Jindal Poly jumps 4% after board approves demerger

Jindal Poly Films has extended its earlier gains and has jumped over 8 per cent in noon deals after the board, at its meeting held today, approved a scheme of arrangement between the company and Jindal Photo.

The stock zoomed to a high of Rs. 286 and now, is up 4.05 per cent at Rs. 275.15. On the BSE counter, so far, 113,000 shares are traded, as against its two-week daily average volume of 36,000 shares.