HMT in top gear on buzz of F&O entry

-

HMT was locked at upper limit of 5% at Rs 163.50 at 12:28 IST on BSE on buzz the stock may be included in the futures and options segment of NSE.

The BSE Sensex was up 152.43 points, or 0.72%, to 20963.27.

On BSE, 13.97 lakh shares of the scrip were traded. The stock had an average daily volume of 4 lakh shares on BSE in past one quarter.

The scrip had touched a high of Rs 163.50, its all time high. The stock hit a low of Rs 148.10 so far during the day. The stock had hit a 52-week low of Rs 50 on 17 October 2007.

The scrip had outperformed the market in the one month to 7 January 2008, adding 58.44% as against the Sensex's 4.24% rise. It had also outperformed the market in the past three months, soaring 163.09% against the Sensex's 13.85% rise.

The state run tractor maker has an equity capital of Rs 517.90 crore. Face value per share is Rs 10.

Typically, stocks that enter the futures and options (F&O) segment are expected to gain ground due to improved liquidity, increase in institutional participation and absence of circuit filters

According to market buzz, some other stocks that are likely to enter F&O segment include Rashtriya Chemicals and Fertilisers (RCF) (down 5% to Rs 135.05), PTC India (down 3.76% to Rs 172.90), Hindustan Motors (down 7.15% to Rs 82.50), and Punjab Tractors (down 6.88% to Rs 322.35).

HMT reported net loss of Rs 3.24 crore in September 2007 as against net profit of Rs 88.09 crore in Q2 September 2006. Sales declined 0.7% to Rs 63.27 crore in Q2 September 2007 over Q2 September 2006.

HMT is engaged in the manufacture of machine tools, industrial machinery, watches, lamps, tractors, printing machines.

Popular posts from this blog

IOB capitalises on hike in stake by LIC

-
Indian Overseas Bank rose 1.53% to Rs 46.45 at 10:31 IST on BSE, after the biggest domestic instutional investors Life Insurance Corporation of India hiked its stake in the state-run bank. The bank made this announcement after trading hours on Wednesday, 25 March 2009. Meanwhile, the BSE Sensex was up 126.19 points, or 1.31%, to 9,794.09. On BSE, 31,003 shares were traded in the counter. The stock had an average daily volume of 1.93 lakh shares in the past one quarter. The stock hit a high of Rs 47 and a low of Rs 45.95 so far during the day. The stock hit a 52-week high of Rs 156.80 on 2 May 2008 and a 52-week low of Rs 37.55 on 9 March 2009. The mid-cap bank stock had underperformed the market over the past one month till 25 March 2009, falling 3.17% as compared to the Sensex's 8.60% rise. It had also underperformed the market in the past one quarter, declining 33.94% as compared to the Sensex's 1.04% rise. The bank's current equ The current price of ...
Read more

Lok Housing & Constructions builds on fund raising plans

-
Lok Housing & Constructions jumped 6.99% to Rs 107.90 at 11:20 IST on BSE ahead of a board meeting to consider fund raising options from both foreign and local market, including an institutional placement. Meanwhile, the BSE Sensex was down 50.50 points, or 0.30%, at 15203.73. On BSE, 1.86 lakh shares were traded in the counter. The scrip had an average daily volume of 4.74 lakh shares in the past one quarter. The stock hit a high of Rs 115 and a low of Rs 102 so far during the day. The stock had a 52-week high of Rs 390.50 on 1 January 2008 and a 52-week low of Rs 96.25 on 12 June 2008. The scrip had underperformed the market over the past one month till 12 June 2008, falling 26.55% compared to the Sensex's 10.18% decline. It had also underperformed the market in the past one quarter, falling 31.39% compared to Sensex's 3.24% fall. The small-cap housing projects developer has an equity capital of Rs 42.88 crore. Face value per share is Rs 10. The current...
Read more

Griffin Chemicals surges on re-listing

-
Griffin Chemicals was trading at Rs 29, up 2220% on re-listing after six years on Bombay Stock Exchange (BSE). The counter saw miniscule volume of 4769 shares. The stock opened at Rs 23, up 1740% against its last traded price of Rs 1.25 on 8 August 2002. The Griffin Chemicals stock was highly volatile today. It opened at Rs 23 and then rallied ahead to Rs 50 but soon eased to a low Rs 22. The surge in Griffin shares reminds of unprecedented rise in stock prices of KGN Industries on its re-listing day. KGN Industries, run by Ahmedabad-based Memon family, had re-listed at Rs 100 per share after nearly seven years in May 2008 this year. The stock had risen to a high of Rs 55,000.
Read more