Soaring fortunes

INVESTING INSIGHT

The stocks of companies engaged in copper production had a strong run in the last three months on the Bombay Stock Exchange (BSE).

The good performance of companies in the first quarter of 2004-2005, along with relative ease in supply of concentrate, buoyant demand, firm prices and a weak dollar have kept the outlook positive.

The share price of Binani Industries witnessed a meagre gain from Rs 18 on June 1, to today's close of Rs 22.35, up 24.16 per cent on the Bombay Stock Exchange (BSE).

During the same period, the stock price of Hindustan Copper decreased from Rs 35.45 to Rs 29.60 down 16.50 per cent. Hindustan Zinc gained from Rs 80.90 to Rs 95.15, up 17.61 per cent.

The stocks of Precision Wires increased from Rs 41 to Rs 57.30, up 39.75 per cent and Shivalik Bimetal Controls moved from Rs 72 to Rs 134.44, a rise of 86.72 per cent.

Sterlite Industries depreciated as well from Rs 461.61 to Rs 514.35, a rise of 11.42 per cent while SWIL dropped minorly from Rs 9.50 to Rs 9.38, or 1.26 per cent.

The share price of Tinplate rose modestly from Rs 28.65 to Rs 38.90, up 35.77 per cent, and Galada Power & Telecom rose from Rs 1.75 to Rs 2.64, up 50.85 per cent.

Ram Ratna Wires closed around Rs 8.58 in June and rose to Rs 11.04 up 28.67 per cent. Gujarat Intrux rose from Rs 9.10 to Rs 14.24 a rise of 56.48 per cent.

Southern Ispat closed up at Rs 8.25 from Rs 6.50 a rise of 19.23 per cent.