Talwalkars has a good life on bourses!

Talwalkar’s Better Life is indeed having a good life today on the bourses! The stock has hit a new 52-week high at Rs.182 and volumes have jumped by over 12 times.  Coming off the highs, it continues to remain firmly in the green, up 12% at Rs.178 levels.

The stock is up in the spotlight today on unconfirmed news that  one of UK’s large health and fitness group, the David Lloyd is looking at acquiring a 20% stake in Talwalkars. The equity deal is expected to help both the companies expand their networks of providing consultancy services.  This is not a new association for Talwalkars with David Lloyd as in 2012, it had formed a partnership to provide consulting for leisure and sports clubs in high end apartments, corporate campuses and various gated communities. And this partnership is now being logically extended to an equity association too. This is good news for the company as it will give an added edge over existing competitors like Fitness First and Gold Gym.