Anant Raj Industries is trading higher by 5% at Rs 70.20 on back of heavy volumes after the company sold its subsidiary Aakarshak Realtors for Rs 28.6 crore.
“The company has disinvested its entire shareholding of Aakarshak Realators Private Limited, a wholly owned subsidiary of the company, for a total consideration of Rs 28.56 crore,” Anant Raj Industries said in a filing.
The stock of real estate firm has outperformed the market by surging over 30% in past three trading sessions from Rs 54.15 as compared to a marginal 0.12% rise in benchmark Sensex.
The stock opened at Rs 69.95 and hit a high of Rs 70.90 on the BSE. A combined 2.9 million shares have already changed hands on the counter till early noon deals, against an average sub three million shares that were traded daily in past two weeks.
