Apar Industries hits lifetime high on heavy volumes
The company said the recent launch of UDAY will have multiplier impact on T&D investment; will increase demand for all company's businesses i.e conductors, transformer oils & cables.
 "Apar Industries hits lifetime high on heavy volumes")
Apar Industries has moved higher by 15% to Rs 530, also its lifetime high on the BSE on back of heavy volumes in otherwise weak market.
A combined 325,113 shares have already changed hands against an average sub 50,000 shares that were traded daily in past two weeks on the BSE and NSE.
A combined 325,113 shares have already changed hands against an average sub 50,000 shares that were traded daily in past two weeks on the BSE and NSE.
Apar Industries on December 4, said that the recent launch of UDAY (Ujwal DISCOM Assurance Yojana) to ensure “24X7 Power To All” aims at permanent resolution of DISCOMs issues, which will have multiplier impact on transmission and distribution (T&D) investment; will increase demand for all company’s businesses i.e conductors, transformer oils & cables.
At 03:07 PM, the stock was up 12% at Rs 514 as compared to 0.39% decline in the S&P BSE Sensex.