 "India Cements extends gain on FII buying")
Shares of India Cements hit a fresh 52-week high of Rs 149, up 3%, extending an over 10% rally in the past two trading sessions on the National Stock Exchange (NSE), after the foreign investor bought the equity shares worth of Rs 22 crore of the company via open market.
The stock has rallied 15% in past three trading sessions from Rs 130 on August 22, as compared to 0.41% rise in the Nifty 50 index.
On August 23, Kingdon Mauritius Holding I Limited purchased 1.57 million equity shares representing 0.52% of total equity of India Cements at an average price of Rs 137 per share on the NSE, the bulk deal data shows.
At 12:51 pm, the stock was up 2% at Rs 148 on the NSE. A combined 6.11 million shares changed hands on the counter on the NSE and BSE.
The stock has rallied 15% in past three trading sessions from Rs 130 on August 22, as compared to 0.41% rise in the Nifty 50 index.
On August 23, Kingdon Mauritius Holding I Limited purchased 1.57 million equity shares representing 0.52% of total equity of India Cements at an average price of Rs 137 per share on the NSE, the bulk deal data shows.
At 12:51 pm, the stock was up 2% at Rs 148 on the NSE. A combined 6.11 million shares changed hands on the counter on the NSE and BSE.