Shankara Building opens its 122th store; stock zooms 28% in three days

The stock hit a new high of Rs 2,081, up 7% on the BSE in otherwise weak market after the company announced the opening of its 122nd store at Vijayawada.

Shankara Building Products (SBPL) hit a new high of Rs 2,081, up 7% on the BSE in an otherwise weak market after the company announced the opening of its 122nd store at Vijayawada.

The stock of a leading organized retailer of home improvement and building products in India has rallied 28% in the past three trading sessions from Rs 1,631 on Monday, as compared to 1% decline in the S&P BSE Sensex.

SBPL on Wednesday after market hours announced the opening of its 122nd store under the ‘Shankara Buildpro’ brand at Jawahar Autonagar, Vijayawada - 520007.

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