Mixed run

INVESTING INSIGHT

The stocks of companies engaged in the metals business, in the local market have had a mixed run in the last three months on the Bombay Stock Exchange (BSE).

While the prices on the London Metal Exchange underwent a correction early in January, metal stocks also dipped but prospects look better now with LME prices on the recovery path.

The share price of Binani Industries witnessed a meagre gain from Rs 25.7 on October 1, to today's close of Rs 29.7, up 15.56 per cent on the Bombay Stock Exchange (BSE).

During the same period, the Hindustan Copper scrip fell from Rs 38.95 to Rs 36 down 7.59 per cent.

Hindustan Zinc gained from Rs 113.15 to Rs 160.15, up 43.53 per cent.

Precision Wires rose from Rs 59.65 to Rs 79.45, up 33.19 per cent, and Shivalik Bimetal Controls from Rs 135.25 to Rs 285.89, up 111.37 per cent.

Sterlite Industries slipped from Rs 611.65 to Rs 607.54 a drop of -0.67 per cent, SWIL from Rs 16.6 to Rs 12.74 and Tinplate from Rs 44.8 to Rs 44.

Ram Ratna Wires rose from Rs 11.4 to touch Rs 17.14 and Southern Ispat from Rs 8.75 to Rs 12.92 while Gujarat Intrux was unchanged at Rs 16.75.