Shankara Building Products will hold a meeting of the Board of Directors of the Company on 29 January 2021.

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Shankara Building Products announced that as part of operations rationalization program, the company has decided to close its retail stores at the following locations:

Rourkela (Odisha), Jalahalli (Bengaluru), Harohalli (Bengaluru), and Cherlapally (Hyderabad).

Following the closure of the above store, the net count will stand at 97 stores.

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KNR Constructions Ltd, Intellect Design Arena Ltd, Greaves Cotton Ltd and KEI Industries Ltd are among the other gainers in the BSE's 'A' group today, 15 December 2020.

Shankara Building Products Ltd soared 7.01% to Rs 370.05 at 11:48 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 62758 shares were traded on the counter so far as against the average daily volumes of 12392 shares in the past one month.

KNR Constructions Ltd surged 5.38% to Rs 312.35. The stock was the second biggest gainer in 'A' group. On the BSE, 66282 shares were traded on the counter so far as against the average daily volumes of 25993 shares in the past one month.

Intellect Design Arena Ltd spiked 4.98% to Rs 314.9. The stock was the third biggest gainer in 'A' group. On the BSE, 52886 shares were traded on the counter so far as against the average daily volumes of 18919 shares in the past one month.

Greaves Cotton Ltd spurt 4.88% to Rs 89.2. The stock was the fourth biggest gainer in 'A' group. On the BSE, 3.35 lakh shares were traded on the counter so far as against the average daily volumes of 3.28 lakh shares in the past one month.

KEI Industries Ltd gained 4.75% to Rs 440.95. The stock was the fifth biggest gainer in 'A' group. On the BSE, 11594 shares were traded on the counter so far as against the average daily volumes of 21740 shares in the past one month.

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The Board of Shankara Building Products at its meeting held on 30 November 2020 has approved the appointment of Siddharta Mundra, CEO of the company with effect from 30 November 2020.

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