuit in the previous two trading sessions.
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Rupee ends lower; bonds shed gains
Mumbai: The rupee closed at 45.34/35 per dollar on Friday, lower by a couple of paise as compared to Thursday's close at 45.32/33. The domestic currency remained volatile throughout the day hitting an intra day low of 45.41 and swinging back to a high of 45.21 before settling at its closing levels.
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