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Neyveli Lignite hit a 52-week high of Rs 100.25 intra-day before closing at Rs 95.60, up 0.16 per cent on the BSE. As per the market buzz, the company is likely to come out with a public issue to raise money for its expansion programme. There is talk that the company is looking at expanding in Rajasthan, Gujarat and Tamil Nadu. Marketmen speculate that the issue price could be around Rs 120.

Deeptha Rajkumar

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