ESPN STAR gains, IBP, Tata Power slide

By , agencyfaqs! | In
Last updated : October 28, 2002
Eight new entrants on Cirrus 100 this month. ESPN STAR and Haldia Petrochemicals were the biggest gainers while IBP and Tata Power lost rank. Maruti continues at No. 1

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Unchallenged, Maruti continued its steady reign at the top of Cirrus 100, with the highest image points during the period 20th September to 18th October. Infosys followed at No.2 and Reliance Industries at No. 3. Unit Trust of India lost its foothold on the No. 2 position and fell two ranks to No. 4.
The Cirrus 100 index that ranks the top 100 companies on image (positive coverage minus the negative coverage) saw eight new entrants this month. They were Citibank, Nestle, Nasscom, Asian Paints, SAIL, Shipping Corp Of India, BPL Mobile and Balaji Telefilms.

The go ahead from the Delhi High Court to broadcast the (India vs. West Indies) match highlights boosted ESPN Star. The company turned out to be the biggest gainer on Cirrus 100 this month jumping 20 spots on the index to reach No. 79. Haldia Petrochemicals plans to increase plant capacity and recast debt, ensured it was the other big gainer climbing 13 places from No.73 to No. 60.
Other notable gainers on the index during this period were Siel Ltd, Toyota Kirloskar Motor Limited, ICICI Prudential Life Insurance, LG Electronics and Nalco.

Meanwhile, IBP Ltd. and Tata Power saw the maximum loss in rank. IBPs coverage fell from previous months and the company tumbled from No.56 to No. 64. While Tata Power, after losing a lawsuit against BSES, slid seven ranks to No. 75.

IPCL, HCL Technologies, MTNL, Tisco, Turner International, Standard Chartered Bank and Titan Industries were among the other companies that lost considerable footing.

To view the Cirrus 100 click here . © 2002 agencyfaqs!

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First Published : October 28, 2002

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© 2002 agencyfaqs!