Shankara Building jumps about 14% in two days

Shankara Building Products surged 12.86% to Rs 294 on the BSE, amid fresh buying support.

Shares of Shankara Building Products soared 13.79% in two trading sessions to its current market price of Rs 294, from a recent closing low of Rs 258.35 on 3 September 2019.

On BSE, 35,000 shares were traded in Shankara Building Products counter, compared to a 2-week average of 2,226 shares. The share price hit an intraday high of Rs 304.90 and an intraday low of Rs 261.

It hit a 52-week high of Rs 1,541.95 on 5 September 2018 and a 52-week low of Rs 240 on 5 August 2019.

 

Meanwhile, India Ratings and Research (Ind-Ra) downgraded Shankara Building Products' (SBPL) long-term issuer rating to 'IND A-' from 'IND A'. The outlook is stable.

Shankara Building Products is engaged in the business of organized retailer of home and building products.

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