Business Standard

Shankara Building Products hits new high; zooms 110% against IPO price

The stock was up 7% at Rs 968, extending its Wednesday's 8% rally on BSE on back of heavy volumes

Shankara
Premium

SI Reporter Mumbai
Shankara Building Products (SBPL) was up 7% at Rs 968, extending its Wednesday’s 8% rally on BSE on back of heavy volumes.

The stock of retailer of home improvement and building products is trading at its highest level since listing on April 5, 2017. It has zoomed 110% against its initial public offer (IPO) price of Rs 460 per share. The company had raised Rs 345 crore through public issue.

A combined 202,745 shares have already changed hands on the counter in first 10 minutes of trading against an average sub 200,000 shares were traded daily in past

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