Anmol India is a newsmaker today. The stock price opened with a 5.5% upward gap at Rs.184.95, to hit an intraday high at Rs.191.95, with volumes on the counter more than doubling.
The stock price surged as it has been migrated from the BSE SME platform to the mainboard of BSE and NSE. This was effective today. The stock is now traded in the ‘B’ group and trades effected in this scrip will be in unit market lot (i.e. one share).
By moving into the B group, the stock will now see more volumes and over a period of time, we are bound to see an increase in its market cap too.
The company is a wholesale coal supply and trading firm with a good network spread throughout India.