DSQ Software and Silverline Technologies, two stocks considered to be Ketan Parikh's favourites, and which had fallen on bad days after the tech bull was arrested, are back in the limelight. |
Indeed, the average daily volume in DSQ Software has shot up 407 per cent in the last three days, over the average daily volume in the preceding three months. |
The average daily volume on the BSE and the National Stock Exchange in the DSQ Software scrip has increased from 1,56,776 shares to 7,96,057 in the last three days. |
Similarly, the volume in Silverline Technologies have jumped 95 per cent over the same period. The Silverline stock, which is traded on the BSE only, had an average daily volume of 4,71,517 shares in the three months immediately prior to last Friday, December 5, but the average daily volume has shot up to 9,20,333shares in the last three days. |
DSQ Software, for instance, closed at Rs 11.85 on the Bombay Stock Exchange today, while the Silverline stock closed at Rs 6.55. |
The Himachal Futuristic stock, considered another Ketan favourite, has recorded four per cent higher volume in the last three days than in the preceding three months. |
But market sources said "since the counter is active, with relatively larger volumes on normal days, stock cornering will take some time to show up." Other K-10 stocks are however showing no signs of hyper activity. |
None of the market sources contacted for this report wished to be identified. |
Sources pointed out that none of the K-10 stocks is in default as regards compliance with the exchange's listing agreement. |
"The fact that they have been picked out of the Z group and moved into the T group is not lost upon the markets," one broker pointed out. |
Incidentally, seven of the K-10 stocks are now parked in the T segment whereas Ranbaxy and Geometric Software are in the BSE's A group. DSQ Software is in the B2 group. |