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Hindustan
Motor witnesses huge volumes
Kolkata: The Hindustan Motor stock continued to
witness huge volumes on major stock exchanges. The stock
has been enjoying increased attention from a section of
brokers and traders as speculative news buzzed around
the counter. The company had entered into agreements with
Ford India Ltd and General Motors India Ltd for supply
of engines and transmissions.
The
stock recorded a volume of 1.27 crore shares on the NSE
and around 71 lakh shares on the BSE. The stock price,
after touching a day's high at Rs 19.39, finished 3.37
per cent lower than the previous closing on the BSE. About
31.28 per cent of total traded shares on the NSE was presented
for delivery.
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IPO
talks come to Andhra Bank's rescue
Mumbai: The stock market grapevine was abuzz with
news that the Hyderabad-based Andhra Bank is planning
a public offer of equity. The speculation drove a number
of investors to the counter who lapped up the stock. A
couple of mutual funds were reported to have picked up
the bank's shares in large quantities.
While
the grapevine even speculated on the premium that the
bank would charge on its shares, one source said the issue
is quite premature and no details worked out yet. The
Andhra Bank share closed at Rs 45.10, which was Rs 3 or
more than 7 per cent higher than its previous close on
the BSE. Trading volume on the exchange climbed to a little
over 3.7 lakh shares. The volume stood at about 26 lakh
shares on the NSE.
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Balaji
Telefilms hopeful
Mumbai: Balaji Telefilms Ltd continued its upturn
on the stock exchanges primarily buoyed by reports of
a hike in the realisations on the company's programmes
by leading broadcasters. alaji's shares ended the day
at Rs 84.30, up 8.35 per cent with around 8.91 lakh shares
traded on the BSE. On the NSE, the stock ended the day
at Rs 83.75, up 7.93 per cent and 23.63 lakh shares were
traded.
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Rupee
up 5 paise
Mumbai: The rupee closed around five paise stronger
on Friday ending at 45.84/85 to the dollar compared to
Thursday's closing price of 45.8850/89.
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