Mixed Bag

 Axis Bank leapt by 16% and LIC Housing Finance jumped by 12%. Idea Cellular declined by 5%

Gainers: LIC Housing Finance rallied 12%, continuing its most amazing run. It hit another all-time high last fortnight even as the market looked weak. We feel it has become overvalued and suggest exiting at handsome profits. Axis Bank was another stock to gain 16%. Infosys Technologies and Crisil rose...

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  • Still Rallying

    Axis Bank surged 16% on news of raising capital through NCDs; LIC HF rose 12% on favourable news including setting up a real estate venture fund

    Gainers: Axis Bank is planning to raise Rs2,000 crore via unsecured redeemable non-convertible subordinated debentures. The stock surged 16% over the fortnight. LIC Housing Finance is setting up a Rs500-crore (about $100 million) venture fund to...

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  • Selective Rally

    Infrastructure stocks were in demand. Noida Toll Bridge jumped 17% and IDFC was up 11%

    Gainers: Steel stocks got a fillip on rising demand from the construction and automobile sectors. Jindal Steel & Power Ltd surged 20%. BEML and Noida Toll Bridge Co Ltd soared 17% each as infrastructure companies continued to attract investor interest. Larsen & Toubro (L&T) has sold its entire stake of...

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