Mixed fortunes

INVESTING INSIGHT

The stocks of companies engaged in the tiles, ceramics and sanitaryware business had a mixed run in the last three months on the Bombay Stock Exchange (BSE).

The scrips dipped in June, then recovered in July and look set to stay steady in the coming months if there was no policy change to let in cheap imports of finished goods.

Murudeshawar Ceramics witnessed a meagre drop from Rs 26.10 on May 3, to today's close of Rs 24.60, down by 5.74 per cent on the Bombay Stock exchange (BSE).

Kajaria Ceramics rose from Rs 80.00 to Rs 87.45 up 9.31 per cent. Orient Ceramics dipped from Rs 27.10 to Rs 26.00, down 4.05 per cent.

Spartek Ceramics slid from Rs 10.25 to Rs 8.39, down 18.14 per cent while Hindustan Sanitaryware slipped from Rs 130 to Rs 114.40, a decline of 12 per cent.

Anant Raj Industries appreciated from Rs 4.88 to Rs 5.65, a rise of 15.77 per cent while Regency Ceramics declined from Rs 32.04 to Rs 27.95, down 12.76 per cent.

The shares of Restile Ceramics rose modestly from Rs 3.91 to Rs 4.50, up 15.08 per cent. Bell Ceramics gained from Rs 12.68 to Rs 14.74, a rise of 16.24 per cent.

SPL fell from Rs 36.25 around Rs 31.75 down 12.41 per cent. The Pokarna scrip declined from Rs 75.80 to Rs 54.55 down 28.03 per cent.