Gainers
Of the 64 companies in our medium-term list, 25 ended the fortnight in the positive when the Sensex was down 135 points. Minda Industries, which makes automotive parts such as electrical switches and lightings, performed really well, leaping by 22%. Apparently, it is about to sign a deal with a US-based manufacturer for a Rs250 crore order. Managing director, NK Minda, was quoted as...
Gainers
Among our list of 86 stocks, Minda Industries did the best, up 22%, because the market was excited about its probable new large orders and overseas acquisition. High prices of crude oil meant that Cairn India, the only pure exploration listed company, rose 20%. The consensus among the steel companies and the government to lower the steel price had no negative effect on the price of...
CRR hike dampens sentiment on real estate
There have been five years of property boom in India. Rising income levels, changing demographics, cheap mortgages and a robust economic outlook had been fuelling the demand for housing. However, macro-economic fundamentals have changed in the past few months and the impact of this on the real estate market is increasingly becoming evident as we head...
