Sarup Tanneries ties up with Metropolitan MGF

Sarup Tanneries Ltd has announced that the Company has tied up with Metropolitan MGF for setting up a "Multiplex Cum Shopping Mall" at a prime location in the heart of city at Jalandhar.

Bhumi Poojan for this project was done on September 10, 2007 and construction of the project has been started. The total land for this project is about 4 acres and the built up area will be around 6 lakhs sqfts.

The construction work has been entrusted to M/S Leighton.

The stock closed the day at Rs.30.10, down by Rs.0.85 or 2.75%. The stock hit an intraday high of Rs.31 and low of Rs.30.10. The total traded quantity was 719 compared to 2 week average of 963.

Source : Equity Bulls

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