Shares of Carborundum Universal have zoomed nearly 10% to Rs 208 on the NSE in the noon trades after HDFC Mutual Fund bought 10 lakh shares or 0.53% stake in Carborundum Universal at Rs 188/share via bulk deal on the NSE on Sep 2, 2014.
Carborundum Universal is a fully vertically integrated abrasives, electro-minerals, ceramics and refractory company with operations in Australia, Canada, China, India, Middle East, Russia, South Africa, Thailand and the US.
The stock openend at Rs 195, touched a high of Rs 217 and a low of Rs 195 on the NSE. A total of 13,94,861 shares have been exchanched on the NSE so far.