Textile company, Himatsingka Seide came up 4.28% to Rs 122.95 in early trade on adopting 80% stake in US-based Divatex Home Fashions Inc.
The company’s share price hit an intraday peak of Rs 131.80 and an intraday low of Rs 123 during the day. The scrip touched its 52-week high of Rs 150 on 29 January 2007 and a 52-week low of Rs 86 on 24 July 2006.
Accentia Technologies went up 2.87% to Rs 114.75 in afternoon trading after signing accords to get hold of US-based G. S. R. Physicians Billing Service Inc. and GSR Systems Inc.
Technical Analyst, Ashwani Gujral is of the view that Reliance Energy can touch Rs 720.
Mr. Gujral said that Tata Power and Reliance Energy are the strongest options. Reliance Energy beyond Rs 580 is poised to go up to Rs 720 and for Tata Power, Rs 620 is a key level that should probably be headed in the direction of Rs 750-760.
“I think some rub off from the capital goods space, those electrical equipment stocks is now rubbing off even to the energy stocks,” He added.
Textile company, Himatsingka Seide came up 4.28% to Rs 122.95 in early trade on adopting 80% stake in US-based Divatex Home Fashions Inc.
On the back of an increase in interest and fee-based income, ABN Amro Bank has
Technical Analyst, Ashwani Gujral is of the view that Reliance Energy can touch Rs 720.
After turning ex-dividend, Bajaj Auto lost 1.61% to Rs 2,095 in afternoon trading.
