MRVL spikes up on circuit revision
Shital Jibhe / 28 Dec 2016
The new listed baby, Mandhana Retail Ventures, which is getting a lot of padding from the retail investors due to its association with bollywood macho-man Salman Salim Khan’s brand ‘Being Human’ getting its upper-circuit revised from the exchange. Mandhana Retail recently got listed at Rs 213.40, and reached its upper circuit on December 27. The stock has got a new revision on upper and lower circuit at Rs 216.30/144.20.
The new listed baby, Mandhana Retail Ventures, which is getting a lot of padding from the retail investors due to its association with bollywood macho-man Salman Salim Khan’s brand ‘Being Human’ getting its upper-circuit revised from the exchange. Mandhana Retail recently got listed at Rs 213.40, and reached its upper circuit on December 27. The stock has got a new revision on upper and lower circuit at Rs 216.30/144.20.
The company is garnering a lot of attention recently as the ace investor Rakesh Jhunjhunwala bought close to 13 per cent stake in the company via an off-market transaction. Mandhana Retail Ventures on December 28 opened at Rs 185 and as at 9.29 am is trading at Rs 198.30, up by 10.01 per cent.
On the other hand, its parent company Mandhana Industries as at 9.32 am is trading at Rs 37.15, up by 2.34 per cent. MRVL is the company pursuant to the scheme of demerger of the retail business of Mandhana Industries.
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