Investors relish Bairaha

Tuesday, 4 January 2011 00:01 - - {{hitsCtrl.values.hits}}

Last year’s biggest gainer Bairaha Farms continued from where it stopped as it peaked to a high of Rs. 399 on 2011 debut trading before closing at Rs. 377.30, still up by Rs. 53 or 16.3%.

The company saw 588,200 of its shares traded generating a turnover of Rs. 216.5 million second largest behind JKH.

In 2010, Bairaha share rose by an astronomical 1,190% from year’s start price of Rs. 23.65 to a closing of Rs. 324.30 topping the list of gainers percentage wise.

Higher earnings prospect and a re-rating of its valuations are some of the reasons for Bairaha’s dream run of late.