On an intraday basis on Thursday, the share surged more than 8% to reach a daily high of Rs 377.55 per share on the BSE.
The Indian domestic index opened lower on Thursday as heavy losses in utilities and power stocks weighed on it. BSE Oil & Gas and his BSE Metals ended the session significantly higher, while most of the sectoral indices traded lower at the close.
BSE Sensex closed down 0.31% to the 60,858 level. The Nifty 50 Index fell 0.32% to the level of 18,107. Despite the declines, the broad indices outperformed the major indices.
Shares of Mahindra Lifespace Developers, one of top gain The rise of the BSE Small Cap Index in early trading caught the attention of investors with its strong upward trend in an otherwise weak market.
On an intraday basis on Thursday, the stock surged more than 8% to a daily high of Rs 377.55 per share on the BSE on a strong surge in trading volumes. One of the reasons for this rise was a recent announcement by the company.
The real estate giant has announced that it has been selected as a preferred partner to redevelop two adjacent residential associations in Santacruz West, one of Mumbai’s most exclusive residential areas. The project has a potential revenue of around Rs.500 crore.
Keep an eye on this script for future sessions.