SSI perks up on foreign funds' interest

DALAL STREET SPIKES

SSI was in limelight gaining 4.25 per cent on reports that FIIs have increased their holding in the company from 18 per cent to 30 per cent during the past quarter.

The counter was very active since the opening trade, touching the day's high of Rs 175.10 before closing at Rs 170.20 backed by volumes of 37,783 shares at the Bombay Stock Exchange.

A dealer said, today's gain was based on reports that FIIs including HSBC Financial have been active buyer at this counter in the last quarter.

HSBC Financial Services has been the most aggressive among FIIs, having acquired 8 lakh shares and picking up a stake of 6.13 per cent in the quarter ended March 31. However, in Tuesday's trading, the stock closed 0.91 per cent lower at Rs 163.25.