Ashok Leyland has zoomed 9% to Rs 22.15 in noon deals on back of heavy volumes on the bourses.
The stock opened at Rs 20.65 and touched a high of Rs 23.90 so far on the BSE. Till 1310 hours, a combined 56.92 million shares representing 2.13% of total equity of the company have changed hands on the counter as against an averages sub 15 million shares that were traded daily in past two weeks on the BSE and NSE.
Since March 15, 2014, the stock of commercial vehicles maker has surged 37% from Rs 17.45 after the company said it sold over 8 million shares worth Rs 365 crore in IndusInd Bank through open market. The benchmark S&P BSE Sensex has gained 1.5% during the same period.
BSE's bulk deal data shows that on March 15, the company sold 5 million shares at the rate of Rs 432.50 a share totalling to Rs 216 crore, while on March 18, it sold another 3.13 million shares at price of Rs 476.82 a share amounting to Rs 149 crore.
As per the shareholding pattern as on December 31, 2013, Ashok Leyland has 10 million equity shares in IndusInd Bank, which is around 1.92% of the total share of the Bank.
The stock opened at Rs 20.65 and touched a high of Rs 23.90 so far on the BSE. Till 1310 hours, a combined 56.92 million shares representing 2.13% of total equity of the company have changed hands on the counter as against an averages sub 15 million shares that were traded daily in past two weeks on the BSE and NSE.
Since March 15, 2014, the stock of commercial vehicles maker has surged 37% from Rs 17.45 after the company said it sold over 8 million shares worth Rs 365 crore in IndusInd Bank through open market. The benchmark S&P BSE Sensex has gained 1.5% during the same period.
BSE's bulk deal data shows that on March 15, the company sold 5 million shares at the rate of Rs 432.50 a share totalling to Rs 216 crore, while on March 18, it sold another 3.13 million shares at price of Rs 476.82 a share amounting to Rs 149 crore.
As per the shareholding pattern as on December 31, 2013, Ashok Leyland has 10 million equity shares in IndusInd Bank, which is around 1.92% of the total share of the Bank.