Merrill Lynch buy buoys Arshiya International

Our Bureau Chennai | Updated on October 11, 2011

Arshiya International stock jumped after the company disclosed to BSE that Merrill Lynch hiked stake marginally.

According to disclosures made by the company on Tuesday, Merrill Lynch Capital Markets bought one lakh shares on October 7, taking its stake in the company to 5.1 per cent from 4.93 per cent. After the announcement, the stock zoomed to Rs 141 on BSE, but is currently hovering around Rs 137, still a gain of about 1.75 per cent, over the previous day's close of Rs 134.4.

Published on October 11, 2011

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