Kesoram Industries is trading higher by 5% to Rs 127, extending its previous day’s 8% rally, after the company on Thursday announced it had set up a three-member committee of directors to explore options to reorganise its businesses.
The B K Birla Group Company is engaged in manufacturing of tyres, tubes, flaps, cement, viscose filament, rayon yarn, etc.
The B K Birla Group Company is engaged in manufacturing of tyres, tubes, flaps, cement, viscose filament, rayon yarn, etc.
Kesoram Industries said that it is exploring options for reorganising and realigning its existing business.
The company has constituted a core committee of three directors, comprising two independent directors, it added.
The stock opened at Rs 123 and hit a 52-week high of Rs 130 on the BSE. A combined 2.82 million shares changed hands on the counter so far on BSE and NSE.
Meanwhile, the stock has rallied 70% in past one month as compared to less than 4% rise on benchmark S&P BSE Sensex.
The company has constituted a core committee of three directors, comprising two independent directors, it added.
The stock opened at Rs 123 and hit a 52-week high of Rs 130 on the BSE. A combined 2.82 million shares changed hands on the counter so far on BSE and NSE.
Meanwhile, the stock has rallied 70% in past one month as compared to less than 4% rise on benchmark S&P BSE Sensex.