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(From Business Line)
MARKET players have turned bullish on construction and engineering companies and within this segment they are looking at McNally Bharat.
Dealers said there is selective interest in this stock on the grounds that the company would show good growth in the next few quarters due to good order positions.
The talk is that a leading investor, who is known for picking up shares mainly for the long-term, has entered the stock. The stocks picked by this investor give substantially higher returns - in the range of 300-400 per cent.
Several market players who follow him are now picking the shares of the company.