Dredging Corporation zooms over 50% in four trading days

The stock hit a 52-week high of Rs 716 in intra-day, rallied 51% from Rs 475 on March 10, 2017.

Dredging Corporation of India hit its 52-week high of Rs 716, up 14% on BSE, extending its past three days rally on back of heavy volumes.

The stock of state-owned shipping company zoomed 51% in past four trading sessions from Rs 475 on Friday, March 10, 2017, as compared to 2.6% rise in the S&P BSE Sensex.

Last week, there was report that the government may sell 51% stake in Dredging Corporation of India.

While the company, said to the exchanges, that it has no specific official communication from the government regarding stake sale.

As of