RPG Life zooms on land sale
By
Research Desk
about 12 years ago
RPG Lifesciences, less than a month ago had hit a new 52-week low at Rs.48.10, today it is up at Rs.70.80, up almost 8% over previous close. Intra day high is at Rs.73.90.
The stock is up in the green after it announced that it had sold surplus land measuring 14.149 square meters in Navi Mumbai for Rs.76.91 crore to Maruti Suzuki. The proceeds from this sale are to be used to reduce its debt and invest in projects.