Shankara Building hits new high; stock rallies 58% in two weeks

The stock hit a new high of Rs 2,346, rallied 58% in the past two weeks from Rs 1,484 on November 21, as compared to 2% decline in Sensex

Shares of Shankara Building Products continued their upward journey, hitting a new high of Rs 2,346, up 6% on the BSE in an otherwise subdued market.

The stock has rallied 58% in the past two weeks from Rs 1,484 on November 21, as compared to 2% decline in the S&P BSE Sensex.

On Monday, the company said its board will meet on Tuesday, December 12, 2017 to consider and review working capital requirements and realignment of working capital limits and other matters.

Last week, it had opened two additional stores under the “Shankara Buildpro” brand in Vijayawada