Mandhana Industries hits upper circuit
DSIJ Intelligence / 13 Dec 2016

Mandhana Industries has hit upper circuit on December 13. The shares of the company, which had previously closed at Rs 25.60, opened eight per cent higher and as at 2.39 p.m were trading at Rs 30.70, up by 19.92 per cent.
Mandhana Industries has hit upper circuit on December 13. The shares of the company, which had previously closed at Rs 25.60, opened eight per cent higher and as at 2.39 p.m were trading at Rs 30.70, up by 19.92 per cent.
The company made a lot of headwinds after it announced that 'Being Human', the Salman Khan Foundation, has executed an agreement with Mandhana Retail Ventures Ltd (MRVL). MRVL is the company pursuant to the scheme of demerger of the retail business of Mandhana Industries which is getting ready to list on the bourses on December 14.
The share price of Mandhana Industries in the last three months has fallen by 33 per cent. In the last six months, the scrip has plunged by more than 70 per cent. The 52-week high and low of the stocks stands at Rs 124.55 and Rs 16.93, respectively. The share continued to spice up on early trades on December 14.
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