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Mangalore Chemicals surges on heavy volumes

The company said Dr.Vijay Mallya, a director on the board of directors of the company, has resigned with immediate effect.

MCFL’s facility
SI Reporter Mumbai
Last Updated : Dec 01 2014 | 10:01 AM IST
Shares of Mangalore Chemicals and Fertilizers has surged nearly 15% to Rs 93.50 on NSE after the company said Dr.Vijay Mallya, a director on the board of directors of the company, has resigned with immediate effect.

The stock opened at Rs 84 and hit a high of Rs 98.95 on NSE. Till 0955 hours, a combined 780,160 shares changed hands on the counter as against an average sub 100,000 shares that were traded daily in past two weeks on NSE and BSE.

 

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First Published: Dec 01 2014 | 10:00 AM IST

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