Markets at a glance

TRADING DESK

The company acquired a $100 million US-based jewellery retail chain for about $40 million and has also increased its stake in Gili India to 65 per cent and entered into an agreement with Modern India to operate a chain of jewellery shops.

In June 2006, Gitanjali announced its plans to set up a 200-acre SEZ in Hyderabad to offer a diamond trading bourse in addition to common infrastructure for jewellery units. Its stock price has jumped by a whopping 52.36 per cent over the past month.

 

Stock of the week 

TVS MOTOR
Last week's close (Rs)	116.68
Prev. week's close (Rs)	96.15
Week's high (Rs)	120.35
Week's low (Rs)	97.75
Last week's ave. daily turnover (Rs cr)	52.85
Prev. week's ave. daily turnover (Rs cr)	7.96
Number of up/down move	4/1

The stock of TVS Motor Company shot up by 21.28 per cent after it reported a 32 per cent y-o-y increase in the sales of two wheelers in August.

Over the month the stock has moved up by 29.64 per cent. The company commands a 13 per cent market share in two-wheelers and dominates the moped market with 82 per cent share. The company has improved its performance substantially in the last few quarters.

In Q1FY07 too, the company