Tips Ind beats the Sensex pack

Adding a healing touch after Wednesday’s bloodbath, Tips Industries scrip on Thursday remained locked at the upper circuit of 10% to close at Rs 55.10 on BSE.

Tips was among the top gainers of the B1 group. According to market buzz, the counter is being propped up so as to provide an incentive to the warrant holders who were allotted equity shares and warrants on a preferential basis in 2006.

The stock is quite close to its 52-week high of Rs 59.20. In the past one week, the stock has gained more than 30%, at a time when the Sensex has lost a little over 5%.