The Central Bank has now allowed foreign institutional investors (FIIs) and foreign portfolio investors (FPIs) to invest up to 49 per cent of the paid-up capital in Gammon Infrastructure Projects.
Gammon Infrastructure Projects skyrocketed almost 20 percent to a high of Rs. 13.35 in opening deals on RBI approval for fresh FII buying at the counter.
According to media reports, the Central Bank has now allowed foreign institutional investors (FIIs) and foreign portfolio investors (FPIs) to invest up to 49 per cent of the paid-up capital in Gammon Infrastructure Projects.
The stock is now up 14.6 percent at Rs. 12.78. The counter has seen huge volume of around 157,000 shares as against the two-week daily average volume of around 109,000 shares on the BSE.
Meanwhile, the Sensex has pared gains and is now up 39 points at 27,604.
According to media reports, the Central Bank has now allowed foreign institutional investors (FIIs) and foreign portfolio investors (FPIs) to invest up to 49 per cent of the paid-up capital in Gammon Infrastructure Projects.
The stock is now up 14.6 percent at Rs. 12.78. The counter has seen huge volume of around 157,000 shares as against the two-week daily average volume of around 109,000 shares on the BSE.
Meanwhile, the Sensex has pared gains and is now up 39 points at 27,604.
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