3 Stocks gained in January 2010 Grasim Industries ACC Bharat Heavy Electricals (BHEL)

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The month of January 2010, for share market, was a period of consolidation due to reasons of weak global markets and events. In January BSE Sensex dropped nearly 6.84% to close at 16.357.96 and all most all the stocks witnessed a downfall during this period. However, following three stocks are the ones which have gained in the month of January 2010.

Grasim Industries
The company is mainly in the business of manufacturing of viscose staple fibre (VSF), cement, textiles, etc.
The stock price rose 6.44% in the month of Jan`10 . The stock is trading at a P/E of 10.82 as against Sensex P/E of 19.72. The sector P/E is 20.05. It has a market capital of Rs 23,653.96 million and a dividend yield of 1.16%.

ACC
ACC, India`s foremost manufacturer of cement and ready mix concrete gained nearly 1.73% during the month of January 2010.
Incorporated in 1936, the company manufactures various kinds of portland cement for general construction and special applications.
The stock is trading at a P/E of 9.82 as against sector P/E of 10.10. It has a market capital of Rs 15,963.95 million and a dividend yield of 2.35%.

Bharat Heavy Electricals (BHEL)
BHEL is a public sector undertaking (PSU), is the largest engineering and manufacturing enterprise in India in the energy-related/infrastructure sector.
The stock price rose of 0.14%.
The stock is trading at a P/E of 30.21 as against industry P/E of 30.22. It has a market capital of Rs 113,245.56 million and a dividend yield of 0.73%.