| Engineering scrips on fire |
| Deepak Korgaonkar / Mumbai January 21, 2006 |
| Stocks of engineering and construction companies were on fire on the Bombay Stock Exchange (BSE) today, with Larsen & Toubro (L&T), Bharat Heavy Electricals (BHEL), Bharat Electricals, Crompton Greaves, Siemens, ABB, Gammon India, Kirloskar Brothers, Reliance Industrial Infrastructures and KEC International trading at their lifetime highs. The hefty orders that engineering and construction firms have been receiving over the past few weeks acted as a trigger. Orders for capital goods companies have been pouring in from state and central governments as well as overseas entities. In the first three weeks of January, construction and engineering firms received Rs 4,000 crore new orders. Siemens today hit the roof at Rs 4,146.55 intra-day before closing at Rs 4,102.80. The stock gained 10.66 per cent against its previous day |
