Firm gains

INVESTING INSIGHT

Shares of copper producing companies have gained in last three months on the Bombay Stock Exchange (BSE). The increase in demand for copper coupled with increase in product prices have pushed up prices.

Binani Industries jumped from Rs 16.60 on July 1, to today's close of Rs 27.10, up 63.25 per cent on the Bombay Stock exchange (BSE).

Hindustan Copper shot up from Rs 33.15 to Rs 43.05, up 29.86 per cent, while Hindustan Zinc increased from Rs 77.00 to Rs 125.70 up 63.24 per cent.

Precision Wires gained from Rs 41.20 to Rs 70.65, up 71.48 per cent.

Shivalik Bimetal Controls gained from Rs 74.45 to Rs 164.60, up 12.10 per cent.

Sterlite Industries increased from Rs 464.89 to Rs 628.65, up 35.22 per cent, while SWIL moved up from Rs 8.44 to Rs 15.60, up 84.83 per cent.

Galada Power & Telecom rose from Rs 2.04 to Rs 3.59 while Ram Ratna Wires increased from Rs 8.50 to Rs 12.04 and Gujarat Intrux rose from Rs 11.00 to Rs 16.14. Southern Ispat increased from Rs 5.24 to Rs 7.93.

Demand from China as well as a steep inventory shortage is propping up the copper prices.