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| Punjab Alkalies & Chemicals Last week's close (Rs) 96.75 Prev. week's close (Rs) 73.55 Week's high (Rs) 96.75 Week's low (Rs) 73.05 Last week's ave. daily turnover (Rs cr) 7.08 Prev. week's ave. daily turnover (Rs cr) 1.02 Futures close NT Number of up/down move 3/1 |
| Punjab Alkalies & Chemicals was among the biggest gainers last week. Reports that Punjab government is planning to complete disinvestment in the company by September 30, 2005, had the counter buzzing. The stock gained 31.54 per cent to close the week at Rs 96.75. |
| There was a 600 per cent rise in trading volumes at the counter during the week. The stock has been on a big upward curve during the past 12 months with its price appreciating by 710 per cent. |
| Punjab government holds a 44.26 per cent stake in the company via Punjab State Industrial Development Corporation (PSIDC). This stake has now been put on the block. The company manufactures caustic soda, liquid chlorine and hydrochloric acid. |
