Anant Raj hits a new high
By
Research Desk
about 8 years ago
Anant Raj hit a new 52-week high today at Rs.55, with volumes spurting up by over 6 times.
The much anticipated news on the demerger has finally come in. The market was expecting this demerger news for the past couple of years and it has happened now. The company yesterday announced that it has decided to demerge its real estate and project divisions.
The market is thrilled because post the demerger of the project division into Anant Raj Global, the company plans to list this company on the bourses.
This is the move in the right direction and will be value accretive in the long run for the shareholders of Anant Raj.