Showing posts from November 11, 2007


Bliss GVS Pharma extends gains
Bliss GVS Pharma rose 1.13% to Rs 468 at 10:27 IST on BSE, on bagging an order worth Rs 25 crore for supplying anti-malarial drugs for African countries. The company made this announcement after the trading hours on Tuesday, 13 November 2007. Meanwhile, BSE Sensex rose 517.56 points or 2.72% to 19,554.65, as worries about the US credit crisis eased after several top US executives reassured investors that the US banking system could withstand shocks from credit-related losses. On BSE 580 shares were traded in the counter. The scrip had an average daily volume of 4,780 shares in the past one quarter. The stock hit a high of Rs 480 and touched a low of Rs 453 so far during the day. The stock had a 52-week high of Rs 515 on 31 October 2007 and 52-week low of Rs 35.65 on 15 November 2006. The small-cap scrip had outperformed the market over the past one month till 13 November 2007, gaining 17.81% compared to the Sensex's declining 0.12%. It had also outper…

Plans of preferential issue to promoters further fuel Essar Oil

Essar Oil surged 20.94% to Rs 146.45 at 13:22 IST after its announcement that a board meet will held on Friday, 16 November 2007, to consider further issue of securities to promoters.
Essar Oil stock had risen a staggering 34% on Wednesday, 14 November 2007.
Meanwhile, the BSE Sensex was down 101.34 points, or 0.52%, to 19,856.04 amid persistent worry that more fallout from the US housing downturn and US credit crunch lies ahead.
On BSE, 1.06 crore shares changed hands in the counter. The stock had an average daily volume of 15.21 lakh shares on BSE in past one quarter.
The stock hit a high of Rs 157.70 which is record high for the scrip. It hit a low of 132 so far during the day. The stock 52 week low of Rs 41.05 on 13 December 2006.
The scrip of mid-cap oil exploration firm outperformed the market over the past one month till 14 November 2007, surging 115.14% compared to the Sensex's return of 8.2%. It also outperformed over the past one quarter, rising 129.22% to Sensex's g…

Big B sees ten-fold surge in stock market wealth(Energy Development Company Ltd ) strong buy

MUMBAI: It's not only Ambanis and Mittals who are making big bucks on the bourses, even Bollywood superstar Amitabh Bachchan has seen his stock market wealth grow over ten-fold in just about two-and-half years.

Bachchan currently holds shares worth over Rs 23 crore in a company promoted by his friend and politician Amar Singh, from Rs 2.3 crore at the end of June 2005 quarter when he purchased these shares.

The actor used to be a promoter in Energy Development Company Ltd (EDCL) in 2005-06. While his shareholding stands unchanged at 10 lakh shares, he is no longer a promoter. This is probably the only listed company in India where Bachchan holds shares.

According to information available with stock exchanges, Bachchan figured among the promoters of the company between June 2005 and March 2006 quarters. But his name is among the shareholders holding over one per cent stake June 2006 quarter onward. The share price movement for the company, however, shows Bachchan has g…