The action continues in this Vijay Kedia-owned company, Innovators Façade Systems. Yesterday, the stock was locked at its 10% UC at Rs.66.80 and today it opened stronger at Rs.69.80, went up to Rs.73.35, just a tad away from its UC at Rs.73.45. It is currently trading 8% up at Rs.71.90.
The company yesterday announced that it had been awarded the Work Order of approximately Rs 70 crore for Design, Supply, Fabrication and Installation of Facade Work in Mumbai region from Lodha Group.
More importantly, Vijay Kedia, as at 31st Dec’22 held 10.66% stake in the company.