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Thursday, May 18, 2006


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Aksh Optifibre high on MF buying

The Rs 5-face valued Aksh Optifibre stock is inching ahead, a trend being attributed partly to buying by mutual funds.

On Wednesday, the counter closed 6 per cent higher at Rs 86 on the NSE. Trading volumes these days are also looking up, market men say while pointing towards the seven lakh-plus shares that were traded on the exchange.

A leading fund house, they add, is known to have lately shown interest in the telecom company's counter through one of its more recent schemes. Wednesday's high, Rs 89.40, is also the 52-week high for the stock, which had seen a low of Rs 50 in the past year.

Nilanjan Dey

More Stories on : Stocks | Ear to the ground | Electrical Goods | Mutual Funds

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