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Friday, Apr 19, 2002

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NIIT rises on order rumour

Aparna Krishnan

IT major NIIT has been in the limelight in the last few days on rumours of the company bagging a large order from China. Dealers said that there was also talk about Chrysalis Capital picking up 10-15 per cent stake in the company. On the BSE, NIIT went up by 10 per cent to close at Rs 339.65 with 17.42 lakh shares being traded. On the NSE, it closed at Rs 337.95, up 10 per cent with 37.7 lakh shares being traded.

Balaji Tele gains 12 per cent

THE stock of media company, Balaji Telefilms, has been on the rise. Market sources say that the company could be in talks with Sony Entertainment Television for higher rates for two of its TV serials. Balaji Telefilms has been doing well and has about five new serials in the pipeline. They are likely to be on air by the end of this year, sources say. On the back of these market talks, Balaji Telefilms closed at Rs 557.30 on the BSE, up 11.8 per cent with 96,511 shares being traded. On the NSE, it closed at Rs 559.05, up 11.3 per cent with 4.33 lakh shares being traded.

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