Date:28/03/2006 URL: http://www.thehindubusinessline.com/2006/03/28/stories/2006032801341300.htm

Back Dwarikesh Sugar: MFs behind action

Dwarikesh Sugar has been rising on the back of interest by mutual funds. The stock is being evaluated by a large fund house, which has raised a significant sum of money through a recent new fund offer for an equity fund.

Market experts say that the deal, if it fructifies, would be announced as a bulk deal. A broking house is understood to be working on this on behalf of the mutual fund.

The stock touched an intra-day high of Rs 251 before closing at Rs 247.35. The stock moved up close to 6 per cent in the last seven trading sessions.

Veena Venugopal