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HomeNewsBusinessStocksRamsarup Ind to demerge Durgapur Steel unit; stock up 11.5%

Ramsarup Ind to demerge Durgapur Steel unit; stock up 11.5%

Ramsarup Industries is going to demerge Durgapur Steel unit with self. Lenders have approved demerger of steel unit, reports CNBC-TV18, quoting Sources. It touched an intraday high of Rs 19.60 and an intraday low of Rs 16.60. At 14:40 hrs the share was quoting at Rs 18.90, up Rs 1.95, or 11.50%.

May 24, 2011 / 15:09 IST

Ramsarup Industries touched an intraday high of Rs 19.60 and an intraday low of Rs 16.60. At 14:40 hrs the share was quoting at Rs 18.90, up Rs 1.95, or 11.50%.

The company is going to demerge Durgapur Steel unit with self. Lenders have approved demerger of steel unit, reports CNBC-TV18, quoting Sources.
 
It was trading with volumes of 148,726 shares, compared to its 5-day average of 19,945 shares, an increase of 645.68%.
 
In the previous trading session, the share closed down 3.69% or Rs 0.65 at Rs 16.95.

Share Price Movement During The Last 12 Months
PeriodPriceLatest PriceGain/Loss (Rs.)% Gain/Loss
3-Days17.4518.901.458.31
5-Days18.1018.900.804.42
7-Days18.2518.900.653.56
15-Days18.3518.900.553.00
1-Month20.8518.90-1.95-9.35
3-Month19.8018.90-0.90-4.55
6-Month34.8018.90-15.90-45.69
9-Month74.8518.90-55.95-74.75
1-Year71.1518.90-52.25-73.44

first published: May 24, 2011 02:44 pm

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