Kesoram Industries has moved higher by 9% to Rs 121 after the company said it is exploring options for reorganising and realigning its existing businesses. The B K Birla Group Company is engaged in manufacturing of tyres, tubes, flaps, cement, viscose filament, rayon yarn, etc.
"The board of directors of the company at its meeting held today noted the imminent necessity for the company to explore options for reorganising and realigning its existing businesses," the company said in a statement.
The company has constituted a core committee to consider and evaluate steps that the company may need to pursue to implement such reorganisation and realignment, it added.
The stock opened at Rs 112 and hit a 52-week high of Rs 126 on NSE. The counter has seen huge trading activity a combined 8.22 million shares changing hands till 1320 hours on NSE and BSE.
"The board of directors of the company at its meeting held today noted the imminent necessity for the company to explore options for reorganising and realigning its existing businesses," the company said in a statement.
The company has constituted a core committee to consider and evaluate steps that the company may need to pursue to implement such reorganisation and realignment, it added.
The stock opened at Rs 112 and hit a 52-week high of Rs 126 on NSE. The counter has seen huge trading activity a combined 8.22 million shares changing hands till 1320 hours on NSE and BSE.
