Standard Industries approves development of land in Navi Mumbai

Standard Industries Ltd has announced that the Board of Directors of the Company at its meeting held on August 10, 2007, has considered and ratified the proposed arrangement to be entered into with CapitaLand Financial Ltd, Singapore in respect of development of approximately one third of the Company's plot of land at village Ghansoli, Navi Mumbai.

The stock was trading at Rs.88.30, up by Rs.4.20 or 4.99%. The stock hit an intraday high of Rs.88.30 and low of Rs.87. The total traded quantity was 121058 compared to 2 week average of 239846.

Source : Equity Bulls

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