Fulford India on 20% upper circuit
By
Research Desk
about 11 years ago
Fulford India has been locked on the 20% upper circuit at Rs.823 the moment it opened for trading today morning. Its 52-week high stands at Rs.900.
The stock has hit the roof, reacting to the delisting news it announced on Friday evening. The company has stated that it the promoter of the company, Dashtag has decided to go in for voluntary delisting and given an indicative price for the same at Rs.1150, a substantial premium over Friday’s closing price of Rs.685.85.
The promoter, Dashtag currently holds 74.95% stake in the company and it plans to acquire 25.05% stake for delisting.