Cheaper inputs help

INVESTING INSIGHT

The stocks of companies engaged in the rubber manufacturing business had a mixed run over the last three months on the Bombay Stock Exchange (BSE).

Scrips ruled high in June and mid-July but came down in August with the rubber prices dropping.

The share price of Apcotex Lattices witnessed a meagre drop from Rs 34.10 on May 3, to today's close of Rs 30.50, down 10.55 per cent on the Bombay Stock exchange (BSE).

During the same period the stock price of Champagne Indage decreased from Rs 42.10 to Rs 33.29 down 20.92 per cent while Apar Industries gained from Rs 52.60 to Rs 56.20, up 6.84 per cent.

The stocks of Puneet Resins decreased from Rs 2.29 to Rs 1.55 as on August 11, down 32.31 per cent and Rishiroop Rubber International moved up from Rs 3.85 to Rs 4.25, a rise of 10.38 per cent.

Rubber Products appreciated as well, from Rs 3.80 to Rs 3.95, a minor hike of 3.94 per cent and Elgitread rose from Rs 26.75 to Rs 28.35, up 9.24 per cent.

The share price of Indag Rubber doubled from Rs 4.00 to 8.36, and Mahalaxmi Rubtech dropped from Rs 0.98 to Rs 0.89, a drop of 9.18 per cent.

Rubfila International closed Rs 1.65 in May and declined to Rs 1.44 down 14.79 per cent. Pix Transmissions rose from Rs 5.40 to Rs 5.82 a rise of 7.77 per cent. Vamshi Rubber closed down from Rs 3.00 from Rs 1.40 a decline of over 50 per cent.