Indiabulls Wholesale Services Limited finds all buyers; locked at upper circuit
DSIJ Intelligence / 17 Apr 2017
On Monday, stocks of Indiabulls Wholesale Services Limited, renamed ‘SORIL Holdings and Ventures Limited’ recently, have been locked at their upper circuit.
On Monday, stocks of Indiabulls Wholesale Services Limited, renamed ‘SORIL Holdings and Ventures Limited’ recently, have been locked at their upper circuit.
The stock touched its upper circuit of Rs 49.85 per share, being up by 19.98 per cent. In past three months, it has gained nearly 70 per cent.
On NSE the traded volume of the stock stands at 44,21,274 share; while traded value is quoted at Rs 21.39 cr.
The restructuring plans at Indiabulls Real Estate company have led to the upsurge in Indiabulls Group's stocks. Indiabulls Ventures Limited at Rs 90 per share was also locked at upper circuit, being up by 4.96 per cent.
Indiabulls Wholesale is in the business of wholesale trading of several consumer or industrial products and commodities in few Indian cities. The company is trying to gain ground in this segment.
Market experts believe that the aftereffect of restructuring plans at Indiabulls Real Estate would also be seen in the performance of other companies of the group. The management would get a chance to focus on its varied businesses effectively and individually.
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