Noida Toll Bridge up on LSE move

DALAL STREET SPIKES

Share prices of Noida Toll Bridge (SPV) surged 18 per cent on news that the company has been admitted to the London Stock Exchange's (LSE's) special market for innovative and high growth companies.

The stock, which ended at Rs 24.90 on the BSE today, saw volumes of 62 lakh against an average of around four lakh in the last two weeks. The stock has been moving up in the last two months, gaining more than 50 per cent during the period.

The company, originally set up to provide bridges over the Yamuna in Delhi, has of late aggressively pursued diversification including bidding for construction of flyovers in Delhi. It has also raised its FII investment limit to 74 per cent of its paid-up equity capital.