Mumbai, Oct 27: Even as the tussle between the AH Dalmia group and the promoter of real estate company Gesco Corp hots up in the hostile bid for the takeover of Gesco, the gainers seem to the company's shareholders, with the scrip rising by over 125 per cent since the beginning of this month.Just a few months ago when the scrip was languishing below the par value between Rs 6-7, there has been a sudden jump in the share price.
From a close of Rs 15 in the beginning of the month, the counter started getting attraction of the market, especially after the 20th of this month, when the open offer at Rs 27 was made by the AH Dalmai group. On Friday, it closed at Rs 34.45 (up 7.8 per cent) on BSE and Rs 36.45 (up 7.4 per cent) on NSE. This translates into a rise of 125 per cent and 141 per cent on BSE and NSE respectively in a period of less than a month.
With the rising share price, there has also been increased volumes on the NSE from an average of 30,000 shares in the first week of October.
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