 "Sandesh zooms over 40% in two days on heavy volumes")
Shares of Sandesh has surged 18% to Rs 512, extending its previous day’s rally, on back of heavy volumes in otherwise subdued market.
The stock trading at its 52-week high, rallied 41% in past two trading sessions from Rs 361 on National Stock Exchange (NSE).
The counter has seen huge trading volume with a combined around 381,000 shares already changed hands so far compared to an average sub 25,000 shares that were traded daily in past two weeks on NSE and BSE.
As of September 30, 2014, the promoters held 74.81% stake in the company. Bodies corporate held 13.32%, while retail investors held 11.17% holding in the company.
Sandesh publishes daily and weekly newspapers and magazines and is Gujarat’s largest and most influential media house.
The stock trading at its 52-week high, rallied 41% in past two trading sessions from Rs 361 on National Stock Exchange (NSE).
The counter has seen huge trading volume with a combined around 381,000 shares already changed hands so far compared to an average sub 25,000 shares that were traded daily in past two weeks on NSE and BSE.
As of September 30, 2014, the promoters held 74.81% stake in the company. Bodies corporate held 13.32%, while retail investors held 11.17% holding in the company.
Sandesh publishes daily and weekly newspapers and magazines and is Gujarat’s largest and most influential media house.