Equity Alert: Sylph Tech re-lists at 152 rupee, hits high 640 rupee

[K.Karthik Raja]

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Equity Alert: Sylph Tech re-lists at 152 rupee, hits high 640 rupee
NEW DELHI--10:55AM--Sylph Technologies re-listed on Bombay Stock
Exchange
at 152 rupees today, also its lowest price in the session so far. The
trading
in the company's share was suspended in financial year 2003-04 (Apr-
Mar) due to
compliance issues. It is a 'Z' category stock.
The share's closing price, before the trading was suspended, was
80 paise.
It hit a high of 640 rupees in the trading so far with 1,000
shares being
traded overall. The shares are currently at 549 rupees.
The company has its registered office at Indore in Madhya Pradesh.
When contacted, Rajat Jain, director of the company, said, "We are
surprised and shocked. Some people are playing with the market. The
price
should not be more than 2-3 rupees." The face value of the share is 10
rupees.
The company was till last year known as Majjarssha Housing. Three
years
back, it changed its line of business to software development from
housing
finance.