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HomeNewsBusinessStocksIndiabulls Sec plans major biz restructuring; stk up 13%

Indiabulls Sec plans major biz restructuring; stk up 13%

Indiabulls Securities is planning major business restructuring, quoting NewsWire18, reports CNBC-TV18. It touched an intraday high of Rs 23.15 and an intraday low of Rs 20. At 09:58 hrs the share was quoting at Rs 22.60, up Rs 2.65, or 13.28%.

January 24, 2011 / 10:04 IST

Indiabulls Securities touched an intraday high of Rs 23.15 and an intraday low of Rs 20. At 09:58 hrs the share was quoting at Rs 22.60, up Rs 2.65, or 13.28%.

The company is planning major business restructuring. It may close down 35-40% of branches. The company is going to downsize retail segment to cut costs, quoting NewsWire18, reports CNBC-TV18.
 
It was trading with volumes of 880,445 shares, compared to its five-day average of 223,525 shares, an increase of 293.89%.
 
In the previous trading session, the share closed at Rs 19.95.

Share Price Movement During The Last 12 Months
PeriodPriceLatest PriceGain/Loss (Rs.)% Gain/Loss
3-Days20.1022.602.5012.44
5-Days20.2522.602.3511.60
7-Days20.4522.602.1510.51
15-Days22.7022.60-0.10-0.44
1-Month21.9022.600.703.20
3-Month28.6022.60-6.00-20.98
6-Month27.5522.60-4.95-17.97
9-Month31.9022.60-9.30-29.15
1-Year33.5522.60-10.95-32.64

first published: Jan 24, 2011 10:02 am

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