Sensex crosses 10850: What's buzzing in small caps?

Published on Mon, Mar 13, 2006 at 11:21 |  Source : Moneycontrol.com

Updated at Mon, Mar 13, 2006 at 12:20  

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The markets opened today's trade with a bang. The Sensex was trading above 10850 and the Nifty was above 3200.

However, in the small cap space, there were not too many flyers around. But  Birla Power Solutions  was up nearly 7%, it was up 10% on Friday too. Today the stock clocked a volume of nearly 1 lakh shares and did more than 3.5 lakh shares on Friday. The volume is now closing on a 2 lakh figure, up about 8%.

Further, Indian Toners and Developers  was locked on a 10% upper circuit, it's been trading in the range of Rs 31-32. But today a breakout was seen from that range. It is a S Group stock with a market cap of about Rs 25 crore and locked on 10% circuit with about 60000 shares been traded.

On the paper side, there was  Yash Papers , again locked on a 10% upper circuit and this stock too was trading in a range of about Rs 10-10.5. Today this stock has broken out of that range. It is again a S Group stock, up about 7%; 25000 shares have traded and for this stock, volumes have been consistently above 50000.

Then there was  Faze Three Exports , which was locked in 10% upper circuit this morning. The stock had gained about 32% in three trading sessions. The stock has seen volumes of more than 50000 shares over the past seven days. It is a S Group stock with a market cap of about Rs 80 crore.

There were a couple of smallcap losers as well like J K Cements , which was down about 5%,  Gujarat Borosil  and Sanghi Industries , which was down about 5%.

 

  

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