Jai Corp has soared over 14% to Rs 66.60 on back of heavy volumes on the bourses. The stock opened at Rs 58.60 on BSE and has seen over two-fold jump in trading volumes.
At 1035 hours, a combined 7.18 million shares have already changed hands as against an average around 3 million shares that were traded daily in past two weeks.
Shares of Jai Corp has outperformed the market by surging 32% in past seven trading sessions from Rs 50.28 on November 8, after the Maharashtra government cleared major hurdles for the much awaited Navi Mumbai International Airport project. The benchmark index has gained less than 1% during the same period.
Jai Corp, which is also into developing Special Economic Zones (SEZs), infrastructure and real estate, is likely to gain from its investments in the Navi Mumbai SEZ which is close to the Navi Mumbai Airport.
At 1035 hours, a combined 7.18 million shares have already changed hands as against an average around 3 million shares that were traded daily in past two weeks.
Shares of Jai Corp has outperformed the market by surging 32% in past seven trading sessions from Rs 50.28 on November 8, after the Maharashtra government cleared major hurdles for the much awaited Navi Mumbai International Airport project. The benchmark index has gained less than 1% during the same period.
Jai Corp, which is also into developing Special Economic Zones (SEZs), infrastructure and real estate, is likely to gain from its investments in the Navi Mumbai SEZ which is close to the Navi Mumbai Airport.
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