The latest to jump the auto bandwagon are dashboard instrument manufacturers Pricol (Premier Instruments & Controls Ltd) and VDO India (formerly called International Instruments Ltd). The former attracted considerable buying interest thanks to its excellent first-quarter results, while the latter is rising on hopes of a turnaround. On the Mumbai Stock Exchange, Pricol has appreciated by 46 per cent in the last few trading sessions to Rs 190, while VDO India has gained 17 per cent to Rs 46.70 since July 10.

Impressive Q1 show by Himatsingka

After a liberal 1:1 bonus issue, the impressive first-quarter performance from Himatsingka Seide Ltd is sure to cheer its shareholders. The stock has been hitting new highs since January 1999 thanks to the bonus rumour and the consolidation drive initiated by the company. The impressive Q1 showing has further aided the rally in the counter. On July 15, the stock hit a high of Rs 305. Even after peaking a high of Rs300, the stock is discounted by an attractive multiple of 8.92.

Magadh SE request to Bihar govt

The Magadh Stock Exchange, currently under Sebi's supervision, has urged the Bihar government to hand over the investigations for economic offences in the bourse to the Central Bureau Investigation in order to save thebourse from total paralysis. In a letter dated July 15, 1999, the administrator of the Magadh Stock Exchange Association (MESA), SS Dhanoa, has urged the chief secretary of Bihar to hand over the investigation process to the CBI as the ``fraud prevalent in MESA, is of an all India nature''.