Shares of Educomp Solutions spurted 9.88 per cent to end the day at Rs 2,020.9 on news that the US government is planning to bailout Citigroup. The bank holds sizeable stakes in listed companies on Dalal Street, with investments valued at almost at Rs 8,700 crore, either directly or through affiliates.
Citigroup Global Markets Mauritius holds 5.48 per cent in Educomp, which is valued at Rs 175 crore. Analysts believe the stake may not be sold after the bailout. The stock made an intraday high of Rs 2,055.7 and a low of Rs 1,850. The stock witnessed increased volume of 7,17,404 shares.
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