The stock remained almost flat with a minor decline of 0.78 per cent to close the week at Rs 164.85. However, it is attracting substantial interest from FIIs and institutional players.
During the week, UBS Securities Asia and Morgan Stanley & Company Intl bought 20.54 lakh and 20 lakh shares respectively.
In March 2006, Reliance Capital Mutual Fund acquired about 20 lakh shares. It has delivered 13.89 per cent returns over the last month.
Stock of the week
TVS Motors surged on the bourses by attracting huge volumes on the back of robust sales in March 2006 and a buy recommendation by a leading brokerage firm. The stock jumped 22.6 per cent during the week to settle at Rs 171.70 after hitting an all-time high at Rs 186.7 during intra-day trade on Wednesday. The company's total two-wheeler sales increased 21 per cent to 1.28 lakh units in March 2006, largely driven by the success of the launch of new models. It plans to set up a new plant in Indonesia to cater to the demand from the fast-growing Asean and African markets and also foray into three-wheelers. | ||||||||||||||||
