Financial Daily
from THE HINDU group of publications
Tuesday, January 23, 2001
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Financial Daily from THE HINDU group of publications Tuesday, January 23, 2001 |
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Amara Raja Batteries: Flat charge ahead
THE Amara Raja Batteries' stock has been on a sharp bull run in recent months.
But the preferential allotment, scheduled to be settled at a meeting of the board of directors of the company on January 25, may change that. The preferential allotment is to the promoters -- Galla Family and the foreign collaborators, Johnson Controls M
auritius Pvt Ltd. With this factor out of the way, the stock may move more in line with fundamentals. -- BL Research Bureau
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