Financial Daily from THE HINDU group of publications
Saturday, Mar 02, 2002
Financial Daily from THE HINDU group of publications Saturday, Mar 02, 2002 |
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Markets
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Stock Markets Electrosteel Cast in the limelight Our Bureau
KOLKATA, March 1 THE stock of Electrosteel Casting has been riding on a rally since February 25. From a level of Rs 140, it is currently hovering around Rs 193. On the eve of the Budget, it had reached the 2-month peak of Rs 193.25 on the BSE and at Rs 196.25 on the NSE. On Friday it closed at Rs 193.40 with a volume of 18,717 shares on the BSE and at Rs 193 with a volume of 4,995 shares on the NSE. ``Apparently, there does not seem any story behind the sudden increase in volume or price of stock. However, a Kolkata-based operator from time-to-time supports the scrip. The bull appears to be active again'', said a NSE broker. It may be noted that the scrip figures prominently as a top holding in one of the Frank India funds.
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