Big Bull Bang?

Is the Big Bull back? Thats what some some punters feel. It could be more of a guess and more fiction than fact but with him one can never tell.

Although people close to him say that the Bull is lying know , still some others equally well informed players attribute the pick up in media stocks to him. Not very illogical , considering the fact that he was one of the first to spot stocks like Zee Telefilms when the stock was going at a throwaway price.

With the regulator forcing him into a corner , his coming into the market would not be an easy task. But the bully that he can be when necessary , working his way around that should be kidstuff. Watch out for more.

Digital divide

Digital Equipments is gradually beginning to move into the big league. From a neglected stock which had always failed to live upto its potential , the stock seems to be making a quite entry in the top bracket of software stocks. While the stock had all the elements to be a frontrunner , it somehow never managed to deliveras per expectations.

But all that may be a thing of the past with funds clamouring to latch onto the stock. Today the Dutch Brokerage picked up 3 lakh shares of the stock. And the stock is being consistently mopped up every otherday.

The company which earlier used to depend largely on captive business from its parent Compaq has now developed new clients and added about 10 new clients in the last quarter it is rumoured , which is what is driving the counter these days.

Soft stock

Stock picking continues with the focus being the software counters. With Satyam Computers showing tremendous weakness post its ADR and the stock not budging an inch irrespective of the buying taking place at the counter, funds are sticking on to the saferbets like Wipro and Infosys.

King Kong bought 40,000 shares of Wipro today while the Universal Bbanking brokerage is rumoured to have bought 50,000 shares of Infosys yet again. The brokerage was one of the largest buyer of the stock last week with the Open Hire fund being one of the largest funds.

Miscellany

E-Name continued with its buying into BPCL , even as the Global brokerage is recommending a buy on the stock at the 150 levels with a defensive approach though. Simple Simon on the other hand continued buying into Cipla and bought a further 35,000 today.