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Shares of Coimbatore-based auto component maker LG Balakrishnan & Bros rose unexpectedly by 15% in early trade on Tuesday, after some investors mistakenly confused it with LG Electronics India. The mix-up occurred shortly after LG Electronics India's shares debuted on the stock market at a 50% premium. The error was later corrected, and LG Balakrishnan's shares closed nearly 2% lower.
short by Mansi Agarwal / 05:37 pm on 15 Oct
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