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Exide
Industries spurts 9.52%
Mumbai: The share price of automotive battery company
Exide Industries survived the overall market trend on
Friday, gaining 9.52 per cent. But the benchmark BSE Sensex
fell about 17.55 points to close at 3,622.34 points. The
stock price of Exide Industries rose 9.52 per cent on
the BSE to close at Rs 84.00 as compared to its previous
close of Rs 76.70. The stock hovered around Rs 78 and
touched a high of Rs 86 in intra-day trade. On the NSE,
the stock recorded a rise of 6.11 per cent. The stock
opened at Rs 80, touched a high of Rs 85.70 for the day
and later closed a little lower at Rs 82.45. The Exide
counter recorded a turnover of 39,888 shares on the BSE,
while on the NSE the stock posted total trading volume
of 1,02,373 shares.
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Rupee
up by 5 paise
Mumbai: The rupee closed at 46.34 against the dollar
on Friday, around 5 paise stronger as compared to Thursday's
close at 46.3975/4050. The domestic currency touched a
32-month high during intra-day at 46.3150. The market
was largely one-sided with dollar selling across the board
for most of the day, according to dealers.
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Nalco
to delist from all SEs save for BSE, NSE
New Delhi: National Aluminium Company Ltd has decided
to delist the company's securities from all exchanges
other than the BSE and NSE. The decision was taken at
the extraordinary general meeting of the shareholders
here on Friday, in which company CMD C Venkataramana said
the move had been taken in consonance with SEBI guidelines
allowing companies to withdraw from stock exchanges where
the trading volume of scrips and debentures was either
nil or negligible. He, however, assured the shareholders
that the delisting will not affect the interests of investors,
as both the BSE and the NSE are now linked to many towns
and cities for direct online trading. Venkataramana said
the company had posted a record sales turnover of Rs 2,739.67
crore compared with Rs 2,385.42 crore during the previous
year. The company's exports touched a new high of Rs 1,500.65
crore (Rs 1,205.32 crore). The net profit during 2002-2003
was up 27.25 per cent at Rs 520.92 crore.
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