High on Sugar

Two stocks from our long-time favourite sector, sugar, made huge moves. Shree Cement surprised again

Gainers:
Deficient rains are likely to delay cane crushing by one month. Meanwhile, in the international markets, sugar hit a 28-year high. Sugar has been our favoured sector for a long time. Shree Renuka Sugar gained 18% and Balrampur Chini Mills was up 11%. Shree Cement posted a growth of...

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  • Selective Rally

    Strong June-quarter results sparked a rally in Patni Computer (up 29%) and Glodyne Technoserve (up 21%)

    Gainers:  A positive currency movement and cost-cutting helped Patni Computer post a growth of 18% and 75% in sales and operating profit in the June quarter. However, Patni has given a muted guidance for the September quarter; the company expects net income to be in the range of Rs109...

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  • Marching Ahead

     

    Financial Technologies rose 31%, Jaiprakash rose 30%, Nava Bharat 24% and Wipro 20%

    Gainers: Financial Technologies has sold 5% stake in MCX Stock Exchange (MCX-SX) at Rs35 per share to IFCI for Rs250 crore in line with its strategy to bring down its holding below 51%. The stock shot up 31%. Jaipraksh Associates and Nava Bharat Ventures gained 30% and 24%, respectively. Wipro posted a 12%...

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