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Shares of Jubilant Industries were up nearly 3% at Rs 174, extending their week-long rally on the National Stock Exchange (NSE), amid an otherwise subdued market. The stock hit a fresh 52-week high of Rs 180 in intra-day trades today.
In the past eight trading sessions, the stock has zoomed 75% from Rs 99.60 on May 4, 2015 compared with a 1.8% fall in CNX Nifty.
On May 12, Aditya Birla Retail acquired Jubilant Industries' hypermarket business in a slump sale deal.
In a BSE filing, Jubilant Industries said Aditya Birla will acquire "four hypermarket stores in Bengaluru, India, along with certain specified assets and liabilities, including dedicated employees, contracts, licences, permits, consents and approvals related to Jubilant Agri and Consumer Products Ltd, a wholly-owned subsidiary of Jubilant Industries".
The retail segment had reported a loss before interest and tax of Rs 23.40 crore for the quarter ended March 2015 against Rs 7.03 crore in the previous year's corresponding quarter.
Jubilant Industries Ltd is a part of the Jubilant Bhartia Group and is engaged in the business of agri and performance polymers.
In the past eight trading sessions, the stock has zoomed 75% from Rs 99.60 on May 4, 2015 compared with a 1.8% fall in CNX Nifty.
On May 12, Aditya Birla Retail acquired Jubilant Industries' hypermarket business in a slump sale deal.
In a BSE filing, Jubilant Industries said Aditya Birla will acquire "four hypermarket stores in Bengaluru, India, along with certain specified assets and liabilities, including dedicated employees, contracts, licences, permits, consents and approvals related to Jubilant Agri and Consumer Products Ltd, a wholly-owned subsidiary of Jubilant Industries".
The retail segment had reported a loss before interest and tax of Rs 23.40 crore for the quarter ended March 2015 against Rs 7.03 crore in the previous year's corresponding quarter.
Jubilant Industries Ltd is a part of the Jubilant Bhartia Group and is engaged in the business of agri and performance polymers.
