Business Standard

Rushil Decor extends rally on land sale plan

The stock has rallied over 20% in past two trading sessions after its board approved the sale, lease or otherwise dispose of the selective land in Gujarat.

Image

SI Reporter Mumbai
Rushil Décor has rallied 17% to Rs 64, extending its previous day’s 3% gain, on back of heavy volumes on the bourses. The stock opened at Rs 55.50 and touched high of Rs 65 so far on the BSE.

A combined 794,000 shares already changed hands so far against an average 300,000 shares that were traded daily in past two weeks on the BSE and NSE.

On January 10, after market hours, Rushil Decor said its board of directors approved the procedures for conducting postal ballot for the sale, lease or otherwise dispose of the selective land approximately 14 acres, existing building on these selective land, selective plant & machinery of Particle Board Manufacturing Unit (The Navalgadh Unit) in Surendranagar District, Gujarat to a prospective buyer and balance 25 acres industrial land to any person(s).

 
 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 14 2014 | 12:47 PM IST

Explore News