Tips Industries surges 16%, nears record high on film biz demerger plan
Shares of Tips Industries hit a 20-year high of Rs 368, after rallying 16 per cent on the BSE on Friday after the company announced demerger plan of its film business. The stock of the movie & entertainment company was trading at its highest level since December 2000. It hit a record high of Rs 425.95 on December 13, 2000, data shows. At 10:11 am, Tips Industries was trading 12 per cent higher at Rs 355, as compared to 0.35 per cent rise in the S&P BSE Sensex. A combined 217,000 equity shares were changing hands on the counter on the NSE and BSE. “A meeting of the board of directors of t...
Source: business-standard.com