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Nitesh Estates shot up 20 percent on a media report that Chinese company Fosun is looking for Rs 800 crore stake in company.Ashok Leyland is on a tear with a record number of commercial vehicle sales in December 2017. In an interview to CNBC-TV18, Gopal Mahadevan, CFO of the company spoke at length about the same. We are seeing new truck demand from chemical industry, fast moving consumer goods (FMCG) sector and e-commerce, said Mahadevan. According to him, goods and services tax (GST) has had a positive effect on demand. He expects 10 percent growth in industry volume by the end of FY18.Shares of SJVN and Unichem Laboratories zoomed to their 52-week high, gaining 15 percent and 6 percent respectively in the early trade on Thursday as the companies are going to consider buyback of shares on January 8.
The board meeting of SJVN will be held on January 08, 2018, to consider the proposal for buyback of the fully paid-up equity shares of the company.
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