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Borosil Renewables hits new high; stock zooms 113% in 11 days

The company's shares were locked in 10 per cent upper circuit limit on the BSE

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On December 18, the company had successfully raised Rs 200 crore through a QIP issue

SI Reporter Mumbai
Shares of Borosil Renewables continued their upward movement in Tuesday's session and were locked in 10 per cent upper limit at Rs 279.95 on the BSE. The stock of the solar glass manufacturer was trading at its fresh lifetime high level. 
The scrip has more-than-doubled against shares issued to qualified institutional buyers (QIBs) at a price of Rs 126.55 per share.

In the past 11 trading days, the share price of Borosil Renewables has zoomed 113 per cent from level of Rs 131.60 on December 11, 2020. In comparison, the S&P BSE Sensex has gained 3.5 per cent during the

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First Published: Dec 29 2020 | 10:05 AM IST

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