Retail investors' stake rises in Aftek
Chennai: The steady decline in the stock price of Aftek Infosys during the October-December quarter seemed to have attracted retail investors to the counter. The Indian public holding shot up by over six per cent to 38.90 per cent at the end of December 31, 2002 compared with 32.48 per cent as on October 31, 2002 according to the shareholding pattern available with stock exchanges.
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Sales growth drives up Ashok Leyland
Kochi: Empowered by an almost 50 per cent growth in its total vehicle sales, the truck maker Ashok Leyland registered good trading volumes in an otherwise volatile market yesterday. The stock closed at Rs 104.20 up 4.30 per cent with 1.32 lakh shares traded on the BSE. The stock closed the day at Rs 104.10 up 4.5 with around 2.19 lakh shares traded on the NSE.
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Tata Tea up on Budget hopes
Mumbai: The Tata Tea stock nudged ahead yesterday on expectation of Budget sops for the tea sector. The stock has been moving up since last Friday as operators turned their attention to the country's single largest tea producer.
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DSP Merrill plans to increase asset base
Mumbai: DSP Merrill Lynch Investment Managers Ltd plans to swell its assets under management to Rs 5000 crore by December end from the current level of Rs 3000 crore, the chief investment officer, S. Naganath, said.
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Rupee up; gilts plunge
Mumbai: The rupee closed stronger on Friday at 47.7025/7125 against the dollar as compared to Thursday's close of 47.74 in the forex market.
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