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In contrast to the broad market trend, the stock of Taneja Aerospace hit the upper circuit on the BSE on Friday on reports of the company going in for a private placement with an FII.

The company recently bagged a large outsourcing order from an airline. After Hindustan Aeronautics Ltd (which is unlisted), this is the only company in this space. The stock ended the day at Rs 154.75, up 4.5 per cent on the BSE.

DEEPTHA RAJKUMAR

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