TATA MOTORS ended with a solid gain of 5.60 percent and closed at 1209 rupee. The stock has never gained more in one day since May 10. 2010, when it was up 6.72 percent. Technically it also looks good. The stock is trend wise positive in the medium term, but is approaching the resistance at 1360 rupee. PTC INDIA closed at 98.25 rupee after posting a gain of 11.71 percent. The stock has never gained more in one day since Oct 14. 2009, when it was up 20.82 percent. The volume was also very high. At session end it was bought and sold shares for about 167 million rupee in the stock, which equals 15 times mean daily turnover. Technically it also looks good. The stock is trend wise positive in the medium term, has marginally broken up through the resistance at 98.00 rupee and a further increase is indicated. MARICOLTD rose sharply to close at 122 rupee, up 4.90 percent. The previous time the stock gained this much was Jun 23. 2010, when it closed up 7.79 percent. It does, however, not look good technically. The stock is assessed as technically slightly negative for the medium long term. UNITD SPR closed at 1149 rupee after posting a gain of 14.76 percent. We must go back to Jan 28. 2009 to find an equally strong rise. That time the stock gained 15.17 percent. The volume was also high. At session end it was bought and sold shares for about 244 million rupee in the stock, which equals eight times mean daily turnover. Technically, however, it does not look good. The stock is trend wise negative in the medium term and a further decline is indicated. 2135 shares were up and 351 were down, while 38 remained unchanged, and there was no trading in 225 shares. VINTRON INF. was the share that performed the best. The share showed a total gain of 20.0 percent and closed at 4.44. GEOD LTD, OM MET INFRA and RATHI GRAPH. also did very well, with gains of 20.0, 20.0 and 20.0 percent, respectively. KNR CONST was the share that performed the poorest. The share showed a total loss of 13.0 percent and closed at 112.55. ASIT C FIN, EPIC ENZYMES and SUNTECK REAL also performed very poorly, with losses of 12.3, 11.2 and 10.0 percent, respectively. The most actively traded shares were GITANJALI GE with a turnover of 1350 million, ACC LTD, with a turnover of 1253 million, and STATE BANK, with a turnover of 1206 million. Total value of the trading volume for shares and primary capital certificates Monday was approximately 32.3 billion. |
Post a Comment