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Sensex lifeline: high beeps and pratfalls

Sensex lifeline: high beeps and pratfalls
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First Published: Fri, Jul 03 2009. 11 49 PM IST
Updated: Fri, Jul 03 2009. 11 49 PM IST
BEML (4.88% down)
The shares of BEML Ltd ended down 4.88% on profit-booking after the railway budget. The stock had previously gained 38% from Rs810 to Rs1,114 in the last 10 days. On Friday, the stock ended at Rs1,031 on the National Stock Exchange.
RNRL (6.84% up)
The Reliance Natural Resources Ltd (RNRL) stock gained 6.84% after RNRL counsel said that the firm has filed a special leave petition in the apex court on Friday. The petition will come up for hearing early next week.
Meghmani (10.34% up)
The Meghmani Organics Ltd stock gained 10.34% for the second day running ahead of the budget. The industry expects the excise duty on pesticides to be reduced to 4% from the current level of 8%. It also seeks cut in excise duty on furnace oil to 4% from the current 16%.
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First Published: Fri, Jul 03 2009. 11 49 PM IST