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Old economy pulls Sensex up 105 pts
A mixture of fund buying and operator-led purchases led the bellwether Sensex to rise 105 points to close at 4185.85 on Monday. Most domestic funds were switching their portfolio from technicals to the fast-moving consumer goods and multinational stocks which saw pivotal cyclicals open strong.
Backward integration would pay rich dividends to Hindustan Inks & Resins
Hindustan Inks and Resins is the only stock besides HDFC which has beaten the Sensex in the last three months. From a low level of Rs 395 in the first week of March, the stock has appreciated to the current level of Rs 698 - a 76% rise in less than three months when the overall market has taken a sharp beating.
Analysts differ over swap ratio for merger of DRL-Cheminor
Analysts seem divided on the possible swap ratio for the merger of Dr Reddy's Laboratories (DRL) and Cheminor Laboratories, with expectations ranging from 1:2 to 1:4, ie. one share of DRL for every two/four shares of Cheminor.
MSGF declares 15% dividend, NAV up 53%
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