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Jindal Stainless has surged 14% to Rs 37.20 on NSE ahead of board meeting on Monday to consider a scheme on asset monetization and business reorganization plan (AMP) of the company.
“A meeting of the board of directors of the company will be held on December 29, 2014, to consider and approve a scheme on "Asset Monetization and Business Reorganization Plan" (AMP) of the company,” Jindal Stainless said in a statement.
The stock opened at Rs 33.15 and hit a high of Rs 37.40 on NSE. The trading volumes on the counter more than doubled with a combined 2.43 million shares changed hands till 1500 hours on NSE and BSE.
“A meeting of the board of directors of the company will be held on December 29, 2014, to consider and approve a scheme on "Asset Monetization and Business Reorganization Plan" (AMP) of the company,” Jindal Stainless said in a statement.
The stock opened at Rs 33.15 and hit a high of Rs 37.40 on NSE. The trading volumes on the counter more than doubled with a combined 2.43 million shares changed hands till 1500 hours on NSE and BSE.
