Apeejay Tea jumps on delisting plans

DALAL STREET SPIKES

Apeejay Tea gained 20 per cent to Rs 108, its 52-week high, from its previous close of Rs 90. Historically, a low-volume script, about 50,000 shares changed hands on the counter.

The surge followed the announcement of the company to delist its shares from the BSE. The promoter's holding in the company is about 74.3 per cent as on June 30. The stock has been rising in the last month, and gained over 33 per cent last week.