Jai Corp has surged 12% to Rs 58.60 on hopes that the company would benefit from development of its Navi Mumbai SEZ after the Maharashtra government on Monday cleared major hurdles for the much awaited Navi Mumbai International Airport project.
The Maharashtra chief minister Prithviraj Chavan offered the country’s biggest compensation and rehabilitation package to the project-affected farmers. The first phase of the airport is expected to be functional in three-and-a-half years, the newspaper report suggests.
Jai Corp, which is also into developing Special Economic Zones (SEZs), infrastructure and real estate, is likely to gain from its investments in the Navi Mumbai SEZ which is close to the Navi Mumbai Airport.
The stock opened at Rs 57 and touched high of Rs 60.25 on BSE. The counter has seen huge trading volumes with a combined 4.02 million shares have already changed hands till 1000 hours as against an average sub one million shares that were traded daily in past two weeks on BSE and NSE.
The Maharashtra chief minister Prithviraj Chavan offered the country’s biggest compensation and rehabilitation package to the project-affected farmers. The first phase of the airport is expected to be functional in three-and-a-half years, the newspaper report suggests.
Jai Corp, which is also into developing Special Economic Zones (SEZs), infrastructure and real estate, is likely to gain from its investments in the Navi Mumbai SEZ which is close to the Navi Mumbai Airport.
The stock opened at Rs 57 and touched high of Rs 60.25 on BSE. The counter has seen huge trading volumes with a combined 4.02 million shares have already changed hands till 1000 hours as against an average sub one million shares that were traded daily in past two weeks on BSE and NSE.
