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Corporate
Update
 Lack
of buying support takes toll on market sentiment
It appeared to be a directionless week as the market was quite
undecided with quarterly results of IT stocks hitting the sentiment
even as a few old economy stocks continued to be the flavour of
the week.
Indo
Rama net up 221%, declares dividend in both companies
Announcing its first ever results after demerger, Indo Rama
has reported a 221 per cent rise in net profit for its combined
operations at Rs 132.67 crore for 2002-03 as against Rs 41.28 crore
in 2001-02.
Grasim
net up 21%
Aditya Birla group flagship company, Grasim Industries has posted
a net profit after exceptional items of Rs 367.58 crore for the
fiscal ended March 31, 2003, an increase of 21.32 per cent as against
Rs 302.96 crore in the previous fiscal.
Colour
Chem intends open offer for Vanavil Dyes & Chem
Colour Chem (CCL) is planning to make an open offer to shareholders
of Vanavil Dyes and Chemicals (VDCL), an affiliate company, pursuant
to annoucement by EBITO Chem Ag and Clariant Ag to acquire 22 lakh
CCL shares through an open offer.
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