Stock Updates: A look at some buzzing stocks over the last week

by khalid on 15/10/2011 · 0 comments

Markets out of nowhere have performed exceptionally well with support from the global cues and a sense of stability that developed with some positive news coming in. At the Indian arena some stocks performed well and some were in the red although the market seemed to be bullish.

 Infosys was up 9% last week with a full support from the rupee depreciation. Amongst the currency fluctuation and market volatility the expectations were that the stock could plunge downwards. The problems in US and Europe were considered to be the ones which could have played a spoilt sport. The other players of the sector Wipro and TCS also saw an increase of 9% over the week.

Hathway Cables, Wire & Wireless, and the Den Networks saw a rally between 30 to 45% with the ordinance of digitization of cable networks being passed by the Union Cabinet. This new ordinance is set to improve the subscriber base boosting the revenues of the concerned companies in big way.

Wockhardt rallied by 11% with the court directing the company to repay the foreign currency bond holders with a deadline of the year 2012.

The company named Jubilant Foodwork was up 24% with the shares that had been dumped by the FII getting absorbed domestically with no major trouble creeping in. As the stock is expensive in its valuations it remains vulnerable to the sell offs for the time being.

 Bell the Bull says: Markets saw a decent recovery and some rally by the stocks above.

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