 "Monsanto India surges on FIIs buying")
Shares of agrochemicals company Monsanto India has surged 10% to Rs 3,124 on National Stock Exchange (NSE) after the company said the foreign investors have increased their stake in the company by nearly one per cent age points during July-September quarter.
Foreign institutional investors (FIIs) holding in Monsanto India rose to 2.18% in September quarter, according latest shareholding pattern filed by the company. FIIs held 1.39% stake in the company at the end of June quarter and 0.01% in September 2013 quarter.
The stock is among major outperformer in past one year by gaining 400% compared to less than 40% rise in benchmark index CNX Nifty.
However, the domestic institutional investors holding decline to 2.57% in September quarter from 3.27% in June quarter, data shows.
Today, the stock opened at Rs 2,868 and hit a high of Rs 3,164 on NSE. The trading volumes on the counter has been more than double with a combined 166,860 shares changing hands till noon deals on NSE and BSE.
Foreign institutional investors (FIIs) holding in Monsanto India rose to 2.18% in September quarter, according latest shareholding pattern filed by the company. FIIs held 1.39% stake in the company at the end of June quarter and 0.01% in September 2013 quarter.
The stock is among major outperformer in past one year by gaining 400% compared to less than 40% rise in benchmark index CNX Nifty.
However, the domestic institutional investors holding decline to 2.57% in September quarter from 3.27% in June quarter, data shows.
Today, the stock opened at Rs 2,868 and hit a high of Rs 3,164 on NSE. The trading volumes on the counter has been more than double with a combined 166,860 shares changing hands till noon deals on NSE and BSE.