 "Carborundum Universal gains on buying interest from HNIs")
Carborundum Universal has surged 10% to Rs 254 on the BSE in early morning trade after high net worth individuals (HNIs) including Nemish Shah bought equity shares of the company through the open market.
On Wednesday, July 13, 2016, Nemish Shantilal Shah HUF had purchased 1.5 million shares of Carborundum Universal at an average price of Rs 230.25 per share, the BSE bulk deal data shows.
Aadi Financial Advisors LLP and Amrit Petroleums Private Limited had bought 2.2 million and 2 million shares at price of Rs 230.25 per share, respectively.
However, Nalanda India Equity Fund had sold 18.97 million shares worth of Rs 437 crore at an average price of Rs 230.14 per share, the data shows.
The name of the other buyers not immediately ascertained.
At 09:30 AM, the stock was up 9% at Rs 252 on the BSE, while it was up 4% at Rs 251 on the NSE. A combined 1.7 million shares changed hands on the counter so far on both the exchanges.
On Wednesday, July 13, 2016, Nemish Shantilal Shah HUF had purchased 1.5 million shares of Carborundum Universal at an average price of Rs 230.25 per share, the BSE bulk deal data shows.
Aadi Financial Advisors LLP and Amrit Petroleums Private Limited had bought 2.2 million and 2 million shares at price of Rs 230.25 per share, respectively.
However, Nalanda India Equity Fund had sold 18.97 million shares worth of Rs 437 crore at an average price of Rs 230.14 per share, the data shows.
The name of the other buyers not immediately ascertained.
At 09:30 AM, the stock was up 9% at Rs 252 on the BSE, while it was up 4% at Rs 251 on the NSE. A combined 1.7 million shares changed hands on the counter so far on both the exchanges.