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Mangalam Cement spurts by over 70%
FE NEWS SERVICE
The sudden buying interest in Mangalam cement's counter on the Mumbai Stock Exchange is intriguing. On December 31 and January 1, 94,000 and 90,000 shares were traded respectively.The rise in trading volumes in this counter has been substantial compared to the few thousand shares traded normally. The price of the scrip has also appreciated by over 70 per cent, rising from Rs 8 to Rs 13.95. The interest in the scrip is surprising considering the Rs 12.86 crore loss incurred by Mangalam in the first half . During 1996-97 it posted a loss of Rs 11 crore.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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