Mandhana Industries glitters on MRVL listing
DSIJ Intelligence / 14 Dec 2016
Mandhana Industries, which had hit the upper circuit on December 13, has continued to glitter on December 14 as well. The company's shares, which had previously closed at Rs 30.70, were trading at Rs 34.40 on December 14 as at 10.03 a.m., up by 12.05 per cent.
Mandhana Industries, which had hit the upper circuit on December 13, has continued to glitter on December 14 as well. The company's shares, which had previously closed at Rs 30.70, were trading at Rs 34.40 on December 14 as at 10.03 a.m., up by 12.05 per cent. Mandhana Retail Ventures Ltd (MRVL) got listed at Rs 224, four per cent higher than its pre-opening rates.
MRVL is the company pursuant to the scheme of demerger of the retail business of Mandhana Industries. The company made a lot of headwinds after it announced that 'Being Human', the Salman Khan Foundation, has executed an agreement with MRVL.
The share price of Mandhana Industries in the last three months had fallen by 33 per cent. In the last six months, the scrip had plunged by more than 70 per cent. The 52-week high and low of the stock 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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