 "Punj Lloyd extends rally on institutional buying")
Shares in Punj Lloyd has surged 7% to Rs 59.55, extending its previous day’s 16% rally, after institutional investors bought over 2 million equity shares for Rs 11.5 crore through open market transaction.
On June 18, 2014 Canara HSBC Oriental Bank of Commerce Life Insurance Company has purchased 2.2 million shares of Punj Lloyd at a price of Rs 52.05 per share, the NSE bulk deal data shows. However, name of the sellers not disclosed.
HSBC Oriental Bank of Commerce Life Insurance Company is jointly owned by two of the country’s largest public sector banks - Canara Bank and Oriental Bank of Commerce and HSBC Insurance (Asia Pacific) Holdings Limited, the Asian insurance arm of one of the world's largest banking and financial services groups - HSBC.
The stock opened at Rs 57.40 and hit a fresh 52-week high of Rs 60.45 on NSE. A combined 13.36 million shares changed hands on the counter till 0945 hours on NSE and BSE.
On June 18, 2014 Canara HSBC Oriental Bank of Commerce Life Insurance Company has purchased 2.2 million shares of Punj Lloyd at a price of Rs 52.05 per share, the NSE bulk deal data shows. However, name of the sellers not disclosed.
HSBC Oriental Bank of Commerce Life Insurance Company is jointly owned by two of the country’s largest public sector banks - Canara Bank and Oriental Bank of Commerce and HSBC Insurance (Asia Pacific) Holdings Limited, the Asian insurance arm of one of the world's largest banking and financial services groups - HSBC.
The stock opened at Rs 57.40 and hit a fresh 52-week high of Rs 60.45 on NSE. A combined 13.36 million shares changed hands on the counter till 0945 hours on NSE and BSE.