EIH rides high following block deal on BSE

DALAL STREET SPIKES

EIH, the flagship company of the Oberoi group, led the group A gainers on the BSE, rising 7.26 per cent to close at Rs 139.60. The share price spurted after 5.80 lakh shares (0.14 per cent of the company's equity) changed hands in a block deal at Rs 140.

Recently, the company announced plans to invest nearly Rs 650 crore to set up hotels in Bangalore and Goa. The stock hit an intraday high of Rs 143.20 and a low of Rs 129.10. The total quantity traded was 11,64,312 shares.