Noida Toll Bridge, a company that runs toll roads, was locked in 10 per cent upper circuit on Monday. The stock closed at Rs 36.35 on BSE with volumes of 14.41 lakh shares; on the NSE, it closed at Rs 36.45 with volumes of 17.91 lakh shares.
Dealers said the rise in the stock price is ahead of its right’s issue where the shareholders of the company will get shares between Rs 17-20 per share. The shareholders would get one share for every 5 shares held.
The talk is that various investors are buying the shares to get the rights issue shares, as the issue price is attractive.
Soure: sify.com
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