Mixed fortunes

INVESTING INSIGHT

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

The Godrej Foods share witnessed a meagre gain from Rs 4.15 on May 3, to yesterday's close of Rs 4.19, up 0.96 per cent on the Bombay Stock exchange (BSE).

KSE rose from Rs 80.55 to Rs 88.00, up 9.24 per cent. Parker Agrochem rose modestly from Rs 2.44 to 2.94, up 20.49 per cent.

SM Dyechem rose from Rs 2.04 to Rs 2.14, a rise of 4.90 per cent. Vardhaman Industries rose from Rs 8.05 in May to Rs 9.15, up 13.66 per cent. AVT Natural Products rose from Rs 20.70 to Rs 32.50 a rise of 57 per cent.

Gujarat Ambuja Exports rose from Rs 37.79 to Rs 37.85 and Agro Tech Foods to Rs 51.25 from Rs 48.30, up 6.10 per cent.

During the same period the stock price of IVP decreased from Rs 32.00 to Rs 27.10 down 15.310 per cent while Jhunjhunwala Vanaspati gained from Rs 3.00 to Rs 7.15, up 138.33 per cent.

K S Oils fell from Rs 8.69 to Rs 8.22, down 5.40 per cent. Indian Extractions moved down from Rs 5.65 to Rs 3.66, or 35.22 per cent.

Madhusudan Industries depreciated from Rs 6.83 to Rs 6.25, down 8.49 per cent.

Vimal Oil closed down at Rs 17 from Rs 18.14 a decline of 6.28 per cent. Ruchi Soya declined from Rs 72.05 to Rs 61.85 down 14.15 per cent.

Amrit Banaspati fell to Rs 14.40 from Rs 16.64, down 13.46 per cent.The solvent extraction business is dependent on a healthy monsoon which will provide it with the raw material in the crushing season.