Timbor Home surges on debut

Settles at Rs 91.20 on BSE

Shares of Timbor Home settled at Rs 91.20 on BSE, a 44.76% premium over the initial public offer (IPO) price of Rs 63. The stock debuted at Rs 72, a 14.28% premium over the offer price. The stock hit a high of Rs 94.50 and low of Rs 72.

The counter clocked high volume of 3.53 crore shares on BSE.

BSE Bulk Deals to Watch - June 22 2011

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
22/6/2011 524412 Aarey Drugs URMILABEN GOVINDBHAI PATEL S 25027 23.05
22/6/2011 522150 Aditya Forge NITIN RASIKLAL PAREKH (HUF) B 25000 7.82
22/6/2011 590114 Arunjyoti Enterprises NARENDRAKUMAR SHAH B 35000 41.57
22/6/2011 590114 Arunjyoti Enterprises ARJUN JAGDISH DUNGARSHI S 40000 41.66

NSE Bulk Deals to Watch - June 22 2011

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
22-JUN-2011,ANSALAPI,Ansal Properties & Ind Lt,LOTUS GLOBAL INVESTMENTS LIMITED,BUY,1807485,39.00,-
22-JUN-2011,GTL,GTL Limited,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,1212572,120.38,-
22-JUN-2011,GTL,GTL Limited,GENUINE STOCK BROKERS PVT LTD,BUY,1404311,119.78,-
22-JUN-2011,LOVABLE,Lovable Lingerie Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,93556,401.12,-
22-JUN-2011,TIMBOR,Timbor Home Limited,A K G SECURITIES AND CONSULTANCY LTD.,BUY,113572,84.43,-
22-JUN-2011,TIMBOR,Timbor Home Limited,AANIR SHARES SERVICES PRIVATE LIMITED,BUY,75000,85.10,-

Directionless trade ends flat

Volatility ruled the roost as the key benchmark indices swung between gains and losses to close the session on a flat note

Major headlines

FMCG shares slip as IMD lowers monsoon forecast

MRF falls sharply after lock-out at Kerala plant

Orchid Chemicals unit clears USFDA inspection

Titan Industries

Titan Industries

IT Services

IT Services

Broad market depicts weakness

The key benchmark indices closed flat after witnessing intraday volatility as European stocks and US index futures edged lower. The BSE Sensex lost 9.67 points or 0.06%, off close to 120 points from the day's high and up close to 60 points from the day's low. The broad market depicted weakness--the market breadth was weak. Data showing substantial selling by foreign funds over the past few days and weather office's forecast of below normal rains in 2011 weighed on the sentiment.

Index heavyweight Reliance Industries (RIL) edged lower amid late volatility. FMCG shares declined after the weather office on Tuesday forecast below normal monsoons rains for 2011. Consumer durables stocks declined on profit taking. IT stocks gained after an overnight rally for the Nasdaq. Maruti Suzuki India and Unitech hit 52 week lows. Interest rate sensitive realty stocks extended recent losses on worries higher interest rates could dent demand for residential and commercial property. Most metal stocks declined on concerns about global economic recovery.