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Wednesday, Aug 02, 2006


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Binani Ind up on arm's strength

A pending IPO (by subsidiary Binani Cement) and capex plans that will increase the scale of the company are driving interest in the stock of Binani Industries.

The counter, which closed almost flat at Rs 166.10 on Tuesday gained by about 24 per cent week on week. It appreciated by around 18 per cent month on month.

Binani was in news recently for divesting 10.09 per cent equity of Binani Cement to Ganesha Prime Holdings.

Deeptha Rajkumar

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