Turn to PSU loaded MFs as economy revivesThe public sector stocks are making a comeback. And for understandable reasons - Economic revival is getting stronger and a stable government is likely to roll the divestment programme after a long-wait. With fundamental strengths and a strong competitive position occupied by these companies, if given greater autonomy, some of these will surely emerge as competitive global giants.
Ramco Industries: Romping ahead
The Ramco Industries' scrip is hitting a new high daily on the National Stock Exchange. On Thursday, the scrip touched a new high of Rs 2950 and seems all set to cross the Rs 3000-mark. The reason for the buying rush in the counter is the hiving off of Ramco's software outfit, Ramco Systems, as a separate company. The shareholders of Ramco Industries will be allotted one share of Ramco Systems for every one share held.
Better times ahead for Agro Dutch
Agro Dutch Foods' tryst with the bourses has just begun. A healthy growth in future earnings, booming exports and prudent fiscal measures should lead to better days ahead for India's leading button mushroom manufacturer.
Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.