Shares of Jindal Stainless surged over 12 per cent today ahead of board meeting to consider a scheme on asset monetization and business reorganization plan (AMP) of the company.
Jindal Stainless’ stock climbed 12.37 per cent to settle at Rs 36.80 on the BSE. In intra-day session, it surged 14.19 per cent to Rs 37.40.
On the NSE, it rose by 12.23 per cent to end at Rs 36.70.
In terms of volume, 7.98 lakh shares of the company changed hands on the BSE, while over 23 lakh shares were traded on the NSE during the day.
Jindal Stainless Ltd had informed BSE on Monday that a meeting of the Board of Directors of the company will be held on December 29, 2014, inter alia, to consider and approve a scheme on “Asset Monetization and Business Reorganization Plan” (AMP).