Maytas Infra hits upper circuit

The stock closed today at its 5% upper circuit level at Rs 71 with buy orders of 70,415 shares pending at the counter. Around 80,294 shares were traded on the BSE.
_______________________________________________________

(Updated at 1423 hrs)

Maytas Infrastructure has hit the upper-circuit after the company announced its plan to sell part of its stake in two expressway projects.

The stock opened at its 5% upper circuit of Rs 71, and remains locked at the same price. Only 200 shares have been traded on the BSE .

Maytas owns 50% in each of two these projects Cyberabad Expressway and Hyderabad Expressway. The company intends to sell 36% stake in each of these projects.