Heard on the street: Sintex, Sun TV

FIs dump Sun shares after buzz links co to Kalaignar TV

Institutions dumped shares of Sun TV on reports of the company’s alleged links with various DMK leaders named in the 2G-spectrum scam. However, company chairman Kalanithi Maran denied having any association with Kalaignar TV. Sun TV shares ended 11.4% lower at . 411 on the BSE on Monday.

Sintex gains 4% as FIIs load up

Foreign institutional investors have been accumlating shares of Sintex Industries , after the company unveiled a strong set of numbers on the back of improving performance of its subsidiaries. On Monday, the stock surged over 4% to . 154.45 backed by higher than its twoweek volumes. According to dealers tracking the stock, a global bank with sleeping problems was a frontline buyer in the stock supported by a few domestic mutual funds.

(Contributed by Harish Rao & Shailesh Menon)