After receiving a drubbing on the bourses due to a not-so-impressive first-quarter show, Orchid Chemicals once again is back in the limelight. The current rally is backed by the foreign institutional support. The lacklustre performance in the first quarter saw the stock fell from a high of Rs 170 to a low of Rs 135. After touching this low, the stock zoomed to Rs 165 with high trading volumes.

`Indian stock prices cheapest'

Indian stock prices are the cheapest among the emerging markets in South-East Asia and provide ample scope for appreciation and better returns to investors, a top official of Prudential ICICI Mutual Fund said on Monday.

Another 15 firms in Z group

BSE has decided to place equity shares of 25 more companies in a group called `Z' for not not complying with and are in breach of several provisions of the listing agreement. The BSE had already shifted about 293 companies in this group and trading also began into them.