Financial Daily from THE HINDU group of publications
Tuesday, Dec 31, 2002
Financial Daily from THE HINDU group of publications Tuesday, Dec 31, 2002 |
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Markets
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Stock Markets Columns - Ear to the ground e-Serve Intl up on order talks
THE counter of business process outsourcing (BPO) company, e-Serve International, attracted some buying interest on Monday. According to dealers, large mutual funds were seen picking up the shares on the back of talks that the company is expected to see a major inflow of orders. The stock closed at Rs 572.05 on the BSE, up 3.33 per cent with volumes of 31,568 shares. On the NSE, the stock closed at Rs 572.05, gaining 3.59 per cent with 73,746 shares being traded.
Mastek sees volumes on BPO news
SIGNIFICANT volumes propped up the Mumbai-based software services company Mastek Ltd on the bourses on Monday. Dealers attributed the interest in the counter to an unconfirmed report that the company will soon announce its BPO plans. Here again, mutual funds were the most active buyers, dealers said. Mastek closed 2.47 per cent higher on the BSE at Rs 529.25 with 16.22 lakh shares being traded. On the NSE, the stock closed at Rs 528.95 up 2.40 per cent with 28.50 lakh shares.
IT&T upward trend continues
THE Delhi-based call centre and BPO services provider, IT&T continues be in the limelight with its counter recording strong growth in volumes. Sources claim, in spite of an official denial by the company, that the talk about a large IT firm taking an equity stake in the company persists. The counter has seen a sharp rise in both price as well as volumes. The stock closed at Rs 28.90 on the NSE, rising by almost 9 per cent with volumes shooting to 3.35 lakh shares. On the BSE, it closed at Rs 29.20, up 5.48 per cent with 90,502 shares being traded.
Neha Kapoor
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