Binani Cement settles 3 pc higher, Binani Ind hit upper-limit

MUMBAI: Binani Cement today rallied over three per cent on the Bombay Stock Exchange, taking forward its upward journey for the fourth consecutive day, following the company's decision to delist shares.

Shares of the cement manufacturer surged by 3.07 per cent to Rs 102.45 on BSE. During the session, it had zoomed by 8.65 per cent to touch an intra-day high of Rs 108.

The scrip has gained 21.51 per cent in the last three trading sessions.

On the National Stock Exchange, the stock gained 2.92 per cent to close at Rs 102.30.

On the volume front, over 52.39 shares of the company were traded on the bourses.

Binani Cement shared its winning streak with its holding entity Binani Industries, which soared by a whopping 20 per cent on BSE, to touch its upper-circuit at Rs 168.30.

Meanwhile, the broader gauge Sensex finished at 20,250.26, down 65.06 points.

Binani Cement, on Wednesday, said its promoter company Binani Industries will acquire all the shares held by the company and delist it from the stock exchanges.