 "Donear Industries surges on heavy volumes")
Donear Industries has surged 17% to Rs 46.30, extending its over 30% rally in the previous four sessions on the BSE, amid heavy volumes.
The stock of textiles company is trading at its 52-week high, rallied 58% in past one-week from Rs 29.25 on August 22, 2016. The S&P BSE Sensex was down nearly 1% during the week.
The promoters held 75% stake in the company as of June 30, 2016, have sold more than 1% of their holding in the company through open market in past one-week.
Vishwanath L Agarwal and Vishwanath L Agarwal HUF have collectively sold 750,000 equity shares representing 1.44% of total equity of Donear Industries through open market on the BSE and NSE, the company said in a regulatory filing.
Vishwanath L Agarwal sold 250,000 shares each of Donear Industries on August 23, and August 25. Post transaction, total holdings of Vishwanath L Agarwal reduced to 3.72% from 4.68%. Vishwanath L Agarwal HUF offloaded 250,000 shares of the company on August 24.
The name of the buyers were not disclosed by the company.
At 11:51 am, the stock was up 14% at Rs 44.90 on the BSE, as compared to 0.02% rise in the benchmark index. The trading volumes on the counter jumped nearly three-fold with a combined 3.49 million shares representing 6.7% of total equity of Donear Industries changed hands on the BSE and NSE.
The stock of textiles company is trading at its 52-week high, rallied 58% in past one-week from Rs 29.25 on August 22, 2016. The S&P BSE Sensex was down nearly 1% during the week.
The promoters held 75% stake in the company as of June 30, 2016, have sold more than 1% of their holding in the company through open market in past one-week.
Vishwanath L Agarwal and Vishwanath L Agarwal HUF have collectively sold 750,000 equity shares representing 1.44% of total equity of Donear Industries through open market on the BSE and NSE, the company said in a regulatory filing.
Vishwanath L Agarwal sold 250,000 shares each of Donear Industries on August 23, and August 25. Post transaction, total holdings of Vishwanath L Agarwal reduced to 3.72% from 4.68%. Vishwanath L Agarwal HUF offloaded 250,000 shares of the company on August 24.
The name of the buyers were not disclosed by the company.
At 11:51 am, the stock was up 14% at Rs 44.90 on the BSE, as compared to 0.02% rise in the benchmark index. The trading volumes on the counter jumped nearly three-fold with a combined 3.49 million shares representing 6.7% of total equity of Donear Industries changed hands on the BSE and NSE.