Paper scrips outperform Sensex
Major paper stocks have outperformed the Sensex in the past one month. Ballarpur Industries, ITC Bhadrachalam, Tamilnadu Newsprint, Orient Paper and Andhra Pradesh Paper Mills have witnessed substantial gains in both prices and volumes.
Mumbai bourse to issue third notice to Nestle
BSE has decided to dash off a third showcause notice to Nestle following dissatisfaction over the latter's contention that being a multinational it has to first intimate its parent company, its offices worldwide and financial institutions which hold a stake in the company before it can inform the local stock exchanges.
Rally percolates to second-rung information-technology stocks
The rally in information-technology (IT) scrips has percolated to the second-rung infotech companies, with several stocks scaling new highs. The buying interest in these scrips has been aided by expectations of good results for 1997-98.
Stocks block road to oil-price recovery
Bloated world petroleum stocks are likely to inflict more months of price pain on oil producers despite agreement among them to trim supplies. A rare first quarter stock build this year has glutted oil storage tanks, blunting the effect of this month's ground-breaking pact by Opec and non-Opec producers to cut back output.
Anagram Wellington hopes to raise Rs 70 crore
A joint venture between Anagram Finance Ltd and Singapore-based Wellington International Management Company, Anagram Wellington Asset Management Company (AWAMC) plans to mobilise around Rs 50-70 crore in fiscal 1998-99. This is a whopping 733% increase over the amount mobilised through its maiden scheme launched in 1997.
