Kalpataru Power gains after HDFC MF stake buy

HDFC Mutual Fund acquires over 1.78 million shares through bulk deals on BSE and NSE

Shares of Kalpataru Power Transmission were up over 2% at Rs 236 after HDFC Mutual Fund acquired over 1.78 million shares through two bulk deals, one each on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

HDFC Mutual Fund - Equity acquired 958,000 shares through a bulk deal at a weighted average price of Rs 230, as per data on the BSE.

The fund has also acquired 823,900 through a bulk deal at a weighted average price of Rs 230, as per data on the NSE

The stock opened at Rs 238 and touched a high of Rs 241. At 10:55AM, over 800,000 shares were traded on both the stock exchanges.