 "Gayatri Projects extends rally post stake purchase by Mentor Capital")
Gayatri Projects has rallied 8% to Rs 197, extending its over 10% gain in the past four trading sessions on the NSE, after investment firm Mentor Capital bought stake in the construction & engineering company through the open market.
On May 15, Mentor Capital Limited purchased 255,020 shares of Gayatri Projects at an average price of Rs 162.34 per share, the NSE bulk deal data shows.
In the past one week, the stock has rallied 22% from Rs 161 on May 14, compared to a 2% rise in the benchmark CNX Nifty. The stock has touched a 52-week high of Rs 205 during intra-day trades today.
Meanwhile, the trading volumes on the counter more than doubled, with a combined 113,583 shares changing hands on the NSE and BSE till 1032 hours.
On May 15, Mentor Capital Limited purchased 255,020 shares of Gayatri Projects at an average price of Rs 162.34 per share, the NSE bulk deal data shows.
In the past one week, the stock has rallied 22% from Rs 161 on May 14, compared to a 2% rise in the benchmark CNX Nifty. The stock has touched a 52-week high of Rs 205 during intra-day trades today.
Meanwhile, the trading volumes on the counter more than doubled, with a combined 113,583 shares changing hands on the NSE and BSE till 1032 hours.