Markets at a glance

This constitutes 6.64 per cent of the company's total shareholding. Earlier, on March 21, Citigroup Global Markets Mauritius had brought 10.17 lakh shares of the company.

Banks and financial institutions now hold over 20 per cent of the scrip. The Mysore Cements stock has delivered around 58 per cent gain over the last month to close at Rs 48.13. There is a rumour of a possible takeover of the company by an Italian or a Swiss giant.

 

Stock of the week 

TRIVENI ENGINEERING
Last week's close (Rs	125.80
Prev. week's close (Rs)	98.15
Week's high (Rs)	130.22
Week's low (Rs)	98.00
Last week's ave. daily turnover (Rs cr)	66.97
Prev. week's ave. daily turnover (Rs cr)	26.24
Number of up/down move	5/0

The Triveni Engineering stock is on a roll. The scrip has jumped 28.1 per cent to settle at Rs 1256.65 followed by heavy volumes during the week.

In a month, it has gained 57 per cent. Ever since its maden public issue hit in the month of November 2005, the stock has appreciated 162 per cent over its issue price of Rs 48.

There was a rumour in the market that the company was demerging its businesses