Dabur India winner in 'A' group
Dabur India surged 10.08% to Rs 171.50, and was the top gainer from the ‘A’ group.
The counter clocked 12.07 lakh shares on BSE. The stock had been witnessing a pre-results' rally in the past few days, amid huge volumes, anticipating strong results. Dabur India’s board of directors will meet on 19 January 2007, to consider the financial results for Q3 December 2006.
In a bid to tap the nascent soya beverage market valued at around Rs 2.5 crore in the country, Dabur Foods (Dabur India’s subsidiary) has already launched ‘Activ’ fruit soya juice, priced at Rs 82 a litre. It has three variants involving soya as a key input and these include kiwi, blackcurrant and peach apricot.
The company wants to focus on modern retail trade and A-class outlets for this product. It will restrict it to the top-10 metros, and eventually top-23 towns.
Finolex Industries advanced 6.74% to Rs 91, anticipating robust results. It hopes to maintain its PVC pipes sales growth in 2006-07 at last year's level of 24%. The company will declare its Q3 ended December 2006 results on 29 January 2007.
Rolta India jumped 6.39% to Rs 323.65, on sustained buying interest for the counter. Recently, a brokerage house came out with a “buy” recommendation on Rolta India, with a price target of Rs 350. Rolta is a leading provider of Geospatial Information systems, engineering solutions and services. It could benefit from the unravelling of the tremendous potential of the GIS market expected to cross $ 1 billion in another five years. It expects 37% growth in revenues in the next three years, driven by new service offerings, geographic expansion and deeper cross-selling opportunities.
Welspun Gujarat Stahl Rhoren surged 6.38% to Rs 112.55. Recently, the company signed a deal with Volzhsky Pipe Plant (VTZ), of the TMK Group, Russia, for a joint venture (JV) to produce large diameter pipes for use in the oil and gas industry. Welspun's 40% stake in the JV was in the form of capital equipment supplied by it, while TMK transferred the assets of its large diameter pipe business as its share of the equity.
PSU shipping major Shipping Corporation of India (SCI) gained 5.67% to Rs 179.75, on value-buying.
The counter clocked 12.07 lakh shares on BSE. The stock had been witnessing a pre-results' rally in the past few days, amid huge volumes, anticipating strong results. Dabur India’s board of directors will meet on 19 January 2007, to consider the financial results for Q3 December 2006.
In a bid to tap the nascent soya beverage market valued at around Rs 2.5 crore in the country, Dabur Foods (Dabur India’s subsidiary) has already launched ‘Activ’ fruit soya juice, priced at Rs 82 a litre. It has three variants involving soya as a key input and these include kiwi, blackcurrant and peach apricot.
The company wants to focus on modern retail trade and A-class outlets for this product. It will restrict it to the top-10 metros, and eventually top-23 towns.
Finolex Industries advanced 6.74% to Rs 91, anticipating robust results. It hopes to maintain its PVC pipes sales growth in 2006-07 at last year's level of 24%. The company will declare its Q3 ended December 2006 results on 29 January 2007.
Rolta India jumped 6.39% to Rs 323.65, on sustained buying interest for the counter. Recently, a brokerage house came out with a “buy” recommendation on Rolta India, with a price target of Rs 350. Rolta is a leading provider of Geospatial Information systems, engineering solutions and services. It could benefit from the unravelling of the tremendous potential of the GIS market expected to cross $ 1 billion in another five years. It expects 37% growth in revenues in the next three years, driven by new service offerings, geographic expansion and deeper cross-selling opportunities.
Welspun Gujarat Stahl Rhoren surged 6.38% to Rs 112.55. Recently, the company signed a deal with Volzhsky Pipe Plant (VTZ), of the TMK Group, Russia, for a joint venture (JV) to produce large diameter pipes for use in the oil and gas industry. Welspun's 40% stake in the JV was in the form of capital equipment supplied by it, while TMK transferred the assets of its large diameter pipe business as its share of the equity.
PSU shipping major Shipping Corporation of India (SCI) gained 5.67% to Rs 179.75, on value-buying.
posted by SY at 6:38 PM
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