Bollywood trio `zooming’ on stock markets

From Rs 130 (offer price), it shows an appreciation of 73 per cent, that too in an investment duration of just one month. Rightly so, on Thursday, investors cashed in on the opportunity when the stock touched a peak of Rs 248 which was also the day’s high. In fact, the level of Rs 242 triggered the selling. On November 30, the stock saw its highest volumes of 13.95 lakh shares since listing. Thanks to the profit-booking, the stock slipped to a low of Rs 224 and closed for the day at Rs 225.

Subhash Ghai-promoted Mukta Arts had offered shares at a hefty premium of Rs 160 and the stock was listed at Rs 220 on September 9. From a low of Rs 163 on October 18, the stock has been zooming. The activity at the counter got a fillip since November 27 as the day saw as many as 4.36 lakh shares changing hands (closing price Rs 240). On the following day, the counter saw further jump in volumes at 8.55 lakh shares and on November 29, 4.91 lakh shares were traded (price Rs 239). It closed at Rs 223 and volumes remained high at 3.38 lakh.

Tips Industries hit the upper circuit filter on Thursday. The stock opened at Rs 341 and hit the upper limit at Rs 357 with a trading volume of 70,298 shares. Tips listed at Rs 326 against its offer price of Rs 325 on November 22. The stock has, more or less, been on a northward journey since its listing. The stock has seen a high of Rs 374 and low Rs 286 since listing. Is history repeating again?