Shankara Building Products’ Bull Run Continues

Shankara Building Products during Friday’s trading session has extended its Thursday’s bull run as the stock hit a high of Rs 1,003.70 per share, rising by Rs 31.55 per share or 4.5% intraday.

The stock on Friday witnessed a huge spurt in volume by more than 1.53 times and since the past two trading session is rising backed by heavy volumes on the BSE.

The retailer of home improvement and building products as zoomed around 18% since the last four trading sessions and has more than doubled against its initial public offer (IPO) price of Rs 460 per share.

The company had raised Rs 345 crore through public issue.

SBPL is one of India’s leading organised retailers of home improvement and building products in India, based on number of stores operating under “Shankara Buildpro”.

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About Suhani Varma

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