Anant Raj divests stake in realty arm; stock jumps 4%

Anant Raj Industries, a construction and infrastructure developer in North India, climbed almost 4% on Thursday after it has disinvested its entire shareholding of Aakarshak Realators, a wholly owned subsidiary of the company.It received totalconsideration of Rs 285.6 million. Shares ofthe companyare trading at Rs 69.75, up Rs 2.65, or 3.95% at the Bombay Stock Exchange (BSE) on Thursday at 10:38 a.m.The scrip has touched an intra-day high of Rs 70.45 and low of Rs 67.70. The total volume of shares traded at the BSE is 551,228.In the earlier session, the shares rose 3.71%, or Rs 2.4, at Rs 67.10. Currently, the stock is trading down 12.76% from its 52-week high of Rs 79.95 and above 97.59% over the 52-week low of Rs 35.30.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 51.05 16.05 31.44 1 Month 46.40 20.70 44.61 3 Months 48.00 19.10 39.79 6 Months 58.50 8.60 14.70 1 Year 58.00 9.10 15.69 Note: Based on previous day closing price.