dkishore
21-11-2007, 07:57 AM
LNJ Bhilwara flagship co HEG hits new high
The LNJ Bhilwara group flagship company, HEG, on Tuesday shot up by 13% to Rs 435, outperforming the BSE’s Smallcap index which closed 0.2% up at 10,691. The scrip, in fact, hit a new high of Rs 454 during intra-day trading.
It has gained 62% in the past one month and 30% in one week. Listed as a small cap company, analysts are betting high that its investment in the group company Bhilwara Energy will fetch handsome returns for the former in coming years.
HEG holds a 40% stake in Bhilwara Energy which is planning to raise funds either by way of private equity or an IPO by the end of the current fiscal. The Bhilwara group is planning to make huge investment in various expansion projects in the energy sector through the power company.
There may be something political about it
You have "heard" it all — funds buying a particular stock, FIIs lapping up shares of a company and operators taking huge positions in certain stocks. But have you ever come across a stock that is doing well because a politician has entered it? If market sources are to be believed, the son of a hi-profile politician with considerable influence in the Konkan region, is said to be "bullish" in the scrip of Core Projects & Technologies.
According to dealers, Core Projects has been in thick of action following several brokerage firms initiating coverage and assigning a buy on the company. Shares of Core Projects ended marginally lower in line with broadmarket trend at Rs 263 on the BSE on Tuesday. The stock has appreciated 17% over last week.
ET
The LNJ Bhilwara group flagship company, HEG, on Tuesday shot up by 13% to Rs 435, outperforming the BSE’s Smallcap index which closed 0.2% up at 10,691. The scrip, in fact, hit a new high of Rs 454 during intra-day trading.
It has gained 62% in the past one month and 30% in one week. Listed as a small cap company, analysts are betting high that its investment in the group company Bhilwara Energy will fetch handsome returns for the former in coming years.
HEG holds a 40% stake in Bhilwara Energy which is planning to raise funds either by way of private equity or an IPO by the end of the current fiscal. The Bhilwara group is planning to make huge investment in various expansion projects in the energy sector through the power company.
There may be something political about it
You have "heard" it all — funds buying a particular stock, FIIs lapping up shares of a company and operators taking huge positions in certain stocks. But have you ever come across a stock that is doing well because a politician has entered it? If market sources are to be believed, the son of a hi-profile politician with considerable influence in the Konkan region, is said to be "bullish" in the scrip of Core Projects & Technologies.
According to dealers, Core Projects has been in thick of action following several brokerage firms initiating coverage and assigning a buy on the company. Shares of Core Projects ended marginally lower in line with broadmarket trend at Rs 263 on the BSE on Tuesday. The stock has appreciated 17% over last week.
ET