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THE counter of automotive major Tata Engineering attracted substantial institutional interest on Thursday. Interest in the counter came mainly in the form of FII buying, primarily on hopes of good financial performance of the company in the next financial year.

Dealers said the company is understood to have set aggressive sales target for its car in the next fiscal and this has impressed several FIIS.

The Tata Engineering stock closed at Rs 159.40 on the BSE, gaining 4.18 per cent with around 4 lakh shares being traded. On the NSE, the stock rose 4.05 per cent to close at Rs 159.25 with trading volumes 14.81 lakh shares.

Polaris, Mastek attract foreign funds

POLARIS Software Labs and Mastek gained sharply on Thursday in comparison to the overall market and other technology stocks.

Dealer said the significant rise in these counters was due to heavy buying by foreign funds that enter the market in times of crisis and panic when there are very few buyers.

Moreover, these stocks had fallen over the last couple of weeks and this added to their attractiveness.

Polaris closed the day at Rs 132.90 on the BSE, rising 10.47 per cent with 23.47 lakh shares being traded. On the NSE, the stock gained 10.41 per cent closing at Rs 133.15 with 59.94 lakh shares traded.

Mastek gained 8.08 per cent on BSE, closing at Rs 563.45 and 12.34 per cent on the NSE with a close of Rs 585. Trading volumes for the stock stood at 28.67 lakh and 43.52 lakh shares on BSE and NSE respectively.

Neha Kapoor

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