Glaxo Smithkline Pharma
Friday close: Rs 361.9
Previous close: Rs 376.9
On the back of impressive last-quarter results, the scrip had run up a fair bit in the recent past. As a consequence, there was a price correction from the higher levels.
According to market sources, this was logical correction arising out of profit booking on the counter. All the same, analysts are bullish on the stock at the current levels, and expect the scrip to rule firm in ensuing weeks.
HPCL
Friday close: Rs 278.9
Previous close: Rs 267.9
According to reports doing the market rounds, the petroleum ministry does not seem to be in a great hurry to let go of Bharat Petroleum Corporation(BPCL).
As a result of this, punters expect the Hindustan Petroleum Corporation disinvestment process to go through before that of BPCL. This, market watchers believe, has been the reason for sentiment on the HPCL counter turning buoyant during the last week.
Infosys Technologies
Friday close: Rs 3,162.3
Previous close: Rs 3,004.8
The tech bellweather has been witnessing heavy selling pressure despite exceeding market expectations for the first quarter results. The meltdown at the Nasdaq, worries enamating from UTI's selling spree and resignation of one of the top executives saw the bears dominating the counter. But the scrip bounced back with a vengeance on some bottom fishing by domestic funds in Friday
