 "Redington (India) surges on HDFC MF buying")
Redington (India) has surged nearly 7% to Rs 114 on the BSE after the HDFC Mutual Fund (MF) acquired 2% stake in the company for Rs 88 crore through open market.
On January 13, 2016, HDFC MF A/c HDFC Midcap Opportunities Fund bought eight million shares representing 2% stake of Redington (India) at price of Rs 110 per share on the BSE, as per the bulk deal data.
FID Funds (Mauritius) sold 5.93 million shares of the company at Rs 110 per share via bulk deal, data showed.
At 10:54 a.m. the stock was up 5% at Rs 113 as compared to 0.67% decline in S&P BSE Sensex. A combined 402,121 shares changed hands on the counter on the BSE and NSE.
On January 13, 2016, HDFC MF A/c HDFC Midcap Opportunities Fund bought eight million shares representing 2% stake of Redington (India) at price of Rs 110 per share on the BSE, as per the bulk deal data.
FID Funds (Mauritius) sold 5.93 million shares of the company at Rs 110 per share via bulk deal, data showed.
At 10:54 a.m. the stock was up 5% at Rs 113 as compared to 0.67% decline in S&P BSE Sensex. A combined 402,121 shares changed hands on the counter on the BSE and NSE.