 "JBF Industries hits 52-week high on heavy volumes")
Shares of JBF Industries has surged 16% to Rs 199, also its 52-week high on National Stock Exchange (NSE), on back of heavy volumes.
The trading volumes on the counter jumped over four-fold with a combined 1.79 million shares representing 2.73% of total equity of JBF Industries changed hands till 1245 hours on NSE and BSE. The stock opened at Rs 172 and hit a low of Rs 171 so far.
According to disclosure made by the company to stock exchanges shows that the promoter of the company buying shares through open market transactions.
On November 21, Bhagirath Arya, one of the promoters of the company, had purchased 90,000 shares or 0.14% stake via open market. Earlier, on November 19, Bhagirath Arya bought 50,000 shares or 0.07% stake through market purchase, the company said in a filing.
Post acquisition Bhagirath Arya’s holding in the company increased to 42.29% from 42.08%, it added.
As of September 2014, the total promoters holding in the company stood at 57.49%
The company is engaged in the business of producing polyester based products.
The trading volumes on the counter jumped over four-fold with a combined 1.79 million shares representing 2.73% of total equity of JBF Industries changed hands till 1245 hours on NSE and BSE. The stock opened at Rs 172 and hit a low of Rs 171 so far.
According to disclosure made by the company to stock exchanges shows that the promoter of the company buying shares through open market transactions.
On November 21, Bhagirath Arya, one of the promoters of the company, had purchased 90,000 shares or 0.14% stake via open market. Earlier, on November 19, Bhagirath Arya bought 50,000 shares or 0.07% stake through market purchase, the company said in a filing.
Post acquisition Bhagirath Arya’s holding in the company increased to 42.29% from 42.08%, it added.
As of September 2014, the total promoters holding in the company stood at 57.49%
The company is engaged in the business of producing polyester based products.