Tata Tea
Friday's closing price: Rs 186.25
Previous week's closing: Rs 161.55
* Tata Tea has been in the limelight recently due to rising tea prices in the international markets. With a global crop shortage this year, domestic prices are expected to firm up as the local players focus on export markets. Punters have been accumulating the stock since the past couple of weeks. Analysts expect the counter to remain buoyant in the coming days.
Mahindra & Mahindra
Friday's closing price: Rs 109.30
Previous week's closing: Rs 95.95
* If market sources are to be believed, the company is in the process of obtaining a defence order. If procured, this order should take care of the offtake of the company's utility vehicles for the next 4-6 months.
Besides, there are unconfirmed reports that the company may be getting an export order. Other than these factors, the scrip has run up in anticipation of healthy fourth quarter results to be announced next week. Analysts expect the company to throw some light on the 'Scorpio' launch when the annual results are announced.
BPCL
Friday's closing price: Rs 248.15
Previous week's closing: Rs 280.45
* The stock went up 13 per cent during the last one week as war fears receded and the markets rebound. The scrip fell from Rs 305 to Rs 245 in a month's time following border tensions and on the news that the divestment process could be delayed. The scrip recouped some of its losses with funds buying into the stock again at lower levels. The stock could some more gains this week.
Ballarpur Industries
Friday's closing price: Rs 49.80
Previous week's closing: Rs 41.10
* With the three per cent rise in paper prices since January this year, there has been lot of buying interest at the Ballarpur Industries counter. Being the largest paper producer in the country, the company has benefited due to the rise in prices as well as increase in volume off-take. After the recent steep appreciation in the share price, analysts expect some technical correction during the next couple of days.
Oriental Bank of Commerce
Friday's closing price: Rs 43.30
Previous week's closing: Rs 47.80
* Riding on the surge of investor interest in banking stocks, this scrip gained over nine per cent over the past week. Banks have turned in an impressive performance last fiscal boosted by the income from their treasury operations. Also the expectations that the government could divest a part of its holdings in public sector banks are driving up stock prices of these banks.
Many analysts are bullish on the banking sector with the credit offtake likely to improve in this fiscal. So, banking stock prices are likely to continue to gain in the near term.
