Akruti shares jump 28% on rumours
TIMES NEWS NETWORK Ahmedabad: Akruti City’s scrip soared 27.5% on Wednesday as punters feasted on the shares of this Mumbai-based realty company, and rumours of stock manipulation did the rounds. The stock, which closed at Rs 2,012, has seen a massive 128% rise from Rs 880 on February 27 to its current level. At the current price, with a market capitalisation of Rs 13,420 crore, Akruti has become the second most valued real estate company after DLF. In the overall market cap league table, the company is ranked 41st, from 90 at the end of February. Sources said some punters are taking the advantage of low floating stock of the company. There were also talks about two rival speculator groups with opposite positions, trying to outsmart the other. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
