TopNews

Canara Bank has topped the gainers list on Bombay Stock Exchange (BSE).

IFCI topped the volume charts on BSE with 89.56 lakh shares.

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.

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.”

Apple is certainly playing “iPhone” card and it is playing perfectly well. The best thing about Apple Inc.'s iPhone launch games is the way it is handling its marketing.

The company first unveiled the music playing iPhone in January, then came a mysterious teaser commercial for it during the Academy Awards six weeks later, and then came out a little few other details.

On market talk of a share buyback, Blue Dart Express zoomed 13.70% to Rs 794.75. The share price had beaten a high pressure of Rs 799.90 that is also its 52-week high, and a low of Rs 633 during the day thus far.
The company’s 2.65 lakh shares were traded on Bombay Stock exchange. In the past one quarter, the scrip had an average daily volume of just 6,011 shares on BSE.
The Blue Dart Express scrip had made 54.40% to Rs 699 on 19 June 2007 over the past one month. It appended 60.37% to Rs 699 within the past three months. The scrip had also touched a 52-week low of Rs 405 on 20 June 2006.