Renuka Sugars rose 18%, Jetking gained 15% and HCL was up 10%
Gainers: Shree Renuka Sugars gained 18% on expectations of a rise in sugar prices because of lower production. Jetking Infotrain gained 15%. HCL Technologies (up 10%) posted a rise of 3% in sales and 343% in operating profit in the June quarter over the same period last year. Crompton Greaves (up 8%) plans to enter the business of...
Emco Transformer is still cheap
With the acquisition of Urja Engineers in 2007, Emco Ltd entered the business of setting up electricity transmission lines of up to 765kv capacity with an increased tower manufacturing capacity of 45,000 metric tonnes (MT) per year. This has helped Emco become a total player in the engineering, procurement and construction (EPC) business of electricity...
Promoters of Raasi Cement are scripting a new story
One sector that has surprised everybody by its resilience is cement. Demand has been robust even in the supposedly lean last few quarters and new supplies are getting absorbed. In FY09, about 23 million tonnes (MT) of capacity went on stream, taking the total domestic capacity to 212MT. Cement consumption grew 11% nationwide in the...
