Aster Silicates Ltd. Soars 69% on Entrance

Posted on Wednesday, July 28th, 2010 and is filed under BBC News India. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

BBC News India: Aster Silicates Ltd. Soars 69% on Entrance

(BBC News Blog) Mumbai Shares of Aster Silicates Ltd. in our day shot up by virtually 69 apiece cent now its entrance trade on the BSE, above its make value of Rs 118.

element manufacturer Aster Silicates opened on a resolved take notice of at Rs 127.70, up 8.22 apiece cent, aligned with the make value of Rs 118 apiece equity. The scrip zoomed 90.67 apiece cent to stroke an intra-day soaring of Rs 225 on the Bombay stockpile conversation. It decisively established up 68.72 apiece cent at Rs 199.10.

now a analogous trend on the state stockpile conversation, the stockpile blocked at Rs 214, up 81.36 apiece cent.

On the volume front, a tote up of above nine crore shares of the company changed hands on the two bourses.

The broader market Sensex blocked at 17,957.37, down 120.24 points.

The Rs 53-crore opening in the public domain offer of the company had opened on June 24 and blocked on June 28. The value posse was fixed at Rs 112-118.

Meanwhile, FMCG main Emami Ltd’s realty arm Emami Infrastructure established down 59 apiece cent at Rs 101.70 on the BSE from its opening value of Rs 250. in the course of the daylight, the scrip soared 17.2 apiece cent to stroke a soaring of Rs 293.

On the state stockpile conversation, the stockpile blocked at Rs 103.70, down virtually 83 apiece cent from its opening value at Rs 598.80.

The realty undertaking of Emami Ltd was demerged into Emami Infrastructure Ltd (EIL).

The company had earlier alleged present was veto intend representing an IPO, and the catalog would transpire done following shareholders’ esteem to hive inedible its realty arm.

Back to: BBC News India

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