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

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

Monday, April 10, 2017, 3:42 PM

Shares of Shankara Building rallied 15% to Rs.786 in intra-day trade, extending its Friday’s 9% gain on the 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 IPO price of Rs.460 per share.
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