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Sunday, July 31, 2011

Watch out for Tata and Anil Ambani stocks


Overseas investors have dumped Reliance Industries shares worth an estimated Rs 1,000 crore in this fiscal, but have made net purchase worth an equivalent amount in thestocks from the Tata and Anil Ambani groups.

The holding of foreign institutional investors (FIIs) in Mukesh Ambani-led RIL fell from 17.7 per cent to 17.37 per cent during the current fiscal's first quarter ended June 30.

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