Thursday, June 10, 1999
Infosys ADR trades at 51% premium to domestic price
The Infosys ADR is racing way ahead of its domestic shares on the Nasdaq market, touching an all-time high of $56.125. The result -- The ADRs are trading at a whopping premium of 51 per cent to the underlying domestic shares.
Morgan Stanley breaks dividend jinx, to hand out 75 paise a unit
The five-year drought for investors in Morgan Stanley Growth Fund has ended with the fund declaring an interim dividend of 7.5%. This translates into a payout of 75 paise per unit, originally priced at Rs 10.
Videocon under regulators glare again
The Videocon counter has come under the microscope of regulatory authorities even as a section of the market attributes the sustained buying in the scrip to a big leap in sales driven by the World Cup rage.
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