Oil & gas services soared, despite sluggishness in the price of crude oil. Education, office equipment and real estate also gained smartly. Healthcare was the worst performer, followed by oil & gas. Steel ended flat, despite signs of a revival in demand.
Insider activity was minimal last fortnight. The main promoters of Neocure Therapeutics were very active. Rajeev Reddy, chairman & MD, bought 3,25,855 shares; Siddharth Reddy, joint MD & CEO, bought 3,23,840 shares; and Varun Reddy, joint MD & COO, bought 3,57,727 shares. Each of them has a little over 2% stake in the company. Rakesh Bamzai, president (marketing) of Biocon, bought 1,81,320...
Nitta Gelatin is 80% owned by a Japanese company and its profits are growing fast
Nitta Gelatin Ltd (NGL) registered a terrific performance in 2008-09. Sales increased 25% due to increased production, better price realisation and improved sales mix. This is clear from the fact that while gelatine production increased 14% to 3,522 MT, gelatin turnover increased 30%. The pre-tax profit zoomed...
