/ Modi Rubber Puts Up A Stellar Performance, Soars 91% In 5 Trading Days ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 29 March 2017

For the fifth straight trading session, the stocks of Modi Rubber Limited (MRL) extended their gains in Wednesday’s trading session, to hit its upper circuit at Rs 84 or 10%. The stock on the BSE also hit its fresh 52-week high.

The auto tyre and rubber products manufacturer rallied 91% from Rs 43.80 on March 22.  The company holds 3.14 million shares of the unlisted entity Xerox India. As of 11.25 am nearly 35,000 shares changed hands as compared to the average 14,000 shares that were traded in past two weeks. While there were 9,975 shares pending for buy orders on the BSE.

Modi Rubber Limited is an India-based company, engaged in operating rental and real estate, guest houses, and is in the tubes and tyres business. The company is engaged in manufacturing automobile tyres, tubes and flaps, and other allied products. 

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