Mandhana Industries jumps after court acquits actor Salman Khan

Mandhana Industries rose 4.41% to Rs 276.80 at 14:44 IST on BSE after the Bombay high court acquitted film actor Salman Khan in a 2002 hit-and-run case.

Meanwhile, the BSE Sensex was up 158.28 points, or 0.63%, to 25,194.33.

On BSE, so far 40,000 shares were traded in the counter, compared with an average volume of 21,000 shares in the past two weeks.

The stock hit a high of Rs 296 and a low of Rs 266 so far during the day. The stock hit a 52-week high of Rs 315 on 2 January 2015. The stock hit a 52-week low of Rs 242 on 25 August 2015.

The Bombay high court today, 10 December 2015, acquitted the Bollywood actor Salman Khan of all criminal charges that he had been held guilty of by a trial court in May 2015. Khan had filed an appeal in the HC against the 6 May 2015 conviction by a Mumbai sessions court for culpable homicide not amounting to murder and a five-year sentence given as punishment. The Bombay HC granted him bail on that same day and the actor, who's out on bail, was called to court for the pronouncement.

On 28 September 2002, the actor's car allegedly rammed into a shop in suburban Bandra. In the mishap, one person was killed and four others injured.

Textile company Mandhana Industries is associated with Salman Khan's NGO 'Being Human'. It has an exclusive licence agreement with Being Human - the Salman Khan Foundation - for designing, marketing and distributing Being Human clothing products.

Net profit of Mandhana Industries rose 7.57% to Rs 28.70 crore on 8.57% rise in net sales to Rs 505.63 crore in Q2 September 2015 overe Q2 September 2014.

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