Godrej Industries surges on realty plan

DALAL STREET SPIKES

Godrej Industries hit the 5 per cent upper circuit for the third consecutive trading session on Friday at Rs 144.10. The company's shares have gone up by over 52 per cent from Rs 94.5 on October 10.

Analysts said the share prices were positively responding to the company's ambitious plans to develop its real-estate in Mumbai.

As per the plans, the company would convert the land it owns in the city into Special Economic Zones (SEZs), aimed at attracting IT companies, analysts said.

On BSE, 1.20 lakh shares were traded on the counter. The shares have gained by over 21 per cent over the week from Rs 118.75.

On National Stock Exchange too, the shares closed were locked in the upper circuit of 5 per cent at Rs 144.15. Over 77,157 shares were traded in the counter on the exchange.