 "Ashapura Intimates Fashion hits record high on fund buying")
Shares of Ashapura Intimates Fashion has rallied 11% to Rs 299, also its record high on the BSE, in early morning trade after DSP Blackrock Mutual Fund bought more than 3% stake in the company for about Rs 13.75 crore via open market purchase.
On Monday, May 4, 2015, DSP Blackrock Mutual Fund had purchased 640,000 equity shares representing 3.3% stake in Ashapura Intimates Fashion at price of Rs 214.95 per share on the BSE, the bulk deal data shows.
Meanwhile, in past one month the stock zoomed 90% from Rs 157 on April 6, compared with 3.6% decline in the S&P BSE Sensex.
At 0921 hours, the stock was up 9% at Rs 292 with around 23,000 shares changed hands on the counter on the BSE.
On Monday, May 4, 2015, DSP Blackrock Mutual Fund had purchased 640,000 equity shares representing 3.3% stake in Ashapura Intimates Fashion at price of Rs 214.95 per share on the BSE, the bulk deal data shows.
Meanwhile, in past one month the stock zoomed 90% from Rs 157 on April 6, compared with 3.6% decline in the S&P BSE Sensex.
At 0921 hours, the stock was up 9% at Rs 292 with around 23,000 shares changed hands on the counter on the BSE.