Bombay Dyeing shares jump 20%, hit 52-wk high after land deal

New Delhi: Shares of Bombay Dyeing on Thursday ended with a jump of over nine per cent after hitting the 52-week high level during the day as the Wadias-run firm announced the sale of a 22-acre land parcel to Japan’s Sumitomo for Rs 5,200 crore. The stock rallied 19.97 per cent to Rs168.50 -- its 52-week high as well as the upper circuit limit -- on the BSE during the day.

Shares of the company finally ended at Rs 153.10 apiece, up 9.01 per cent. At the NSE, it zoomed 20 per cent to reach its 52-week high of Rs 168.60 during the trade.

The stock ended at Rs 153.40, rallying 9.18 per cent. In traded volume terms, 33.02 lakh shares of the firm were traded at the BSE and over 4 crore shares at the NSE during the day. In one of the biggest land deals in the financial capital, Wadias-run Bombay Dyeing on Wednesday announced the sale of a 22-acre land parcel to Japan’s Sumitomo for Rs 5,200 crore.