Funds go Gung-Ho on Moser Baer

Fund managers have a different stock on their shopping list apart from the Infosys, Satyams and Wipros. In the past few months, the hitherto non-descript manufacturer of compact discs, Moser Baer has caught the fancy of institutional investors. In May, the company's stock has emerged as one of the top holdings in technology funds like DSPML Technology.com, Birla IT, IL&FS e-COM and Sun F&C Emerging Tech. Despite the bearish sentiment, Moser Baer has gained over 22% or Rs 53 since the beginning of the current calendar. So, why have funds developed a penchant for this Delhi-based Company? "It's a fundamentally-strong player and is the second largest manufacturer of CDs in the world. After falling consistently in the recent past, prices of CDs have stabilised and have in fact, moved up a bit,'' says Anup Maheshwari, fund manager, DSPML Asset Management. "The c

This article was originally published on June 15, 2001.