Sensex up almost 100 points; RIL in demand
The market gained strength after a weak opening, as buying momentum resumed for the index pivotals, especially Reliance Industries (RIL). The BSE Sensex struck a fresh intra-day high of 13971.82
At 10:21 IST, the BSE Sensex was up 98.37 points to 13,970.08. It opened on a weak note at 13768.79 and slipped to an intra-day low of 13763.39 as selling continued in early trade.The total turnover on BSE amounted to Rs 1325 crore
The market breadth was strong on BSE with close to 3 gainers for every single loser. On BSE, 1752 shares advanced as compared to 577 that declined. 46 remained unchanged.
Among the Sensex pack, 17 advanced while the rest declined.
ICICI Bank was the top gainer, up 2.87% to Rs 916 on 2.18 lakh shares
Index heavyweight Reliance Industries (RIL) advanced 2.10% to Rs 1307 on 3.37 lakh shares. It moved in a range of Rs 1307.45 and Rs 1278.
Biocon Ltd fell 0.6% to Rs 373.65 after signing an MoU with Neopharma to establish a JV to manufacture and market a range of Bio-pharmaceuticals for the GCC countries.
Tanla Solutions attracts 38% premium on debut
Tanla Solutions was trading at Rs 365 in early trade on BSE, a premium of 37.7% over IPO price of Rs 265.The stock debuted at Rs 379.80 which was also its high so far. It hit a low of Rs 365. 3.9 lakh shares changed hands in the counter on BSE.
Tanla Solutions had priced its IPO at the upper end of the Rs 230 to Rs 265 price band.The current price of Rs 365 discounts its six months April-September 2006 annualised EPS of Rs 14.30, by a PE multiple of 25.5.
The paid-up equity capital is Rs 10 crore. The face value per share is Rs 2. Post issue promoter holding is 34.85%.FII holding in the scrip is 89.68 lakh shares which is 17.9% of the company’s equity capital.
S Kumars Nationwide Ltd rose 0.5% to Rs 79.35 after the board of directors of the company approved the business purchase agreement with Brandhouse Retails Ltd to acquire their retail business.
Pyramid Saimira Theatre was trading at Rs 152.80 in early trade on BSE, a premium of 52.8% over IPO price of Rs 100.
Dabur Pharma Ltd surged 6.4% to Rs 82 on announcing the launch of Nanoxel-a novel drug delivery system for the widely used anti-cancer drug Paclitaxel.
INOX Leisure Ltd climbed 1.6% to Rs 152.50 after the equity shareholders at the court convened meeting, approved the scheme of amalgamation of Calcutta Cine Pvt Ltd with the company.
Visualsoft Technologies Ltd rose 3.2% to Rs 89 on deciding to hold meeting of the shareholders, pursuant to the order of the High Court of Judicature, Andhra Pradesh, to consider the proposed amalgamation of the company with Megasoft Ltd.
At 10:21 IST, the BSE Sensex was up 98.37 points to 13,970.08. It opened on a weak note at 13768.79 and slipped to an intra-day low of 13763.39 as selling continued in early trade.The total turnover on BSE amounted to Rs 1325 crore
The market breadth was strong on BSE with close to 3 gainers for every single loser. On BSE, 1752 shares advanced as compared to 577 that declined. 46 remained unchanged.
Among the Sensex pack, 17 advanced while the rest declined.
ICICI Bank was the top gainer, up 2.87% to Rs 916 on 2.18 lakh shares
Index heavyweight Reliance Industries (RIL) advanced 2.10% to Rs 1307 on 3.37 lakh shares. It moved in a range of Rs 1307.45 and Rs 1278.
Biocon Ltd fell 0.6% to Rs 373.65 after signing an MoU with Neopharma to establish a JV to manufacture and market a range of Bio-pharmaceuticals for the GCC countries.
Tanla Solutions attracts 38% premium on debut
Tanla Solutions was trading at Rs 365 in early trade on BSE, a premium of 37.7% over IPO price of Rs 265.The stock debuted at Rs 379.80 which was also its high so far. It hit a low of Rs 365. 3.9 lakh shares changed hands in the counter on BSE.
Tanla Solutions had priced its IPO at the upper end of the Rs 230 to Rs 265 price band.The current price of Rs 365 discounts its six months April-September 2006 annualised EPS of Rs 14.30, by a PE multiple of 25.5.
The paid-up equity capital is Rs 10 crore. The face value per share is Rs 2. Post issue promoter holding is 34.85%.FII holding in the scrip is 89.68 lakh shares which is 17.9% of the company’s equity capital.
S Kumars Nationwide Ltd rose 0.5% to Rs 79.35 after the board of directors of the company approved the business purchase agreement with Brandhouse Retails Ltd to acquire their retail business.
Pyramid Saimira Theatre was trading at Rs 152.80 in early trade on BSE, a premium of 52.8% over IPO price of Rs 100.
Dabur Pharma Ltd surged 6.4% to Rs 82 on announcing the launch of Nanoxel-a novel drug delivery system for the widely used anti-cancer drug Paclitaxel.
INOX Leisure Ltd climbed 1.6% to Rs 152.50 after the equity shareholders at the court convened meeting, approved the scheme of amalgamation of Calcutta Cine Pvt Ltd with the company.
Visualsoft Technologies Ltd rose 3.2% to Rs 89 on deciding to hold meeting of the shareholders, pursuant to the order of the High Court of Judicature, Andhra Pradesh, to consider the proposed amalgamation of the company with Megasoft Ltd.
posted by SY at 12:20 PM
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