NEW DELHI, FEBRUARY 21: Stocks bounced back on a major buying spree by foreign instituions following the announcement of a stock split by FMCG giant Hindustan Lever. The Delhi Stock Exchange index (base 1983) climbed up by 26.62 points at 1168.41. Investors completely ignored Friday's fall in the Wall Street and regional stock exchange.Led by FIIs, domestic investors including institutional ones, made a beeline for the hll counter as the copmpany informed stock exchanges that it would take up the issue of stock split at its board meeting on Wednesday. The proposed plans include splitting the existing equity shares into ten shares of Rs 1 each.
HLL will be the sixth company after Wipro, Zee Telefims, Infosys, HCL Tech and PSI Data Systems to split its shares. HLL flared up by Rs 200.90 to Rs 2712.65. SSI jumped by Rs 353 to close at Rs 5118, while Satyam Computers soared to Rs 286 at Rs 4963.90. Zee Telefilm ended the day at Rs 1476.15, up Rs 111.15, whereas Pentafour Software gained Rs 157.80 at Rs 2136.50 and DSQ Software rose by Rs 150.05 to Rs 2025.80.
While Global Telesystems moved up by Rs 149.30 at Rs 2059.30, Himachal Futuristic Communications Limited (HFCL) grew by Rs 93 at Rs 1554 and Digital Equipment surged ahead by Rs 104.05 to Rs 1454.05. Other gainers included Rolta India by Rs 69.65 to Rs 887.90, Ranbaxy Lab by Rs 64 to Rs 1029, HCL Infosystems by Rs 53 to Rs 941 and Silverline Industries by Rs 40.10 to Rs 1355.10. The losers included Dabur India and Glaxo India. While Dabur shed Rs 49.25 to Rs 1240, Glaxo India dropped Rs 26 to Rs 534.
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