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Published on 11/01/2018 12:57:50 PM | Source: Dion Global Solutions Ltd

Jai Corp hits record high on media buzz

Shares of Jai Corp rallied 10 per cent, hitting 52-week high, on the Bombay Stock Exchange after media report suggested that Mukesh Ambani-led Reliance Industries (RIL) is in talks to buy out the company’s stake in Navi Mumbai Special Economic Zone (NMSEZ). Riding high on media reports, stocks of the company gained as much 10 per cent to touch 52-week high of Rs 223.30 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the firm were trading 7.27 per cent higher at Rs 217.75 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 34,536.13, up 103.06 points, or 0.30 per cent, at 12:35 hours.