Still Holding Up

The Budget spooked bank stocks on fears of higher government borrowing; PSUs like GAIL and SAIL did better

Gainers: Jain Irrigation has received a contract worth Rs158 crore from various Coca-Cola bottlers to supply mango pulp for the 2009-10 season from its two processing plants located in Jalgaon, Maharashtra and Chitoor, (Andhra Pradesh). The stock gained 15%. Gas Authority (GAIL) plans to...

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  • Under Pressure

    Jain Irrigation and Gas Authority were among the surprising winners in a bleak fortnight

    Gainers:
    Jain Irrigation Systems has received a contract worth of Rs158 crore to supply mango pulp to Coca-Cola plants for the 2009-10 season. The stock gained 15% on the news. GAIL (India) plans to raise Rs2,000 crore as a part of its new pipeline laying programme across the country. The stock surged...

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  • Flagging

    Ceat Tyres was a stunning winner among momentum stocks in a market where the slide is gathering speed. BEML rose 10% and is worth watching

    Gainers: While we had identified Ceat Tyres as a momentum play, it was a surprisingly powerful gainer last fortnight shooting up 22%. Bharat Earth Movers (BEML) posted a growth of 20% and 68% in sales and operating profit, respectively, in March 2009...

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