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Software stocks continued to gain on hopes of a US recovery. But the biggest gainers were two small-cap stocks
Gainers: Ador Fontech and Aarti Industries were the top performers in the long-term list with both gaining 11% each. Nava Bharat Ventures, Tata Consultancy Services and LIC Housing Finance gained 10% each. Infosys (up 5%) plans to acquire IT companies serving the energy and...
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...
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...