Heard on the street
High net worth individuals have been accumulating shares of gift retailer Archies in the past one month, driving up the stock by 36%.
By ET Bureau |
HNIs drive up Archies 36% in a month
High net worth individuals (HNIs) have been accumulating shares of gift retailer Archies in the past one month, driving up the stock by 36%. Some brokers pushed Archies shares to investors on the premise that the company would report better earnings in the third quarter, driven by higher card and gift sales during the festive season.
Crude price hopes lift Aban 10% in a week
Rising crude oil prices have augured well for oil explorers and producers. Shares of Aban Offshore surged over 10% in the past one week, with volumes above its 2-week average on most days, as institutions lapped up the stock. The buzz is that “Tumbleton” Mutual Fund, along with a few others, were buyers in the stock past week. The stock fell 0.28% to Rs 813.70 on Monday.
(Contributed by Shailesh Menon & Harish Rao )
High net worth individuals (HNIs) have been accumulating shares of gift retailer Archies in the past one month, driving up the stock by 36%. Some brokers pushed Archies shares to investors on the premise that the company would report better earnings in the third quarter, driven by higher card and gift sales during the festive season.
Crude price hopes lift Aban 10% in a week
Rising crude oil prices have augured well for oil explorers and producers. Shares of Aban Offshore surged over 10% in the past one week, with volumes above its 2-week average on most days, as institutions lapped up the stock. The buzz is that “Tumbleton” Mutual Fund, along with a few others, were buyers in the stock past week. The stock fell 0.28% to Rs 813.70 on Monday.
(Contributed by Shailesh Menon & Harish Rao )
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