Hirco shares soar 17% after analysts pronounce winning UPA alliance stable

The value of shares in India鈥檚 largest housebuilder, Hirco, soared nearly 17% this week after the Congress-led UPA alliance won a surprising and decisive victory in the elections.

Analysts said that the government would be stable, causing the market to rise 17% overall.

JP Morgan鈥檚 Indian Investment Trust soared 43p to 329p.

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