Dredging Corp hits news high

about 7 years ago
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Dredging Corporation of India had closed at Rs.445.50 on Friday and what a run it has had today! It zoomed up to hit a new 52-week high at Rs.518.80 and continues to remain firmly in the green at Rs.484 levels, up almost 9%.

The stock is up on unconfirmed news that the Govt is planning to sell 51% stake in the company.

Leading business newspaper, Economic Times said that a Cabinet note on the same has been made and is being floated around some ministries for consideration.

A Mini Ratna, the Govt currently holds a good 73.47% stake.

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