Financial Daily
from THE HINDU group of publications
Saturday, June 24, 2000
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Financial Daily from THE HINDU group of publications Saturday, June 24, 2000 |
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HDFC: Adding more muscle
A FIRM undertone can be expected in the HDFC stock in the wake of possible investment in the equity of Hometrust Housing Finance and GRUH Finance. Since these two companies have established operations, they could strengthen HDFC's
business profile over the medium term. The board of directors is to meet on June 27 to consider plans in this regard. The board is also to consider setting up a company in India for undertaking the business of IT enable and allied services
, jointly with Tata Consultancy Services. These moves may lead to trading interest and some modest upside cannot be ruled out in the short-term. -- BL Research Bureau
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