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Niche
business helps Cranes Soft gain ground
Mumbai: The stock price of Cranes Software International,
a global scientific and engineering software solutions
provider, has been steadily gaining ground on the back
of sustained buying support. Brokers
maintain that strong fundamentals continue to drive investors'
interest in the counter. With the company scheduling to
announce its financial performance in the next few days,
the counter is expected to sustain its momentum.
The
stock has appreciated by almost 96 per cent from Rs 125-130
levels since May; it has, however, gained by only 6.25
per cent since October 14. The stock ended the day at
Rs 255.70 up 1.99 per cent with around 1.96 lakh shares
traded on the BSE.
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Hectic
activity in Sesa Goa
Kolkata: The Sesa Goa stock on Wednesday moved
up by over 12 per cent on major bourses with a surge in
traded quantity. The stock closed at Rs 414.90 (Rs 368.60),
after creating a 52-week high at Rs 431.80 on the Bombay
Stock Exchange with accompanying volumes of 4.36 lakh
(95,705) shares.
On
the National Stock Exchange, it logged a volume of 8.92
lakh shares, of which around 26.3 per cent was presented
for delivery. In the last six sessions, the stock has
gained Rs 110 or around 35 per cent. According
to brokers and dealers, mutual funds, portfolio management
schemes and institutions have turned their attention to
the counter on expectations of a robust growth. At today's
closing price, it traded at 34.6 times its earnings per
share in the trailing four quarters.
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Geodesic
Info: Space connection?
Mumbai: The stock of Geodesic Information Systems
rose to a new year-high on Wednesday though big shoppers
were not seen at the counter.According to the market grapevine,
the company is in talks with an associate of US space
agency NASA to do some work for them. The market was speculating
of even an equity tie-up. The stock set a new 52-week-high
of Rs 278.60 before closing lower at Rs 270. The closing
level was 1.75 per cent higher than its previous closing
of Rs 265.35 on the BSE
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