Stock Trading

BSE Mid-Cap Index touching new levels

The BSE Mid-Cap Index climbed up 33.74 points, or 0.53%, to close the day at 6,373.76. It also touched its lifetime peak of 6,397.15 during the day.

IVRCL Infrastructure (up 1.71% to 367.75), Amtek Auto (up 1.57% to Rs 420.75) and Great Eastern Shipping Company (3.68% to Rs323.65) were the main components contributing to the index's heave.

IVRCL Infrastructure, Divi’s Lab (which was down), Amtek Auto and Great Eastern Shipping Company have weightages of 1.58%, 1.44%, 1.41% and 1.36% respectively, in the BSE Mid-Cap Index.

Rajasthan Spinning should soon cross 130 levels with their current growth plans: Sanjay Chabria

According to Investment Consultant Sanjay Chabria, one should wait for some more time to get a return of 40-50% from current levels in RSWM. The company has good business model, and once the value of this stock starts moving up, it will cross Rs 130 without any problem.

Chabria stated, “Rajasthan Spinning new name is RSWM. It is part of the LNJ Bhilwara Group, it’s the leading manufacturer of synthetic yarn and fabrics in the country. The company has a well-established fabric brand Mayur Suiting in the domestic market. The company is undergoing a capacity expansion plan under which it will be investing Rs 900 crore for all its capex plans till FY2009.”

Nifty June 2007 Futures At Marginal Cut-Rate

The Nifty June 2007 futures settled at 4242, a discount of 6.65 as against spot closing of 4248.65
In the past fe sessions, the overall proceeds on NSE’s F&O division has been gaining ground. Today, it came up to Rs 41,733.11 crore than Rs 37,415.18 crore on 19 June 2007.

The Nifty July 2007 futures settled at 4235.10, a discount of 13.55 as compared to spot closing of 4248.65
SBI June 2007 futures settled at a premium, at 1435, compared to the spot closing of Rs 1428.25.
Reliance Capital June 2007 futures settled at a premium, at 1112.90, compared to the spot closing of Rs 1111.




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