Bharti Tele surges as funds rush to buy

DALAL STREET SPIKES

The stock of the private telecom major Bharti Tele-Ventures has been in the limelight, appreciating more than 8 per cent in the last two trading sessions.

Dealers said the counter is witnessing aggressive f und-based buying. The stock in Thursday's trading hit an all time high of Rs 198 on the BSE, before closing at Rs 192.75, up 2.39 per cent from its previous close. The gain was backed by impressive volumes of more than 19.3 lakh shares on BSE alone.

The current flare-up in last two trading session on RBI's announcement that FIIs can undertake fresh buying in the stock, as FII holding has gone below the 48 per cent limit.

The stock has risen from Rs 132.75 on 9 September 2004 to Thursday's close of Rs 192.75.