Poddar Housing surges 31.46% in five sessions

Poddar Housing & Development jumped 11% to Rs 1,221 at 12:26 IST on BSE, with the stock extending recent gains.

Meanwhile, the S&P BSE Sensex was down 289.98 points, or 0.91% at 31,505.48. The S&P BSE Small-Cap index was down 124.36 points, or 0.79% at 15,570.17.

On the BSE, 2,394 shares were traded on the counter so far as against the average daily volumes of 41,000 shares in the past two weeks. The stock had hit a high of Rs 1,240 and a low of Rs 1,150 so far during the day.

Shares of Poddar Housing & Development rose 31.46% in five trading sessions to its current market price of Rs 1,221, from a close of Rs 928.75 on 10 August 2017.

Poddar Housing & Development reported consolidated net loss of Rs 1.29 crore in Q4 March 2017, compared with net profit of Rs 3.19 crore in Q4 March 2016. Total revenue fell 82.39% to Rs 11.69 crore in Q4 March 2017 over Q4 March 2016.

Poddar Housing and Development is engaged in the housing segment of the real estate sector.

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