HOV Services hits 52-week high ahead of board meet

The stock surged 13% to Rs 173 on BSE in intra-day trade on back of heavy volumes

HOV Services surged 13% to Rs 173, also its 52-week high on the BSE in intra-day trade, ahead of board meeting on Wednesday, February 22, 2017, to consider certain matters related to its investment in its subsidiaries and associates.

Since January 19, the stock rallied 36% from Rs 127, as compared to 4.5% rise in the S&P BSE Sensex.

At 11:32 am; it was up 9% at Rs 167 against 0.17% decline in the benchmark index. The trading volumes on the counter more than doubled with a combined 1.09 million shares changed hands on the BSE and NSE