Business Express

Lakshmi Vilas Bank surges 41% in a week on report US fund house eyes stake

Shares of Lakshmi Vilas Bank were locked in 5 for every cent upper circuit at Rs twenty.90 on the BSE on Wednesday immediately after stories emerged stating that a US fund home is eyeing a huge stake in the cash-strapped bank.

The non-public sector lender’s stock has been frozen upper circuit for the fourth straight day. In the past week, the stock has rallied 41 for every cent in opposition to 1 for every cent rise in the S&P BSE Sensex.

The buying and selling volumes on the counter just about doubled with a combined 726,846 shares transforming fingers on

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