Madhucon witnessed a rise in share price on Wednesday on debt reduction post strategic stake sale of Agra-Jaipur Expressways.
"Madhucon Group announced successful completion of strategic sale of its majority stake (74 percent) in Madhucon Agra-Jaipur Expressways to Cube Highways and Infrastructure," the Hyderabad-based infrastructure company said.
Shares of Madhucon Projects are trading at Rs 55.90, up Rs 2.8, or 5.27% at the Bombay Stock Exchange (BSE) on Wednesday at 11:26 a.m.
The scrip has touched an intra-day high of Rs 57.80 and low of Rs 55.40. Total volume of shares traded on the bourses today was higher by 536.48% to 514,253 compared with 22-day average volume of 80,796.