Street Signs

The markets flip-flopped for much of the week, but even the dastardly bomb attacks in London on Thursday couldn't stop the indices from closing on a high. Even the frangipanis were not scared away, as they kept up the buying momentum.

But the Lord of the Ring took the cake this week for his sustained interest in the TV Today counter. The man bought more than 13 lakh shares of the company in two transactions.

While the first big deal consisted of 9.9 lakh shares at Rs 94.77, the second one consisted of 3.4 lakh shares at Rs 99.85. We must say that with the big man putting his stamp of approval on the media and entertainment sector, the stocks in the sector should witness a definite boost.

Also with the younger brother putting his might behind Adlabs Films recently, the sector is sure looking hot right now. The scrip incidentally has gained more than 20 per cent in the past one week alone.

TV Rating Fund was another one in action, buying more than 13 lakh shares of Moser Baer at Rs 208. With the June-quarter results just around the corner, that comes as no surprise. 

Stock of the Week Crest Animation
Last week's close (Rs)	176.28
Prev. week's close (Rs)	130.95
Week's high (Rs)	179.80
Week's low (Rs)	126.25
Last week's ave. daily turnover (Rs cr)	9.650
Prev. week's ave. daily turnover (Rs cr)	4.020
Futures close	NT
Number of up/down move	3/2

The company had taken an 81 per cent hit on its bottomline in FY05, which makes the fund hopeful of better times ahead. In desi fund action, Prudent Fund was a buyer at the MM Forgings counter, taking home 2.8 lakh shares at Rs 229 levels. Phoenix Fund was said to be the seller at the counter.