Do you own these volume drivers?

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Do you own these volume drivers?

There has been as many as 147 stocks out of the total 500 BSE stocks that have beefed up their volumes by 100% and over between September 4-8, 2006.

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Asian Electroni BSE | NSE 30/05/12 Are Mutual Funds betting on Asian Electroni? Other Stocks in this news Apollo Tyres | Bata India | Bongaigaon Refineries and Petrochemicals | Kochi Refineries | Gammon India | Gujarat NRE Coke | Godfrey Phillips India | Hero Motocorp | CESC | Greaves Cotton | FAG Bearings India | Mahindra and Mahindra | Gillette India | Mangalam Cement | Pantaloon Retail | IndusInd Bank | Mahindra Satyam | Vesuvius India | Uttam Galva Steel | Strides Arcolab | Unitech | Steel Authority of India | Chennai Petroleum Corporation | Container Corporation of India | Rain Calcining | HDFC Bank | Hotel Leela Venture | Hikal | Bharti Airtel | Reliance Infrastructure | Jet Airways | Indraprastha Gas | Radico Khaitan | Gateway Distriparks | Amtek India | Finolex Industries | HMT | Dishman Pharmaceuticals & Chemicals | Bannari Amman Spinning Mills | Reliance Communications |

With markets falling over 350 points today and experts showing concern over weak volume, It is time to take stock of the stituation. As many as 147 stocks out of the total 500 BSE stocks have beefed up their volumes by 100% and over between September 4-8, 2006.

These 147 companies, some of them like Jet Airways , Vesuvius India , Container Corporation , HMT , Hikal , CESC , etc, have outperformed the Sensex in terms of volumes. The companies' volumes have increased between 100-3539.72%, while the Sensex have just gained by 64% in the same period.

According to experts, weakness in volumes is because of lack of commitment from the retail segment as they are the first ones to play safe when markets show uncertainty, like the one which was witnessed today.

On one hand experts talk about their concern on markets losing volumes, while on the other hand they feel that in this universe of less volumes, there are these above-mentioned stocks that have some positives playing for them.

They give their comments and views on soem off the 147 volume stories:-

Talking on Jet Airways, Mukarram Bhagat of ASK Raymond James told CNBC-TV18, that he would go for the stock. He said, "ATF (Aviation Turbine Fuel) is a significant part of their cost. The oil prices falling off by about 10% or so in the last few weeks is the big positive for them, as they were facing a lot of pressures in terms of pricing, margins, competitions. So all in all, this is some sort of positive sunshine. I think I would go for Jet."

Technical Analyst, Vijay Bhambwani is of the view that HMT has potential to go upto Rs 90-94.

Bhambwani told CNBC-TV18, " HMT has the potential to go above Rs 90-94 levels in an extremely optimistic kind of scenario. If one is sitting on losses then one could sack the counter and debit the loss down to learning experience and put that same money in some other counter."

Rahul Mohindar of Viratechindia is of the view that for long term CESC has target of Rs 320-325.

Mohindar told CNBC-TV18, "In CESC there is some major long term resistance right at the current levels. Rs 320-325 is the long term resistance. At current levels possibly one need to book some of profits out here and hold on to the rest. If this Rs 320-325 barrier is crossed then we could be looking at Rs 400 odd levels on the long term."

MD of Vesuvius India , Biswadeep Gupta, told CNBC-TV18, said, has had a capex plan of Rs 120 crore, out of which Rs 30-40 crore is already spent.

Check out the volume drivers on the next page.....