Lumax Industries in the limelight
Kolkata: The Lumax Industries stock on Monday scaled its new 52-week high at Rs 76.85 as auto ancillary counters hit the fast lane on investor attention. Fresh focus on Lumax stems from expectations that the company could well be one of the outsourcing points for global auto companies.

The emerging outsourcing possibility from India also aroused interest in other auto ancillary stocks such as Omax Auto, Munjal Showa, and Motherson Sumi. On Monday's closing price, the stock traded at 11.1 times its annualised half yearly earnings per share of Rs 6.90 for the current fiscal.
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Moser-Bear gets benefited by FII buying
Mumbai: The stock price of Moser-Baer has been hitting new 52-week high each day. On Monday, the stock touched new high of Rs 584. The main factor for increased interest, even at these levels is that several small and medium size companies in the CDs market have closed down and this has resulted in consolidation in the industry and rise in prices.

Earlier, a glut in production capacity had led to a sharp fall in prices of CDs, which drove many small and uncompetitive manufacturers out of business, except five players and Moser-Baer was among them. At that time, the stock price of Moser-Bear had fallen and several institutional investors exited the stocks. Now five players control 80 per cent of the industry's installed capacity and this has brought back the interest of various market players into these stocks. On Monday, the stock gained 5 per cent at Rs 319.40 on BSE with volume of 6,378 shares and on NSE it closed at Rs 319.75, up 5 per cent with volume of 9,776 shares.
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Steel stocks shine on price hike reports
Mumbai: After remaining stable for some time, steel stocks were back on fire today on expectation of price hike of various steel products. There was across the buying in most of the steel companies' shares. The major gainers included Essar Steel, Jindal Steel, SAIL, Mukand and Monnet Ispat.

The stock price of Essar Steel gained 16.76 per cent at Rs 20.55 on the BSE. Jindal Steel gained 9.95 per cent at Rs 399.40, while the Bhushan Steel stock closed at Rs 77.45, up 9.94 per cent. Larger steel companies gained too. The SAIL stock closed at Rs 42.55 up 7.45 per cent and Tata Steel gained 1.18 per cent at Rs 348.35.
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D-Link goes up on buying support
Mumbai: The stock of D-Link (India) Ltd hit the upper circuit on the bourses, registering new highs, on the back of sustained buying. The stock ended the day at Rs 167.60 up 20 per cent with around 15.4 lakh shares traded on the NSE. On the BSE, the stock closed at Rs 168.85 up 19.75 per cent with around 8.7 lakh shares traded. The stock has appreciated by more than 300 per cent from a low of Rs 41.55 on April 23, on the BSE.
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Rupee sheds 14 paise
Mumbai: The rupee lost another 14 paise on Monday to end the day at 45.885/895, with limited dollar inflows and demand from corporates picking up.
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