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Trading Spotlight
Wednesday, September 12, 2007
Stocks Up:
Time Technoplast
Stock up 20%;del vol of 18.6%
NSE vol of 11.77 lakh shares Vs 10-day avg of 1.24 lakh
Made a 52 wk high of Rs 734.2; Market hopes for a dividend from the company:BS
Fund Action:
Sundaram MF-Growth buys 1.3 lakh shares @ Rs 695.5/sh
MIC Elec
Stock up 10%;del vol of 13.5%
NSE vol of 20.89 lakh shares Vs 10-day avg of 4.35 lakh
Intraday swing of 16%; Made a 52 wk high of Rs 491
Fund Action:
Goldman Sachs buys 1.23 lakh shares @ Rs 403.6/sh on 20th Aug
Neyveli Lignite
Stock up 9.45%;del vol of 15%
NSE vol of 1 cr shares Vs 10-day avg of 24 lakh
Made a 52 wk high of Rs 93.7; 32% up in 13 days
In FnO, it added 38 lakh shares in OI Vs a 4 day average of 80 thousand;
Valuation is at FY08 PE of 13.7 Vs 13.9 of PGC and 20-24 of REL, Tata Power and NTPC
PGC is not strictly comparable as it is into transmission
Binani Ind
Stock up 9%;del vol of 39.8%
NSE vol of 4.78 lakh shares Vs 10-day avg of 1 lakh
Still 55% off its 52 wk high of Rs 407;
Stocks Down:
Geojit Financial
Stock down 4.4%;del vol of 48.65%
NSE vol of 7.6 lakh shares Vs 10-day avg of 2.6 lakh
Profit Booking in brokerage firms;
IL&FS and JRG Securities have PE valuation of 10-11 when compared to the 30's of others
Jaiprakash Hydro
Stock down 3.3%;del vol of 49.6%
NSE vol of 49.27 lakh shares Vs 10-day avg of 77.3 lakh
In a consolidation mode after the stock went up 18% recently