 "Shankara")
Shankara Building Products (SBPL) has moved higher to Rs 1,418, up 8% in intra-day trade, extending its Tuesday’s 9% rally on BSE on the back of heavy volumes.
Since listing on April 5, 2017, the stock price of the company zoomed 124% from Rs 633, as compared to 6% rise in the S&P BSE Sensex. It soared 208% against its initial public offer (IPO) price of Rs 460 per share. The company raised Rs 345 crore through IPO, which was subscribed 41.88 times.
Post listings, the institutional investors led by mutual funds and foreign portfolio investors (FPIs) increased
Since listing on April 5, 2017, the stock price of the company zoomed 124% from Rs 633, as compared to 6% rise in the S&P BSE Sensex. It soared 208% against its initial public offer (IPO) price of Rs 460 per share. The company raised Rs 345 crore through IPO, which was subscribed 41.88 times.
Post listings, the institutional investors led by mutual funds and foreign portfolio investors (FPIs) increased
