HCL Infosystems has surged 7% to Rs 37.65, extending its 27% rally in past one week, after Shiv Nadar family-run firm Vama Sundari Investments (Delhi) has increase its stake in the company via open market.
Vama Sundari Investments (Delhi), the promoter group company has acquired 80,200 shares of HCL Infosystems for Rs 22.31 lakh during past one week. The promoter has bought these shares at an average price of Rs 27.83 per share, according to information filed by the company on the stock exchange.
On March 4, Vama Sundari Investments (Delhi) has purchased 52,220 shares, on March 5, it bought additional 13,000 shares and on March 7 the company acquired another 15,000 shares on the NSE.
Since February 3, Vama Sundari Investments (Delhi) has bought 644,758 shares or 0.29% stake in HCL Infosystems, the data shows.
Vama Sundari Investments (Delhi), which hold 43.84% stake in HCL technologies, has nil holding in HCL Infosystems at the end of December 2013 quarter.
Meanwhile, HSBC Global Investment Fund (Mauritius) had sold nearly 1% or 2.18 million shares of HCL Infosystems through open market sales on March 10, 2014.
Post transaction, HSBC Global Investment Fund (Mauritius) holdings in the company declined to 6.28% from 7.26% earlier, HCL Infosystems said.
The stock opened at Rs 35.20 and touched a low of Rs 34.35 on the NSE. A combined 2.75 million shares changed hands on the counter so far on the NSE and BSE.
Vama Sundari Investments (Delhi), the promoter group company has acquired 80,200 shares of HCL Infosystems for Rs 22.31 lakh during past one week. The promoter has bought these shares at an average price of Rs 27.83 per share, according to information filed by the company on the stock exchange.
On March 4, Vama Sundari Investments (Delhi) has purchased 52,220 shares, on March 5, it bought additional 13,000 shares and on March 7 the company acquired another 15,000 shares on the NSE.
Since February 3, Vama Sundari Investments (Delhi) has bought 644,758 shares or 0.29% stake in HCL Infosystems, the data shows.
Vama Sundari Investments (Delhi), which hold 43.84% stake in HCL technologies, has nil holding in HCL Infosystems at the end of December 2013 quarter.
Meanwhile, HSBC Global Investment Fund (Mauritius) had sold nearly 1% or 2.18 million shares of HCL Infosystems through open market sales on March 10, 2014.
Post transaction, HSBC Global Investment Fund (Mauritius) holdings in the company declined to 6.28% from 7.26% earlier, HCL Infosystems said.
The stock opened at Rs 35.20 and touched a low of Rs 34.35 on the NSE. A combined 2.75 million shares changed hands on the counter so far on the NSE and BSE.