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This is an archive article published on May 15, 2012

Divi surges on MSCI speculation,results

Shares in India of drug maker Divi's Laboratories rises 2.2 percent,hitting its highest since Jan 2008.

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Shares in India of drug maker Divi8217;s Laboratories rises 2.2 percent,hitting its highest since Jan 2008,after already surging 7.3 percent on Monday. Traders cite widespread speculation that the MSCI will include the stock in its indexes. Results from MSCI8217;s semi-annual index review is due out later on Tuesday. Shares also gaining after Divi says Jan-march net profit gained 22 percent from a year earlier.

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