 "Forbes and Company zooms over 70% in six-days")
Shares of Forbes and Company has locked in upper circuit of 10% at Rs 1,308, extending its past five days rally on the BSE.
Currently, the stock is trading at its record high level, rallied 73% in past six trading sessions from Rs 757 on November 17. The benchmark S&P BSE Sensex gained 0.59% during the same period.
At 1239 hours, around 17,000 shares changed hands against an average around 4,000 shares that were traded daily in past two weeks on BSE. There are pending buy orders for 4,637 shares, BSE data shows.
On October 30, 2014, the company said that the board of directors had ‘in-principle’ approved the launching the project and other related activities for development of land in Chandivali, Mumbai subject to necessary approvals.
Earlier in December 2011, the company had intimated settlement of dispute with a developer for developing a part of this land and that as per the consent terms the company is entitled to 50% share of the development of aforesaid land.
Forbes & Company, a Shapoorji Pallonji Group firm, has three main businesses, namely engineering, shipping and logistics and transaction management solutions.
Many of these businesses have joint ventures with world leaders and are present throughout India and in many other countries.
Currently, the stock is trading at its record high level, rallied 73% in past six trading sessions from Rs 757 on November 17. The benchmark S&P BSE Sensex gained 0.59% during the same period.
At 1239 hours, around 17,000 shares changed hands against an average around 4,000 shares that were traded daily in past two weeks on BSE. There are pending buy orders for 4,637 shares, BSE data shows.
On October 30, 2014, the company said that the board of directors had ‘in-principle’ approved the launching the project and other related activities for development of land in Chandivali, Mumbai subject to necessary approvals.
Earlier in December 2011, the company had intimated settlement of dispute with a developer for developing a part of this land and that as per the consent terms the company is entitled to 50% share of the development of aforesaid land.
Forbes & Company, a Shapoorji Pallonji Group firm, has three main businesses, namely engineering, shipping and logistics and transaction management solutions.
Many of these businesses have joint ventures with world leaders and are present throughout India and in many other countries.