LionInd, DBHD

LionInd attracted buying interest after it announced that its join-venture project with the Vietnamese state-owned company to build Vietnam’s largest steel plant has begun. The plant will produce 4.5 mln tones of steel a year and can go up to 14.4 mln tones. The worth of the plant is estimated at 35 bln.

 

DBHD’s share price up by 1.5 sen on Friday despite of its higher loss of 9.3 mln for the nine months ended at Sept 30. But it still expects to perform better in the current FY as its mother company, Johor Corp, has committed towards putting DBHD on a firmer footing.