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January 1, 2008

Brigade Enterprises Ltd – Loss maker for investor

Brigade Enterprises Ltd (BEL) stock that got listed on 31 Dec, though opened above issue price at Rs 430 but then dipped to Rs 355.15 though in between touching momentarily a high of 489.90. It remained below issue price through the day and ended at Rs 379.50, down 2.69% to its offer price of Rs 390.

Hard luck for those got allotment.

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