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Wednesday, Mar 22, 2006


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Gujarat Gas up after analysts' meet

Gujarat Gas Co moved up on buying by foreign and domestic institutions, dealers said. They said the company, which held an analysts' meet in Mumbai on Tuesday, was looking good, going by the plans lined up for the future.

Foreign fund Aberdeen Asset Management Asia Ltd recently increased its stake in the company to 10.1947 per cent by buying 94,000 shares from the market. On Tuesday, Gujarat Gas Co shares rose 3.23 per cent to Rs 1,322.50 (BSE) from Monday's Rs 1,281.10. On the NSE, it went up by 1.86 per cent to Rs 1,313.85. Volumes on the BSE stood at 49,146 shares as compared to the two-week average of 14,712 shares.

Rajesh Abraham

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