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This Article is From Jun 08, 2017

Binny Clocks Double-Digit Gains For Second Day  

Binny Ltd. Clocks Double-Digit Gains For Second Day  

 Binny Clocks Double-Digit Gains For Second Day  
Spools of thread sit on display in a factory (Photographer: Sean Proctor/Bloomberg)

Shares of textile manufacturer Binny Ltd. jumped over 16 percent intra-day on heavy volumes on Thursday. Today's rise follows a 20-percent upper circuit a day before. In fact, the company's market value has risen nearly 44 percent in the last five trading sessions.

Trading volumes jumped 5.2 times its 20-day average. The Chennai-based firm has a market capitalisation of Rs 770 crore and has gained almost 364 percent so far this year.

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