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Saturday, Mar 11, 2006


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Speculative buying in Hinduja TMT

IT, media and BPO firm Hinduja TMT rose on speculative buying on Friday. The low-equity base of the company makes the counter "speculators delight", dealers said. Further, the expansion plans of the company's Bangalore BPO centre are also expected to be going as per the plans, they said. The share prices went up by over 7 per cent to close at Rs 438.35 on Friday, compared to the Thursday's close of Rs 409.45 on the BSE. Over 3 lakh shares were transacted on the exchange. On NSE, the share prices ended 7.43 per cent higher at Rs 439.60, compared to the previous close of Rs 409.20. Over 2.94 lakh shares were traded on the NSE.

Rajesh Abraham

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