Street Signs

Big deals abounded last week as bulls ran amok at the side counters. After their recent exploits at the bluechip counters, bulls thronged around mid- and small-cap counters. With the result season getting to a close, the absence of a trigger is forcing many players to dig deeper for better returns. Not that big counters were devoid of big action.

Media major Zee Tele witnessed a really big deal involving 1.89 crore shares valued more than Rs 305 crore and constituting 4.5 per cent of the company's equity. The buyers at the Zee counter were said to be Castro Fund and its partners.

Castro Fund's newly launched equity scheme is buying into a lot of mid and small counters too. Infomedia India was one such stock, where the fund picked up 1.25 lakh shares at Rs 190.08. Apart from this Castro had interests in HEG, a leading exporter of graphite electrodes.

Castro is said to have bought the shares at Rs 135 levels from Merry Lunch. Singapoori Sarkar, too, was in thick of action too, buying 15 lakh shares of Colgate Palmolive at Rs 124 from frangipani TV Rating Fund.

Jeweller Fund was also seen in action at the Lloyd Electric & Engineering counter. The fund dumped more than a lakh of shares at Rs 91. In desi action, Home Maker Fund bought 1.25 lakh shares of engineering equipment stock Esab India at Rs 129 levels from Kodak Fund.