 "PC Jeweller surges on FII buying")
PC Jeweller has surged 4% to Rs 266 on National Stock Exchange (NSE) after foreign institutional investors (FII) acquired more than two percentage point stake in jewellery maker for about Rs 100 corre through open market.
“On February 23, 2015 Idria Limited bought 4.48 million shares representing 2.5% of total equity of PC Jeweller at Rs 244.36 on the NSE,” the bulk deal data shows.
Meanwhile, Micro Abrasives India Private Limited sold 1.85 million shares at Rs 235.81 on NSE, data shows.
The stock opened at Rs 266 and hit a high of Rs 274 so far. The counter has seen huge trading volumes with a combined 1.57 million shares already changed hands till 1049 hours as against an average around 1.4 million shares that were traded daily in past two weeks on NSE and BSE.
“On February 23, 2015 Idria Limited bought 4.48 million shares representing 2.5% of total equity of PC Jeweller at Rs 244.36 on the NSE,” the bulk deal data shows.
Meanwhile, Micro Abrasives India Private Limited sold 1.85 million shares at Rs 235.81 on NSE, data shows.
The stock opened at Rs 266 and hit a high of Rs 274 so far. The counter has seen huge trading volumes with a combined 1.57 million shares already changed hands till 1049 hours as against an average around 1.4 million shares that were traded daily in past two weeks on NSE and BSE.