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26-Sep2017

Shankara Building Products gains on opening 118th store at Bangalore

Shankara Building Products is currently trading at Rs. 1428.80, up by 24.35 points or 1.73% from its previous closing of Rs. 1404.45 on the BSE.

The scrip opened at Rs. 1401.65 and has touched a high and low of Rs. 1439.50 and Rs. 1390.65 respectively. So far 29,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1519.55 on 08-Sep-2017 and a 52 week low of Rs. 545.00 on 05-Apr-2017.

Last one week high and low of the scrip stood at Rs. 1440.00 and Rs. 1367.05 respectively. The current market cap of the company is Rs. 3,263.00 crore.

The promoters holding in the company stood at 74.94%, while institutions and non-institutions held 21.28% and 3.78% respectively.

Shankara Building Products has opened its 118th store under the 'Shankara Buildpro' brand at Bommasandra Industrial Area, Bangalore. The store admeasures approximately 3,000 square feet, with this new store, the retail presence of the company spans across a total area of 4,41,103 square feet.

Recently, the company had opened its 117th store under the 'Shankara Buildpro' brand at Hinkal Ring Road, Hinkal, Mysore. The store admeasures approximately 22,100 square feet.

Shankara Building Products is one the leading organized retailers of home improvement and building products in India based on number of stores, operating under the brand name Shankara Buildpro.



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