Shankara Building hits 52-week high; surges 42% in 2 weeks

On January 28, 2022, Crisil Ratings had reaffirmed its 'CRISIL BBB+/Stable/CRISIL A2' rating on the bank facilities and commercial paper

Shares of Shankara Building Products hit a 52-week high of Rs 705, gaining as much as 4 per cent on the BSE in Thursday's intra-day trade, in an otherwise subdued market. In comparison, the S&P BSE Sensex was down 0.18 per cent at 57,894 at 10:11 AM.

In the past two weeks, the stock of the building and home improvement products company has zoomed 42 per cent from Rs 498 levels. The stock had hit a record high of Rs 2,365 on December 5, 2017.

"There is no undisclosed/price sensitive information or any impending announcement / corporate action