Hathway Cable & Datacom hits 52-week high on heavy volumes

The stock zoomed 19% to Rs 44.75 on BSE in intra-day trade.

Hathway Cable & Datacom  zoomed 19% to Rs 44.75, also its 52-week high on BSE in noon deal trade, on back of heavy volumes.

At 02:07 pm; the stock was up 16% at Rs 43.55 on BSE. A combined 6.41 million equity shares representing 0.77% of total equity changed hands on the counter on BSE and NSE.

On March 29, 2017 CLSA Global Markets Pte bought 63.05 million shares of Hathway Cable at Rs 37.70 on the BSE and NSE, through open market purchases.

Goldman Sachs Singapore Pte sold 37.60 million shares of Hathway Cable at Rs 37.90 on the NSE and Macquarie Bank sold 25.4 million shares at Rs 37.30 on the BSE, the bulk deal data shows.

Hathway Cable & Datacom Ltd is the leading cable television services provider in India. The company is also one of the leading cable broadband services providers. The company is offering analog and digital cable television across 125 cities and towns in India.