Akruti Citi touched 52-week high of 2,145 yesterday before closing 27% higher than its previous close.
It is to be noted that realty sector is of the most concern now-a-days and Akruti Citi is gaining every day. Experts do not find any fundamental reason for its rising price.
The stock has soared more than 100% in a week. On Mar 9, it closed at 994.70. During the market it jumped from its previous close of Rs. 1,577 to Rs. 2,145 on BSE (52-week high), and closed at 2,012.
In realty sector if price of any shares rise more than 10% then profit booking is expected. In case of Akruti it jumped 100% and no profit booking is seen yet.
The promoters and promoter groups hold about 90% of the shares and liquidity of shares is very limited.
On March 17, bulk deal data on the BSE indicated that OPG Securities bought over 4.57 lakh shares at Rs 1,518.65, only to offload it the same day at Rs 1,519.87. Even on Wednesday OPG Securities bought over 6.29 lakh share at Rs 1,838.24 and offloaded it at Rs 1,839.01.
It is to be noted that realty sector is of the most concern now-a-days and Akruti Citi is gaining every day. Experts do not find any fundamental reason for its rising price.
The stock has soared more than 100% in a week. On Mar 9, it closed at 994.70. During the market it jumped from its previous close of Rs. 1,577 to Rs. 2,145 on BSE (52-week high), and closed at 2,012.
In realty sector if price of any shares rise more than 10% then profit booking is expected. In case of Akruti it jumped 100% and no profit booking is seen yet.
The promoters and promoter groups hold about 90% of the shares and liquidity of shares is very limited.
On March 17, bulk deal data on the BSE indicated that OPG Securities bought over 4.57 lakh shares at Rs 1,518.65, only to offload it the same day at Rs 1,519.87. Even on Wednesday OPG Securities bought over 6.29 lakh share at Rs 1,838.24 and offloaded it at Rs 1,839.01.
