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Shankara Building extends rally; surges over 70% against IPO price

The stock rallied 15% to Rs 786 in intra-day trade, extending its Friday's 9% gain on the NSE

Shankara
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SI Reporter Mumbai
Shares of Shankara Building Products rallied 15% to Rs 786 in intra-day trade, extending its Friday’s 9% gain on the National Stock Exchange (NSE) in an otherwise weak market. The Nifty 50 index was down 0.84% in the past two trading days.

With a gain of over 20% in the last two trading sessions, the stock is currently trading 71% higher against its initial public offer (IPO) price of Rs 460 per share.

Home improvement and building products company Shankara Building Products made a stellar trading debut on Wednesday, April 5, 2017. Shares of the company closed at

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