 "Parsvnath Developers extends rally on heavy volumes")
Parsvnath Developers has moved higher by 15% to Rs 25.65, extending its Friday’s 18% rally on the BSE on back of heavy volumes after the real estate developer said that promoter has bought shares of the company through open market.
On November 18, 2015, Pradeep Kumar Jain, one of the promoter’s, has purchased 90,000 equity shares of the company via market purchase, Parsvnath Developers said in a BSE filing.
Shareholding of the reporting entity stands increased from 115.06 million shares to 115.15 million shares pursuant to the market purchase of 90,000 shares, it added.
The stock hit an intra-day high of Rs 26.30 on the BSE and have seen an over 10-fold jump in trading volumes. Around 1.68 million shares already changed hands till 01:56 PM, against an average around 132,000 shares that were traded daily in past two weeks on the BSE.
On November 18, 2015, Pradeep Kumar Jain, one of the promoter’s, has purchased 90,000 equity shares of the company via market purchase, Parsvnath Developers said in a BSE filing.
Shareholding of the reporting entity stands increased from 115.06 million shares to 115.15 million shares pursuant to the market purchase of 90,000 shares, it added.
The stock hit an intra-day high of Rs 26.30 on the BSE and have seen an over 10-fold jump in trading volumes. Around 1.68 million shares already changed hands till 01:56 PM, against an average around 132,000 shares that were traded daily in past two weeks on the BSE.