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Stocks which have withstood market volatility
There has been a lot of chaos happening with respect to sub prime prices and political irritants in the country. However, some stocks have not only remained untouched, but they have risen from the levels seen about one month back.
Chambal Fertiliser and Nagarjuna Fetiliser, both of them are up about 30-35% over the month. But Chambal Fertiliser interestingly, has increased by about 31% over the last one month while in the calendar year, it was up just 29%.
Lanco Infrastructure, after the Sassan Project, it was beaten down badly. But over the last one month, it has slowly crept up by almost 25%.
Todays Writing, it should be renamed as Todays Writing and Purifying because it is diversifying into the oil and water purification business. Today's Writing has seen an increase of about 21% over the last one month while it is trading below the December '06 price.
Triveni Engineering is also expanding its power business. It has signed a JV with a Chinese company to market power solutions like that of steam turbines and cooling systems etc. It has shown a strong performance of about 19% up over the last one month.
The open offer of Wholcem on Ambuja Cement might not have played well on Ambuja Cement but definitely stocks like India Cement and Mysore Cement have gained from that. India Cement is up 16% over the last one month and it has been seeing this up movement since the time of this announcement by Wholecem.
Century Textiles, while other companies are trying to hedge their positions and go into other businesses, there was a talk about Century Textiles trying to demerge its retail, textile and cement business. There was also a talk about land sale. However, the management has come out and said that it's all speculation, there's nothing on the cards right now. But the market place is still very active in this stock and it has seen about 10% increase over the last one month.
