The acquisition will augment the company's existing reserves of limestone.
Share price of Kesoram Industries surged 8 percent in the early trade on Friday after it received Karnataka government approval for land acquisition.
The company received a Karnataka government approval for acquisition of some 675 acres of land for Industrial purpose (Mining Activities).
The acquisition will augment the company's existing reserves of limestone.
The share touched its 52-week high Rs 173.25 and 52-week low Rs 62.25 on 10 January, 2018 and 25 September, 2018, respectively.
Currently, it is trading 59.45 percent below its 52-week high and 12.85 percent above its 52-week low.
At 09:24 hrs Kesoram Industries was quoting at Rs 70.10, up Rs 3.25, or 4.86 percent on the BSE.
Best services for customers with full technical support make your Financial Trading more easy click here to subscribe us for free >>Nifty Future Tips and Ripples Advisory
No comments:
Post a Comment