Sugar stocks surged on fears of global output decline. Wipro and Infosys rose on expectations of more outsourcing business
Gainers: Global sugar output is feared to go down resulting in a spurt in sugar prices. Balrampur Chini Mills gained 22%. Shree Renuka Sugars was up 18%. Wipro BPO, an arm of Wipro Technologies, is discussing outsourcing contracts with some of the Fortune 500 companies....
LIC Housing surged 13% and Crisil was up 12% while Educomp, Sun and Cairn India were up 11% each
Gainers: LIC Housing Finance surged 13% on reports that the company will raise capital by issuing one crore shares through the qualified institutional placement route. Crisil jumped 12%. Educomp Solutions, Sun Pharmaceuticals and Cairn India gained 11% each. Hero Honda posted a 22.5% increase in...
Financial Technologies surged 74% on successful setting up of new exchanges around the world. Ceat Tyres shot up 51%; Shiv-Vani Oil & Gas gained 44%
Gainers: The biggest gainer among our momentum stocks was Financial Technologies (FT); it was up a humungous 74% as the market-players slowly started to realise FT’s strength in setting up new exchanges around the world. We had introduced Ceat...
