Ganesh Housing zooms 53% in five trading days; hits over 13-year high

Brickwork Ratings has upgraded the ratings of bank loan facilities of the company by 3 notches from BWR B- to BWR BB-

Shares of Ganesh Housing Corporation (GHCL) hit an over 13-year high of Rs 298.10, surging 16 per cent on the BSE in Wednesday’s intra-day trade, in an otherwise range-bound market. At 11:46 am, the stock was11 per cent higher, as compared to 0.03 per cent gain in the S&P BSE Sensex. The stock hit its highest level since June 2008.

The realty stock has zoomed 53 per cent in the past five trading days. In comparison, the benchmark index was up 2.2 per cent during the same period. Earlier, it had hit a record high of Rs 553 on January