Peninsula Land Ltd in demand, surges ahead 6.45%

The Piramal Group's realestate company Peninsula Land Ltd was in demand during the day's trading. The stock surged ahead in NSE to Rs.579.90 before closing at Rs.539.45, up by Rs.32.70 or 6.45%. The stock opened the day at Rs.507.05 compared to its previous close of Rs.506.75. The intraday low was Rs.506.

The total traded quantity was 2226791 shares at an average price of Rs.553.77 resulting in a turnover of Rs.12331.3 Lakhs. The percentage of Deliverable Quantity to Traded Quantity was just 9.48 with Deliverable Quantity of 211138 shares.

In BSE, the stock opened the day at Rs.512.40 and closed at Rs.539.60, up by Rs.32.65 or 6.44%. The stock hit an intraday high of Rs.599 and low of Rs.504. The total traded quantity was 1328601 compared to 2 week average of 323669.

The stock has been buzzing ever since it was included in the F&O list. Earlier during the week High Court of Mumbai sanctioned the Scheme of Amalgamation of The Dawn Mills Company Ltd with the Company.

Source : Equity Bulls

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