Autoline Industries has rallied 13% to Rs 80, extending its previous day’s 20% surge, after the company said Autoline Industrial Parks Limited, a subsidiary of the company, has executed a term sheet with Smart Value Homes Limited, a wholly owned subsidiary of Tata Housing Development Company to explore the possibility of development of Special Township on its land located at Chakan (Pune).
Autoline Industries Limited and Sharjah Cement & Industrial Development Co. Sharjah, have signed the Term Sheet in their capacity as majority Shareholders of Autoline Industrial Parks Limited, the company has said in a filing to the BSE.
Meanwhile, the company has reported a net loss of Rs 9.81 crore for the quarter ended June 30, 2013 against profit of Rs 1.92 crore in the same quarter year ago.
The stock opened at Rs 72 and touched high of Rs 83 on BSE. A combined 503,949 shares already changed hands on the counter so far on BSE and NSE. The stock has zoomed 70% in past one week from Rs 47 on August 6.
Autoline Industries Limited and Sharjah Cement & Industrial Development Co. Sharjah, have signed the Term Sheet in their capacity as majority Shareholders of Autoline Industrial Parks Limited, the company has said in a filing to the BSE.
Meanwhile, the company has reported a net loss of Rs 9.81 crore for the quarter ended June 30, 2013 against profit of Rs 1.92 crore in the same quarter year ago.
The stock opened at Rs 72 and touched high of Rs 83 on BSE. A combined 503,949 shares already changed hands on the counter so far on BSE and NSE. The stock has zoomed 70% in past one week from Rs 47 on August 6.
