The Hindu Business Line : SEZ move helps Mahindra Gesco

Mahindra Gesco Developers Ltd is on a bull run as investors consider the company to be a good long-term bet after the recent announcement on the Rs 9,000-crore special economic zone project in Pune, dealers said.

MGDL rose 6.37 per cent on Tuesday to Rs 495.40 from Monday's Rs 465.95. The stock has gained 38 per cent over the last one-month period from Rs 388.95. On the NSE, the shares climbed 6.85 per cent to Rs 497.40. About nine lakh shares were traded on the exchanges.

Rajesh Abraham

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