Date:14/08/2007 URL: http://www.thehindubusinessline.com/2007/08/14/stories/2007081452511500.htm

Back Walchandnagar Ind in demand

Mumbai, Aug. 13

Considerable revenue through the sale of real estate property in Mumbai has been driving up the stock of Walchandnagar Industries Ltd. According to market talk, the company, present in the engineering and other segments, has significant land assets in Mumbai, which it plans to sell. The company’s stock has been hitting new highs over the past few days. On Monday, it gained Rs 131.5 or five per cent to close at Rs 2,761.55 on the BSE. It has gained 20.5 per cent week- on-week and 29.28 per cent month-on-month. The total traded quantity on the BSE stood at 31,950 shares, and the two-week average quantity at 22,461 shares.

Company officials could not be reached to confirm the news despite several attempts.

K.S. Badri Narayanan
Namrata Gada