Bull-charge remains unabated

STOCK REPORT

The bulls charged up again backed by buying in pharma, oil & gas, metal, sugar and FMCG stocks. Buying was also seen in select mid-cap and small-cap scrips.

One of the major gainers was SRF, gaining over 15 per cent to Rs 328 after the company sold carbon credits worth Rs 95 crore after reducing carbon dioxide emission at its plants.

Bata India gained 11 per cent to Rs 236 after the company announced the fourth quarter results with net income at Rs 5.49 crore, the company had reported a loss of Rs 21.9 crore in its fourth quarter a year earlier.

Pharma scrips surged smartly, led by gains in Ranbaxy. The company announced another acquisition of a Belgium company after buying Romania's Terapia for $324 million.

The scrip was up at Rs 452. Aurobindo Pharma gained 3 per cent to Rs 685, Sun Pharma surged 6 per cent to Rs 908 and Cadila gained by 1.5 per cent to Rs 665.

Sugar scrips also advanced further. Oudh Sugar surged 6 per cent to Rs 223, Sakthi Sugar rose 7 per cent to Rs 224, KCP Sugar advanced over 6 per cent to Rs 71 and Simbhaoli Sugar rose 4 per cent to Rs 174.

Cement scrips recorded smart gains. ACC gained 0.50 per cent to Rs 783, Prism Cement added 4 per cent to Rs 33.80, Mysore Cements gained 4 per cent to Rs 49.65 and Madras Cement gained 2.70 per cent to Rs 2,147.

Tech stocks were in the limelight on expectations of impressive results. HCL Technologies gained 7 per cent to Rs 677, TCS gained 4 per cent to Rs 1,968, Wipro surged 5 per cent to Rs 570 and Rolta was up 2 per cent to Rs 272.

Zee Telefilms gained over 1.50 per cent to Rs 243, the company plans to split itself into three independent companies.