indian stock market

BL Research Bureau Advertisement Here's what any investment Guru will advise a distraught investor in a bear market: "There are buys in every market." A sneak peek at the returns from stocks during recent months reveal even though the market continues to hit new lows, there are stocks that have gained as much as 100-150 per cent since the March lows. Among the BSE 500, while over 100 stocks have recorded positive returns over this period, the rest have declined. Significant Premium Corporate actions such as buybacks, open offers and takeover bids appear to be the major triggers for top gainers. Spice Communication tops the list having more than doubled over this period, on the back of the company's buyout by Idea Cellular at a significant premium to the prevailing market price. Orchid Chemicals, in which pharma major Ranbaxy mopped up a significant equity stake, also shot up by 120 per cent. SRF and Mastek have seen their respective companies buying back equi

Tata Steel rose 3.54% to Rs 690 at 13:15 IST on BSE on reports the company is looking at acquiring an iron ore mine in Western Australia to supply iron ore to Corus' plants. Meanwhile, the BSE Sensex was down 20.81 points, or 0.16%, at 13448.32. On BSE, 6.46 lakh shares were traded in the counter. The scrip had an average daily volume of 12.36 lakh shares in the past one quarter. The stock hit a high of Rs 692.90 and a low of Rs 660 so far during the day. The stock had a 52-week high of Rs 969.80 on 29 October 2007 and a 52-week low of Rs 471.07 on 17 August 2007. The scrip had underperformed the market over the past one month till 11 July 2008, falling 22.26% compared to the Sensex's 11.67% decline. It had, however, outperformed the market in the past one quarter, falling 3.76% compared to Sensex's 14.79% fall. The sixth largest steel producer in the world with 28.1 million tonnes of annual capacity has an equity capital of Rs 730.58 crore. Face value per