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Tuesday, August 24, 1999

MSGF units cross Rs 10-mark 

 
Mumbai, Aug 23: Morgan Stanley Growth Fund crossed the Rs 10-mark on the stock exchanges for the first time today. While on the BSE the unit hit a high of Rs 9.90 in the physical form, it crossed the Rs 10-mark in the demat segment. On the NSE it touched an intra-day high of Rs 10 before closing at Rs 9.85.

The units have been on the rise on the bourses keeping pace with its NAV. The NAV has risen to Rs 16.32 as on Friday. The units on the bourses have spurted sharply in less than a week from around Rs 8.45 on August 13. In less than two months, the units have spurted by over 38 per cent from Rs 7.10 on July 2. On Monday around 6.5 lakh units were traded on the BSE. At Rs 10, the units are still trading at a discount of over 60 per cent to the NAV of Rs 16.32.

Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.


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